Sondrel (Holdings) plc Grant of EMI Share Options (8305G)
July 21 2023 - 6:39AM
UK Regulatory
TIDMSND
RNS Number : 8305G
Sondrel (Holdings) plc
21 July 2023
21 July 2023
Sondrel (Holdings) plc
("Sondrel", the "Company" and together with its subsidiaries the
"Group")
Grant of EMI Share Options
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
it has granted options over 387,597 new ordinary shares in the
Company under the Company's EMI Share Option Plan to Gareth Jones,
Vice President ASIC and a PDMR of the Group (the "Options").
The terms of the Sondrel EMI Share Option Plan were announced by
the Company on 1 June 2023 and approved by the Company's
shareholders on 27 June 2023.
The Options will vest in tranches over a four-year period
subject to customary malus and clawback provisions, with 50% of the
Options granted vesting on the second anniversary of grant, a
further 25% vesting on the third anniversary of grant and a final
25% vesting on the fourth anniversary of grant.
Vested Options will be capable of exercise in whole or in part
at an exercise price of 56.5 pence per new ordinary share at any
time prior to the tenth anniversary of grant.
Further detail is provided below in accordance with Article 19.3
of the Market Abuse Regulation.
Enquiries:
Sondrel (Holdings) plc Via Buchanan
Graham Curren, CEO Tel: +44 (0) 20 7466
5000
Joe Lopez, CFO
Cenkos Securities plc Tel: +44 (0)20 7397
8900
Ben Jeynes / Katy Birkin / George Lawson
- Corporate Finance
Alex Pollen / 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 .
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Gareth Jones
--------------------------- ---------------------------------------
Reason for the notification
2
--------------------------------------------------------------------
a) Position/status PDMR (Vice President ASIC)
--------------------------- ---------------------------------------
b) Initial notification Initial
/Amendment
--------------------------- ---------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Sondrel (Holdings) plc
--------------------------- ---------------------------------------
b) LEI 984500D6E7L2A9A54935
--------------------------- ---------------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------
a) Description of the Ordinary shares of GBP0.001 each
financial instrument,
type of instrument
ISIN: GB00BJN54579
Identification code
--------------------------- ---------------------------------------
b) Nature of the transaction Grants of options under the Sondrel
EMI Share Option Plan
--------------------------- ---------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
Nil 387,597
c) -------------------
--------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
--------------------------- ---------------------------------------
e) Date of the transaction 21 July 2023
--------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ---------------------------------------
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END
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