Board Change

Sondrel (Holdings) plc

05 January 2024

 

5 January 2024

Sondrel (Holdings) plc

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

Board Change

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, announces that Gordon Orr has resigned as Non-Executive Director of the Company with effect from 5 January 2024.  

The Company intends to appoint an additional independent Non-Executive Director and a further announcement will be made, as appropriate, in due course.

Gordon Orr commented:

"My decision to step down from the Board reflects my desire to narrow my directorship commitments and I remain a committed supporter of the Sondrel story.  I have enjoyed interacting with the Board and wider executive team since the Group's IPO.  Sondrel has a strong team in place and I am confident it will deliver on its ambitions as demand for ASICs continues to increase and Sondrel's leading engineering capability really sets it apart from others in the industry."

Nigel Vaughan, Chairman of Sondrel, added:

"On behalf of the Board, I'd like to thank Gordon for the valuable contribution he has made since the Group's flotation."

For further information:

Sondrel (Holdings) plc	Via Buchanan
Graham Curren, CEO	Tel: [phone]
Nick Stone, Interim CFO
Cavendish Capital Markets Limited	Tel: [phone]
Ben Jeynes / Katy Birkin / George Lawson - Corporate Finance
Michael Johnson - Sales
Buchanan Communications	Tel: [phone]
Chris Lane Stephanie Whitmore	[e-mail]
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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