Seeing Machines Limited Director/PDMR Shareholding (5060S)

TIDMSEE

RNS Number : 5060S

Seeing Machines Limited

06 November 2023

Seeing Machines Limited

6 November 2023

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 6 November 2023 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:

   3 November 2023        Bought 500,000 ordinary shares at 5.37p 

Bought 250,000 ordinary shares at 5.38p

Bought 448,020 ordinary shares at 5.40p

Bought 250,000 ordinary shares at 5.40p

Following this transaction LOAME holds 644,632,913 ordinary shares, representing 15.52% of the Company's issued share capital.

Enquiries:

 
 Seeing Machines Limited                              [phone] 
 Paul McGlone - CEO 
  Sophie Nicoll - Corporate Communications 
 
 Stifel Nicolaus Europe Limited (Nominated 
  Adviser and Broker)                                [phone] 
 Alex Price 
  Nick Adams 
  Fred Walsh 
  Ben Burnett 
 
 Dentons Global Advisors (Media Enquiries) 
  James Styles 
  Jonathon Brill 
  Methuselah Tanyanyiwa 
  [e-mail]           [phone] 
 
 
 

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:                                                    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) 
                                                                  5.37 Pence    500,000 
                                                                               ---------- 
                                                                  5.38 Pence    250,000 
                                                                               ---------- 
                                                                  5.40 Pence    448,020 
                                                                               ---------- 
                                                                  5.40 Pence    250,000 
                                                                               ---------- 
     -------------------------------------------------------  -------------------------------------- 
 d)        Aggregated information:                               Aggregate Price    Volume(s) 
             *    Aggregated volume                               5.4 Pence          1,448,020 
                                                                                    ---------- 
 
             *    Price 
     -------------------------------------------------------  -------------------------------------- 
 e)   Date of the transaction:                                 3 November 2023 
     -------------------------------------------------------  -------------------------------------- 
 f)   Place of the transaction:                                London Stock Exchange 
     -------------------------------------------------------  -------------------------------------- 
 

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November 06, 2023 06:26 ET (11:26 GMT)