REG - Seeing Machines Ltd - Issue of Equity

Seeing MachinesAnnouncement

24/11/2021 10:55

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RNS Number : 4622T  Seeing Machines Limited  24 November 2021

24 November 2021

Seeing Machines Limited

("Seeing Machines", the "Company")

Issue of Equity

 

Seeing Machines Limited (AIM: SEE), the advanced computer vision technology
company that designs AI-powered operator monitoring systems to improve
transport safety, announces that following the release of its annual results
for the 12 months to 30 June 2021 earlier today, it has issued and allotted
18,181,818 ordinary shares (the "New Shares") to Lombard Odier Asset
Management (Europe). Lombard Odier Asset Management (Europe)'s intention to
apply for the New Shares was highlighted in the Company's recent equity
fundraising, details of which were first announced on 22 November 2021 (the
"Fundraise").

 

The participation by Lombard Odier Asset Management (Europe) in the Fundraise
constitutes a related party transaction for the purposes of the AIM Rules. The
independent directors of the Company (for these purposes being Kate Hill, Paul
McGlone, John Murray, Gerhard Vorster and Yong Kang Ng), having consulted with
the Company's nominated adviser, Stifel, consider that the terms of the
related party transaction are fair and reasonable insofar as shareholders are
concerned.

 

An application has been made for the New Shares to be admitted to trading on
the AIM Market on or around 30 November 2021 ("Admission").

 

Total Voting Rights

 

Following Admission, the total issued share capital of the Company will be
4,152,741,296 Ordinary Shares with no Ordinary Shares held in treasury.
Therefore, the total number of voting rights in the Group post Admission will
be 4,152,741,296 and this figure may be used by shareholders as the
denominator for the calculations by which they will determine whether they are
required to notify their interest in, or a change to their interest in Seeing
Machines.

 

 

Enquiries:

 Seeing Machines Limited                                 +61 2 6103 4700
 Paul McGlone - CEO

 Sophie Nicoll - Corporate Communications

 Stifel Nicolaus Europe Limited (Nomad and Sole Broker)  +44 20 7710 7600
 Alex Price

 Nick Adams

 Lionsgate Communications (Media Enquiries)              +44 07791 892509
 Jonathan Charles

About Seeing Machines Limited:

Seeing Machines (LSE: 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.

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This announcement is not
an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from
registration. No public offering of securities is being made in the United
States.

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