REG - Sondrel (Holdings) - Result of General Meeting

Sondrel (Holdings)Announcement

25/03/2024 16:00

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RNS Number : 2091I  Sondrel (Holdings) plc  25 March 2024

25 March 2024

 

SONDREL (HOLDINGS) PLC

("Sondrel" or the "Company")

 

Result of General Meeting

 

On 11 March 2024, Sondrel announced that it had posted a Circular to
shareholders containing a notice of General Meeting. The General Meeting was
called to obtain shareholder approval to grant allotment authorities
sufficient to allow the Company to implement any further convertible loan
notes from ROX Equity Partners Limited and also to carry out the Proposed
Fundraise.

 

The Company is pleased to announce that at the General Meeting held today both
of the resolutions, as set out in the Circular dated 8 March 2024, were duly
passed on a poll as follows.

 

 Resolution               For         %       Against  %      Withheld*
 1 - Ordinary Resolution  59,974,385  99.90%  58,048   0.10%  0

 2 - Special Resolution   59,974,385  99.90%  58,048   0.10%  0

 

*a vote "Withheld" is not a vote in law and is not counted in the calculation
of the proportion of the votes "For" and "Against" shown

 

 

Capitalised terms used in this announcement have the meanings given to them in
the Circular.

 

For further information:

 

 Sondrel (Holdings) plc                                           Via Buchanan
 Graham Curren, CEO                                               Tel: +44 (0) 20 7466 5000
 Nick Stone, Interim CFO

 Cavendish Capital Markets Limited                                Tel: +44 (0) 20 7220 0500
 Ben Jeynes / Katy Birkin / George Lawson - Corporate Finance
 Michael Johnson / Dale Bellis / Charlie Combe - Sales & ECM

 Buchanan Communications                                          Tel: +44 (0) 20 7466 5000
 Chris Lane                                                       sondrel@buchanan.uk.com (mailto:sondrel@buchanan.uk.com)

 Stephanie Whitmore
 Jack Devoy
 Abby Gilchrist

 

About Sondrel

Sondrel is a UK-based fabless semiconductor company specialising in high end,
complex digital Application Specific Integrated Circuits (ASICs) and System on
Chips (SOCs). It provides a full turnkey service in the design, prototyping,
testing, packaging and production of ASICs and SoCs.

The Company is one of only a few companies capable of designing and supplying
the higher-spec chips built on the most advanced semiconductor technologies,
selling into a range of hyper growth end markets such as high-performance
computing, automotive, artificial intelligence, VR/AR, video analytics, image
processing, mobile networking and data centres. Sondrel designs have enabled
products by leading technology brands including Apple (iPhone), Sony
(PlayStation), Meta's (Oculus), Samsung, Google and Sony smartphones, JVC
(prosumer camcorders), Tesla and Mercedes-Benz cars.

Sondrel is well-established, with a 20-year track record of successful
delivery, supported by long standing ecosystem partnerships including Arm,
TSMC and Samsung. Headquartered in the UK, Sondrel has a global presence with
offices in UK, USA, China, India and Morocco.

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