Sondrel (Holdings) plc Grant of EMI Share Options (8374I)

TIDMSND

RNS Number : 8374I

Sondrel (Holdings) plc

09 August 2023

9 August 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 a 250,000 new ordinary shares in the Company under the Company's EMI Share Option Plan to Anthony Fernandez, Chief Operating Officer 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 59.0 pence per new ordinary share at any time prior to the tenth anniversary of grant.

Following the award of the Options, the Company now has options over an aggregate of 3,757,597 new ordinary shares in issue, representing approximately 4.3% of the Company's issued ordinary share capital.

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: https://ir.sondrel.com/investors

 
         Details of the person discharging managerial responsibilities 
  1       / person closely associated 
 a)      Name                                    Anthony Fernandez 
        ---------------------------  --------------------------------------- 
         Reason for the notification 
  2 
        -------------------------------------------------------------------- 
 a)      Position/status                   PDMR (Chief Operating Officer) 
        ---------------------------  --------------------------------------- 
 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               250,000 
   c)                                                    ------------------- 
        ---------------------------  --------------------------------------- 
 d)      Aggregated information 
 
          - Aggregated volume           n/a 
 
 
          - Price                       n/a 
        ---------------------------  --------------------------------------- 
 e)      Date of the transaction      7 August 2023 
        ---------------------------  --------------------------------------- 
 f)      Place of the transaction     Outside a trading venue 
        ---------------------------  ---------------------------------------

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