Sondrel Plc Share News (SND)

Sondrel outlines chief executive officer designate appointment

(Alliance News) - Sondrel Holdings PLC on Wednesday said it intended to appoint John Chubb from the UK Ministry of Defence as chief executive officer designate.

Sondrel names John Chubb as next CEO

(Sharecast News) - Turnkey services provider Sondrel revealed on Wednesday that John Chubb had been nominated as chief executive officer-designate, succeeding interim CEO David Mitchard.

Sondrel raises GBP5.6 million as Rox Equity Partners ups stake to 49%

(Alliance News) - Sondrel Holdings PLC on Tuesday said it raised GBP5.6 million from a subscription of new shares by a single investor, and said its chair will step down once the equity raise is completed.

LONDON MARKET MIDDAY: Stocks flat; BoE's Pill says summer cut possible

(Alliance News) - Stocks in London made muted progress on Tuesday, ahead of key US data, as a leading Bank of England economist suggested talk of a summer rate cut was not "unreasonable."

AIM WINNERS & LOSERS: Sondrel equity raise; Zytronic loss narrows

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

TRADING UPDATES: Smarttech247 inks USD2.1 million contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Sondrel achieves tapeout in automotive chip contract

(Sharecast News) - Chip supplier Sondrel announced the successful completion of a significant milestone in its material turnkey ASIC engagement for a tier-one OEM automotive customer on Monday.

EARNINGS AND TRADING: MediaZest optimistic; Volta Finance NAV up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Sondrel concludes negotiations with supplier

Sondrel Holdings PLC - Reading, England-based semiconductor design services firm - Concludes negotiations with a supplier in respect of existing and future supply arrangements under an addendum to an existing supply contract.

Sondrel strikes deal for next phase of video chip contract

(Sharecast News) - Chip specialist Sondrel announced on Monday that it has successfully concluded negotiations for a material design and supply contract, as first announced on 27 February.

IN BRIEF: Sondrel concludes exhibit negotiations for chip deal

Sondrel Holdings PLC - Reading, England-based semiconductor design services firm - Concludes negotiations of the exhibits to the material design and supply contract, which has a total estimated value of USD23 million. The contract, Sondrel explains, is for a "next generation, video processing chip across the design, qualification and projected production life of the product".

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

IN BRIEF: Sondrel secures loan to meet working capital needs

Sondrel Holdings PLC - Reading, England-based semiconductor design services firm - Enters GBP874,600 secured 15% convertible loan agreement with ROX Equity Partners Ltd, a UK-based private equity firm and long term investor specialising in emerging technology companies. Says the loan will meet immediate working capital requirements. Explains proceeds of the loan are expected to be received by the March 6. They will be utilised to meet February 2024 payroll and certain overdue supplier obligations. Interest is payable at a rate of 15% per annum quarterly on the last day of March, June, September and December.

Sondrel talks over capital injection at 'advanced' stage

(Sharecast News) - Semiconductor designer and consultant Sondrel updated the market on its ongoing discussions with a potential capital provider on Friday, to address its immediate working capital needs.