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
Stephanie Whitmore
|
sondrel@buchanan.uk.com
|
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.