TIDMSND

RNS Number : 1021N

Sondrel (Holdings) plc

20 September 2023

20 September 2023

Sondrel (Holdings) plc

("Sondrel", the "Company" and together with its subsidiaries the "Group")

Board Update

Further to the recent announcement that Nick Stone has been appointed as Interim Finance Director of the Company, and that Joe Lopez has stood down as Chief Financial Officer, Sondrel announces that Joe Lopez has now also stood down as a Company Director with immediate effect.

 
 Sondrel (Holdings) plc                                Via Buchanan 
 Graham Curren, CEO                            Tel: +44 (0) 20 7466 
                                                               5000 
 
 Cavendish Securities plc                       Tel: +44 (0)20 7220 
                                                               0500 
 Ben Jeynes / Katy Birkin / George Lawson 
  - Corporate Finance 
 Michael Johnson - Sales 
 
 Buchanan Communications                       Tel: +44 (0) 20 7466 
                                                               5000 
 Chris Lane                                 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.

For more information please visit: www.ir.sondrel.com .

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END

UPDURRUROWUKUAR

(END) Dow Jones Newswires

September 20, 2023 08:09 ET (12:09 GMT)

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