Result of General Meeting

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: [phone]
Nick Stone, Interim CFO
Cavendish Capital Markets Limited	Tel: [phone]
Ben Jeynes / Katy Birkin / George Lawson - Corporate Finance
Michael Johnson / Dale Bellis / Charlie Combe - Sales & ECM
Buchanan Communications	Tel: [phone]
Chris Lane Stephanie Whitmore	[e-mail]
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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