Last checked at 21 Jul 2023 11:39
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 Stephanie Whitmore | sondrel@buchanan.uk.com
|
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.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Gareth Jones
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2
| Reason for the notification | |||||
a)
| Position/status | PDMR (Vice President ASIC)
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b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Sondrel (Holdings) plc | ||||
b)
| LEI
| 984500D6E7L2A9A54935 | ||||
4
| Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument
Identification code | Ordinary shares of £0.001 each
ISIN: GB00BJN54579
| ||||
b)
| Nature of the transaction
| Grants of options under the Sondrel EMI Share Option Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
n/a
n/a
| ||||
e)
| Date of the transaction
| 21 July 2023 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||