Director/PDMR Shareholding

RNS Number : 5455M
Seeing Machines Limited
12 January 2023
 

 

Seeing Machines Limited ("Seeing Machines" or the "Company")

 

 

12 January 2023

 

PDMR / Director Dealing

 

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that on 11 January 2023, Istabraq Pty Limited (Katmai Investments A/C), a person closely associated with the Company's Chief Financial Officer, Martin Ive, purchased a total of 449,972 ordinary shares ("Ordinary Shares") in the Company at a price of 6.4 pence per Ordinary Share.

 

Following this purchase by Istabraq Pty Limited (Katmai Investments A/C) and the purchase by Marrach Super Pty Ltd (Ive Family Super Fund A/C) yesterday, Mr Ive is now beneficially interested in 1,349,972 Ordinary Shares, representing 0.03 per cent. of the issued share capital of the Company.

 

The Notification of Dealing Form required in accordance with UK MAR is set out below.

 

Enquiries:

 

Seeing Machines Limited

+61 2 6103 4700

Paul McGlone - CEO

Sophie Nicoll - Corporate Communications

 

 

 

Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)

+44 20 7710 7600

Alex Price

Nick Adams

Ben Burnett

 

 

 

Dentons Global Advisors (Media Enquiries)

James Styles
Jonathon Brill

seeingmachines@dentonsglobaladvisors.com

+44 20 7664 5095

 

 

 

 

 

About Seeing Machines (AIM: SEE), a global company founded in 2000 and headquartered in Australia, is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people. Seeing Machines' technology portfolio of AI algorithms, embedded processing and optics, power products that need to deliver reliable real-time understanding of vehicle operators. The technology spans the critical measurement of where a driver is looking, through to classification of their cognitive state as it applies to accident risk. Reliable "driver state" measurement is the end-goal of Driver Monitoring Systems (DMS) technology. Seeing Machines develops DMS technology to drive safety for Automotive, Commercial Fleet, Off-road and Aviation. The company has offices in Australia, USA, Europe and Asia, and supplies technology solutions and services to industry leaders in each market vertical.

 

www.seeingmachines.com

 

 


Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Istabraq Pty Limited (Katmai Investments A/C)


Reason for the notification

a)

Position/Status:

A person closely associated with the Company's Chief Financial Officer, Martin Ive

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:

Purchase of Ordinary Shares

c)

Price(s) and volume(s):

 

 

 

 

  Price(s)

Volume(s)

6.4 Pence

449,972

d)

Aggregated information:

· Agrregated volume

· Price


  Aggregate Total

Volume(s)

£28,798.21

449,972

e)

Date of the transaction:

11 January 2023

f)

Place of the transaction:

London Stock Exchange

 

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