REG - Seeing Machines Ltd - PDMR Shareholding

Seeing MachinesAnnouncement

14/11/2022 07:00

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RNS Number : 2236G  Seeing Machines Limited  14 November 2022

 

Seeing Machines Limited

 

14 November 2022

 

PDMR 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, was notified on 11 November
2022 that Lombard Odier Asset Management (Europe) Limited ("LAOME"), a person
closely associated with the Company's Non-Executive Director, Michael Brown,
acting in its capacity as discretionary investment manager for the account and
on behalf of funds or accounts managed by it and/or as agent of Lombard Odier
Asset Management (USA) Corp, acting as discretionary investment manager for
the account and on behalf of funds or accounts managed by them has today
traded in the ordinary shares of Seeing Machine as set out below:

 

11 November 2022          Bought 134,208,641 ordinary shares at 5.5p

11 November 2022          Sold 207,208,641 ordinary shares at 5.5p

 

The share trades were the result of the reorganisation of certain funds and/or
accounts managed by LOAME which is now complete. LOAME has confirmed to the
Company that it remains extremely supportive of the Company and its prospects,
particularly following the recent investment by Magna International and has no
intention of, or requirement to, reducing its holding in Seeing Machines in
the foreseeable future.

 

Following these transactions LOAME holds 621,756,762 ordinary shares,
representing 14.97% of the Company's issued share capital.

 

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

 Lionsgate Communications (Media Enquiries)                       +44 7791 892509

 Jonathan Charles

 

 

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 (http://www.seeingmachines.com)

 

     Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                             Lombard Odier Asset Management (Europe)

                                                       Limited
     Reason for the notification
 a)  Position/Status:                                  A person closely associated with the Company's Non-Executive Director, Michael
                                                       Brown
 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  Ordinary shares of nil par value

      Identification Code                              ISIN: AU0000XINAJ0

 b)  Nature of the transaction:                        Purchase of Ordinary Shares
 c)  Price(s) and volume(s):                            Price(s)   Volume(s)

                                                 5.5 Pence   60,000,000
                                                       5.5 Pence   12,208,641

                                                 5.5 Pence   12,000,000
                                                       5.5 Pence   50,000,000

 d)  Aggregated information:                            Aggregate Total   Volume(s)

                                                 £7,381,475.26      134,208,641
     ·      Agrregated volume

     ·      Price

     
 e)  Date of the transaction:                          11 November 2022
 f)  Place of the transaction:                         London Stock Exchange

d)

Aggregated information:

·      Agrregated volume

·      Price



  Aggregate Total   Volume(s)
 £7,381,475.26      134,208,641

e)

Date of the transaction:

11 November 2022

f)

Place of the transaction:

London Stock Exchange

 

     Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                             Lombard Odier Asset Management (Europe)

                                                       Limited
     Reason for the notification
 a)  Position/Status:                                  A person closely associated with the Company's Non-Executive Director, Michael
                                                       Brown
 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  Ordinary shares of nil par value

      Identification Code                              ISIN: AU0000XINAJ0

 b)  Nature of the transaction:                        Sale of Ordinary Shares
 c)  Price(s) and volume(s):                            Price(s)   Volume(s)

                                                 5.5 Pence   73,000,000
                                                       5.5 Pence   134,208,641

 d)  Aggregated information:                            Aggregate Total   Volume(s)

                                                 £                  207,208,641
     ·      Agrregated volume

                                                 £11,396,475.26
     ·      Price

     
 e)  Date of the transaction:                          11 November 2022
 f)  Place of the transaction:                         London Stock Exchange

d)

Aggregated information:

·      Agrregated volume

·      Price



  Aggregate Total   Volume(s)
 £                  207,208,641

 £11,396,475.26

e)

Date of the transaction:

11 November 2022

f)

Place of the transaction:

London Stock Exchange

 

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