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.
Seeing Machines Limited
+61 2 6103 4700
Paul McGlone - CEO
Sophie Nicoll - SVP, Corporate Communications
Cenkos Securities plc (Nominated Adviser and Broker)
+44 131 220 6939
Antenna Group for Seeing Machines (Media Enquiries)
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
Ms Kate Hill
Reason for the notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Seeing Machines Limited
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
Description of the financial instrument, type of
Ordinary shares of nil par value
Nature of the transaction:
Issue of performance rights and share options
Price(s) and volume(s):
· Aggregated volume:
Date of the transaction:
Place of the transaction:
London Stock Exchange
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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.