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 |
|
| 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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