Seeing Machines Limited Director/PDMR Shareholding (2355R)

TIDMSEE

RNS Number : 2355R

Seeing Machines Limited

25 October 2023

Seeing Machines Limited ("Seeing Machines" or the "Company")

25 October 2023

Director/ PDMR Shareholding

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, announces that on 24 October 2023, Paul McGlone CEO purchased a total 100,000 ordinary shares ("Ordinary Shares") in Seeing Machines at a price of 5 Pence and a total of 50,000 Ordinary Shares at a price of 5.04 Pence.

Following these purchase, Mr McGlone is now beneficially interested in 8,450,000 Ordinary Shares, representing 0.20 per cent. of the issued share capital of the Company.

The Notification of Dealing Form required in accordance with UK MAR is set out below.

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:                                 Paul McGlone 
     ------------------------------------  --------------------------------- 
      Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/Status:                      CEO 
     ------------------------------------  --------------------------------- 
 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          Ordinary Shares held in trust 
       instrument, type of                   following the vesting of 
                                             certain Performance rights 
       Identification Code                   ISIN: AU0000XINAJ0 
     ------------------------------------  --------------------------------- 
 b)   Nature of the transaction:            Exercise of Options 
     ------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s):                 Price(s)      Volume(s) 
                                               5.00 Pence    100,000 
                                                            ---------- 
                                               5.04 Pence    50,000 
                                                            ---------- 
     ------------------------------------  --------------------------------- 
 d)        Aggregated information: 
             *    Aggregated volume                *    150,000 
 
 
             *    Price                            *    5.02 pence 
     ------------------------------------  --------------------------------- 
 e)   Date of the transaction:              24 October 2023 
     ------------------------------------  --------------------------------- 
 f)   Place of the transaction:             London Stock Exchange 
     ------------------------------------  --------------------------------- 
 

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October 25, 2023 02:55 ET (06:55 GMT)