Sondrel (Holdings) float on AIM
October 2022
Sondrel is a UK-founded and headquartered fabless semiconductor business providing turnkey services in the design and delivery of complex, high end ‘application specific integrated circuits’ (“ASICs”) and ‘system on chips’ (“SoCs”) for leading global technology brands. Sondrel’s capabilities are provided to customers seeking competitive advantage by including customised ASIC/SoC devices enabling differentiation of their end products when addressing fast-growth technology megatrends.
Sondrel has grown over a period of more than 20 years and delivers complex ASIC/SoC designs on a consultancy and/or project basis for a wide range of leading multi-national corporate customers. The high-end complex ASICs/SoCs designed and supplied by Sondrel to its customers and Sondrel’s previous designs have been included in well-known products such as Apple iPhone, Sony PlayStation, Meta’s Oculus Quest virtual reality headset, Samsung, Google and Sony smartphones, JVC prosumer camcorders and Tesla and Mercedes-Benz cars.
Admission to Trading on AIM
On 21st October 2022, admission and dealings on AIM commenced by way of a Placing of 36,363,636 new Ordinary Shares at 55 pence per share.
The Fundraising raised gross proceeds for the Company of £20 million.
The Perivan shareholder communications team were delighted to work with Cenkos who was appointed as Nominated Adviser and Broker to Sondrel on the successful production and publication of the 138-page admission document.
For further information click here.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.
