REG - Seeing Machines Ltd - Director/PDMR Shareholding

Seeing MachinesAnnouncement

01/10/2019 10:15

RNS Number : 3285O
Seeing Machines Limited
01 October 2019
 


1 October 2019
Seeing Machines Limited
 
Director Share Purchase
 
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.
 
 
Enquiries:
 




Seeing Machines Limited


+61 2 6103 4700




Paul McGlone - CEO
Sophie Nicoll - SVP, Corporate Communications


 




 


 




Cenkos Securities plc (Nominated Adviser and Broker)
Neil McDonald
Pete Lynch


+44 131 220 6939




 


 




Antenna Group for Seeing Machines (Media Enquiries)


 




SeeingMachines@antennagroup.com


 




 
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation
(EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to
be in the public domain.
 
 
About Seeing Machines - www.seeingmachines.com 
 
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




a)


Name:


Ms Kate Hill




 


Reason for the notification




a)


Position/status:


Non-Executive Chair




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:


Issue of performance rights and share options




c)


Price(s) and volume(s):


 




Price(s)


Volume(s)




4.50 pence


500,000




4.60 pence


500,000




Total


1,000,000




 




d)


Aggregated information:
·      Aggregated volume:
·      Price:






Aggregate Total


Volume(s)




£45,500.00


1,000,000




 




e)


Date of the transaction:


2019-09-30




f)


Place of the transaction:


London Stock Exchange




 
 
 
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHKFLBBKBFFFBL