 Presumably this is why it looks like a change in percentage to recent holdings?
Rather than a sale in each case?
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, due to a clerical error, an application has been made to the London Stock Exchange for 37,161,419 new Ordinary Shares to be admitted to trading on AIM ("Admission") which relates to historical exercises of options, in 2018, for which applications had not been accurately accounted for, with dealings expected to commence at 8.00 a.m. on or around 24 December 2024. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
Following Admission, the total issued share capital of the Group will be 4,271,645,483 Ordinary Shares with no Ordinary Shares held in treasury. Therefore, the total number of voting rights in the Group post Admission will be 4,271,645,483 and this figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in Seeing Machines. |
Yes but shares are about the future and anticipate before the event!
Thanks wsM812. |
Nope about 18 months.July 2026 |
Only 12 months before all new cars sold in EU must have this technology, right? |
From the RNS
"In Aftermarket, Seeing Machines and Mitsubishi Electric Mobility will work together to drive increased sales of Guardian Generation 3 in Japan, Europe and North America, leveraging Mitsubishi Electric Mobility's significant Aftermarket distribution network and customer base. This joint effort is expected to accelerate the Company's path to profitability."
I had missed the Japan reference previously so a totally new market for Fleet. Exciting times ahead. |
"SEEing is believing" excellent hazl, this should be their strap line! |
A good start for the New Year.
SEEing is believing. |
£40mill Sipps, not £26 mill-ie £26m from placing shares + £14m from LO & VSI |
To all Naysayers I say this.
"Did Mitisbushi invest £26 Million into SEE for fun and without carry out due diligence on the company, the competition, the future market for DMS and the value thereof or because they did all these things?"
Happy new year to all SEE Investors. |
I was hoping for a strong finish to the year following news of more Director buys& with CES being only a week away .The signs , however, are that 2025 should be a good year for newsflow,contract wins across our 3 verticals & news of achieving cashflow break even-so it will be interesting to see where our share price lies this time next year ? |
More director purchases |
Late trades some are at after 4 pm times . Hmm. |
'The best in our field.
Seeing Machines is a world leader in human-machine interaction and an industry leader in artificial intelligence (AI), that enable machines to see, understand and assist the people who are using them.
We build our technology from the ground up. Our behavioural insights, sophisticated vision algorithms, intelligent optics and ultra-efficient embedded processing combine to deliver the world’s most efficient and optimised driver monitoring system technology, delivered to automakers globally. We partner with world-leading organisations to deliver flexible and robust solutions to our customers.'
As above. |
Look at the visuals here. |
Basically I think the market has missed a trick.
Yes SEE has risen on this news but as the market is so thin at the moment I think this is a very good sign, myself. |
Not only were the earlier shares bought by Mitsubishi, at a premium at the time but they were followed up by the committment to agree to the amount announced today!
It is explained here in an earlier anouncement.
'Subscription Agreement - Further details
Seeing Machines has issued 640,746,822 new ordinary shares of nil par value each (the "New Ordinary Shares") to Mitsubishi Electric Mobility at a price of 4.09 pence per New Ordinary Share, raising gross proceeds of approximately £26.2 million (US$32.8) million (the "Placing").
The net proceeds of the Placing, issued at a 12% premium to the 30-day VWAP of Seeing Machines' existing shares for the period ending 19 December 2024, will unlock new growth opportunities, specifically for Automotive expansion in Japan and to accelerate joint sales of Guardian to support the Company's Aftermarket business across multiple geographies.
The Subscription represents 15% of the Company's issued share capital as at today's date, prior to the New Ordinary Shares being admitted to AIM for trading. The Company also understands that Mitsubishi Electric Mobility has entered into an agreement to acquire additional shares from Lombard Odier Asset Management and VS International Venture, the largest and second largest shareholders respectively of the Company, to increase its holding to 19.9%. Mitsubishi Electric Mobility's ownership level is restricted to 19.9% in accordance with the Australian Corporations Act and the Agreement between the parties restricts the ability to incrementally increase thereafter other than under certain agreed circumstances.
Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur and dealings will commence in the New Ordinary Shares at or around 8.00 a.m. on 24 December 2024.' |
Base .....it's not just that!
Look at the different holding by Mitsubishi! |
Martin I’ve resuming his buying ,albeit a modest amount ,is a good sign as it shows continued confidence in our project & his continued commitment to SEE |
I don't know what the share price will do in the short term but I was a holder when it flew up to 11p a few years back. It feels a bit like that now. A decent contract win announcement or CES surprise on the cards. Just being factual. |
You really need help NV, utterly negatively biased beyond reason. I'm not doing your research for you, do it yourself. Anyone else that wants the reasoning, I'll happily post.
You did say "Just like all the other alliances we have blah blah" Magna is one of them. Get a grip |
I agree with those comments. Glass half full. |
I used to think you were just a miserable moaning ling term holder who neither had the stomach for selling out (FOMO) or the guts to buy more when our share price moved down to around 3p in order to reduce your average -which many of us have done ,admittedly ,over several years
My view now ,FWIW,is that you are either a paid de ramper -or simply a Martin Krantz fanboy/or girl who’s agenda is just to further the cause of SEYE
While we ( holders) would have all preferred the Mits deal to have been at a premium to the prevailing price , the general Market view is that this is a very positive deal for SEE-
-substantial improvement in bank balance ,eliminating short term cash flow worries
-MITs are a major trade partner who will hopefully ensure that we win a fair % of Far Eastern RFQs ,which are soon to announce
-MITs have substantial fleet connections which should enable a substantial acceleration in Fleet growth
-Mis are well established in N America which should ensure our winning our fair share of US RFQs
-potential for consumer applications for our tech which could add new revenue streams
MITs have much more to offer SEE than Lombard & VS & my view is that this transaction marks the beginning of the long awaited inflection point in the acceptance & growth of DMS /OMS & ultimately likely to result in our losing our independence at some point over the next year or two -the unknown being at what value |
Forget the CEO and blame everything on macro events? Crickey.
The world has been through ups and downs like it normally does, but ours CEO'S never delivered in either the good times or bad. The guy has just given away 19% of the business for 4p.
Let that sink in. That's what the business is worth in the CEO'S mind with all the data and information he has at his disposal - 4p!!! That's what Mitsubishi and any other business and market currently thinks we are worth.
It's a terrible inditment for the ceo and his failure to deliver that has eroded the share price to the point the shares are worth just 4p today to a potential buyer. |
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