Director/PDMR Shareholding-SEEING MACHINES LIMITED

Director/PDMR Shareholding-SEEING MACHINES LIMITED

Director/ PDMR Shareholding

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 24 October 2023, Paul McGlone CEO purchased a total 100,000 ordinary shares ("Ordinary Shares") in Seeing Machines at a price of 5 Pence and a total of 50,000 Ordinary Shares at a price of 5.04 Pence.

 

Following these purchase, Mr McGlone is now beneficially interested in 8,450,000 Ordinary Shares, representing 0.20 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

Fred Walsh

Ben Burnett

 

 

 

Dentons Global Advisors (Media Enquiries)

James Styles
Jonathon Brill

Methuselah Tanyanyiwa

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:

Paul McGlone

Reason for the notification

a)

Position/Status:

CEO

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 held in trust following the vesting of certain Performance rights 

ISIN: AU0000XINAJ0

b)

Nature of the transaction:

Exercise of Options

c)

Price(s) and volume(s):

 

 

 

 

 Price(s)

Volume(s)

5.00 Pence

100,000

5.04 Pence

50,000

d)

Aggregated information:

·      Aggregated volume

·      Price



·      150,000

·      5.02 pence

e)

Date of the transaction:

24 October 2023

f)

Place of the transaction:

London Stock Exchange

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