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RNS Number : 3285O
Seeing Machines Limited
01 October 2019
 

1 October 2019

Seeing Machines Limited

 

Director Share Purchase

 

Seeing Machines Limited (AIM: SEE) ("Seeing Machines" or the "Company"), the leading provider of AI-enabled driver monitoring technology for improved transport safety, advises that its Chair, Kate Hill, has purchased 1,000,0000 ordinary shares in the Company.

 

Ms Hill purchased 500,000 shares at 4.50 pence and 500,000 shares at 4.60 pence. Following completion of this transaction, Ms Hill has an interest in 1,550,000 Ordinary Shares, representing 0.05% of the issued share capital of the Company.

 

 

Enquiries:

 

Seeing Machines Limited

+61 2 6103 4700

Paul McGlone - CEO

Sophie Nicoll - SVP, Corporate Communications

 

 

 

Cenkos Securities plc (Nominated Adviser and Broker)

Neil McDonald

Pete Lynch

+44 131 220 6939

 

 

Antenna Group for Seeing Machines (Media Enquiries)

 

[email protected]

 

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation

(EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to

be in the public domain.

 

 

About Seeing Machines - www.seeingmachines.com 

 

Seeing Machines (LSE: SEE), a global company headquartered in Australia, is an industry leader in computer vision technologies which enable machines to see, understand and assist people. The Company's machine learning vision platform has the know-how to deliver real-time identification and understanding of drivers through Artificial Intelligence (AI) analysis of heads, faces and eyes. This insight enables Driver Monitoring Systems (DMS), which monitor driver/operator identification and attention and can detect drowsiness and distraction across multiple transport sectors.

 

Seeing Machines develops DMS for the Automotive, Commercial Fleet, Aviation, Rail and Off-Road markets. The Company has offices in Australia, USA, Europe and Asia, and delivers multi-platform solutions to industry leaders in each vertical.

 

DMS is becoming a core safety technology integrated into ADAS offerings for the automotive industry, particularly with the development of semi-autonomous and self-driving cars. DMS is also increasingly seen to be an integral safety feature across the Commercial Transport & Logistics industry and is set to be become a regulatory requirement for all cars, vans, trucks and buses in Europe from 2022, with the rest of the world expected to follow soon after.

 

 

 

 

 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Ms Kate Hill

 

Reason for the notification

a)

Position/status:

Non-Executive Chair

b)

Initial notification/Amendment:

Initial notification

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Seeing Machines Limited

b)

LEI:

549300LNJJPZ2SU7A197

 

 

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

 

 

Identification Code

 

Ordinary shares of nil par value

 

ISIN: AU0000XINAJ0

b)

Nature of the transaction:

Issue of performance rights and share options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

4.50 pence

500,000

4.60 pence

500,000

Total

1,000,000

 

d)

Aggregated information:

·      Aggregated volume:

·      Price:

Aggregate Total

Volume(s)

£45,500.00

1,000,000

 

e)

Date of the transaction:

2019-09-30

f)

Place of the transaction:

London Stock Exchange

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Seeing Machines Limited

Price: 4.675

Market: AIM
Market Cap: £157.32 m
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Watch

Seeing Machines LIVE 2019 results presentation - CEO Paul McGlone

Seeing Machines Limited (LON:SEE) CEO Paul McGlone talks through the firm's full year results to June 2019. Revenue rose 4% to A$31.9mln from A$30.7mln the year before but in the current fiscal year, the company is expecting it to rise to somewhere between A$45mln and A$50mln.

on 09/24/2019