Seeing Machines Limited Result of Offers & Total Voting Rights (7102U)

TIDMSEE

RNS Number : 7102U

Seeing Machines Limited

20 January 2017

Seeing Machines Limited

("Seeing Machines" or the "Company")

Result of Australian and Overseas Offers

and Total Voting Rights

20 January 2017

Seeing Machines Limited (AIM: SEE), the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services, is pleased to announce that, further to its announcement on 13 December 2016, valid acceptances of the Australian and Overseas Offers (the "Offers") have been received in respect of GBP1.4 million (approximately AUD 2.3 million) through the issue of 35,695,382 new Ordinary Shares (the "Offer Shares") at a price of 4 pence per Ordinary Share. The Offer follows an earlier successful fundraising of GBP15 million.

Application has been made for the Offer Shares to be admitted to trading on AIM and admission is expected to occur on 25 January 2017 ("Admission").

Following Admission, the Company will have 1,486,455,161 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights will therefore be 1,486,455,161 and shareholders may use this figure as the denominator for calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in the ordinary share capital of the Company.

Terms defined in the announcement published by the Company on 13 December 2016 shall have the same meaning in this announcement unless the context requires otherwise.

Enquiries:

 
 Seeing Machines Limited     www.seeingmachines.com / 
                              [phone] 
 Ken Kroeger, Managing       [e-mail] 
  Director and CEO 
 Media inquiries             [e-mail] 
 finnCap Ltd, Broker for Seeing Machines 
 Ed Frisby / Emily Watts, 
  Corporate Finance          [phone] 
 Joanna Scott, Corporate 
  Broking 
 Newgate, Investment Communications for Seeing Machines 
 Bob Huxford                 Tel: [phone] / Mob: 
                              [phone] 
                              [e-mail] 
  Adam Lloyd 
                              Tel: [phone] / Mob: 
                              [phone] 
                              [e-mail] 
 

About Seeing Machines

Seeing Machines, (AIM: SEE) is focused on operator monitoring and intervention sensing technologies and services. With more than 15 years of experience, Seeing Machines uses advanced detection and prevention safety assistance technologies to track eye and facial movement in order to monitor fatigue, drowsiness and distraction events, such as microsleeps, texting and cell phone use as they occur, while providing for a real-time intervention strategy, which improves operator, driver and environmental safety, preserves assets, and reduces risk. Seeing Machines' technology is used worldwide across the automotive, mining, transport and aviation industries; as well as many of the leading academic research groups and transportation authorities. Seeing Machines is headquartered in Australia and has offices in Tucson, Arizona and Mountain View, California. The Company counts Caterpillar, Electro Motive Diesel, Progress Rail, Boeing, Takata, SEMCo, and Eye Tracking Inc among its partners.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 20, 2017 03:35 ET (08:35 GMT)