Sondrel (Holdings) plc Holding(s) in Company (4519V)
December 01 2023 - 9:31AM
UK Regulatory
TIDMSND
RNS Number : 4519V
Sondrel (Holdings) plc
01 December 2023
1 December 2023
Sondrel (Holdings) plc
("Sondrel", the "Company" and together with its subsidiaries the
"Group")
Holding(s) in Company
Sondrel (Holdings) plc (AIM: SND), the fabless semiconductor
business providing turnkey services in the design and delivery of
'application specific integrated circuits' ("ASICs") and 'system on
chips' ("SoCs") for leading global technology brands, notes the
announcement this morning by Peel Hunt LLP that Siemens Industry
Software Limited ("Siemens") has today, subject to completion,
disposed of its entire shareholding of 9,813,450 ordinary shares in
the Company, representing 11.22% of the Company's issued ordinary
share capital, at a price of 6.0 pence per ordinary share.
The disposal by Siemens has no impact on Sondrel's operations or
commercial relationships. Sondrel maintains strong relationships
with its various industry partners including foundries (such as
TSMC, GlobalFoundries and Samsung), OSAT organisations (such as
Synergie-CAD, Amkor and ASE), IP vendors (such as Synopsys,
Siemens, Arm and Arteris) and EDA vendors (such as Synopsys and
Siemens).
The Group has increasingly been implementing newer technology
from partners like Synopsys and this technology is at the forefront
of many of the Group's existing and potential ASIC project
delivery. In particular, Sondrel's strong commercial relationship
with Synopsys is creating new opportunities for the Group.
For further information:
Sondrel (Holdings) plc Via Buchanan
Graham Curren, CEO Tel: +44 (0) 20 7466
5000
Nick Stone, Interim CFO
Cavendish Capital Markets Ltd Tel: +44 (0) 20 7220
0500
Ben Jeynes / Katy Birkin / George Lawson
- Corporate Finance
Michael Johnson / George Budd / Charlie
Combe - Sales and ECM
Buchanan Communications Tel: +44 (0) 20 7466
5000
Chris Lane sondrel@buchanan.uk.com
Stephanie Whitmore
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.
For more information please visit: ir.sondrel.com .
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END
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December 01, 2023 10:31 ET (15:31 GMT)
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