Seeing Machines Limited Block Listing Cancellation (6234F)

TIDMSEE

RNS Number : 6234F

Seeing Machines Limited

22 February 2018

Seeing Machines Limited

Block Listing Cancellation

22 February 2018

Seeing Machines Limited (AIM: SEE) ("Seeing Machines" or the "Company"), an industry leader in computer vision technologies which enable machines to see, understand and assist people, announces that, pursuant to the block listing of 37,161,379 ordinary shares of no par value in the Company (the "Ordinary Shares") announced on 26 June 2017 (the "Block Listing"), the Company has allotted a total of 4,382,720 Ordinary Shares. No further Shares will now be allotted pursuant to the Block Listing, and the Block Listing is hereby cancelled.

8,778,602 options over Ordinary Shares have vested to date under the CEO Long Term Incentive Equity Program, with an exercise price of 3.89 pence per Ordinary Share (the "Options"). These Options will lapse on 26 July 2018. These Options are not included within the final Block Listing and if exercised, will be conditional upon admission.

No further performance rights or options will now vest under the CEO Long Term Incentive Equity Program.

A final block listing return in respect of the Block Listing is set out below:

 
 Name of applicant:                       Seeing Machines Limited 
---------------------------------------  ------------------------------------------- 
 Name of scheme:                          CEO Long Term Incentive Equity Program 
---------------------------------------  ------------------------------------------- 
 Period of return:             From:      23 December 2017       To:   21 February 
                                                                        2018 
----------------------------  ---------  ---------------------  ----  -------------- 
 Balance of unallotted 
  securities under scheme(s) 
  from previous return:                   33,294,273 
---------------------------------------  ------------------------------------------- 
 Plus: The amount by 
  which the block scheme(s) 
  has been increased since 
  the date of the last 
  return (if any increase 
  has been applied for):                  0 
---------------------------------------  ------------------------------------------- 
 Less: Number of securities 
  issued/allotted under 
  scheme(s) during period 
  (see LR3.5.7G):                         515,614 
---------------------------------------  ------------------------------------------- 
 Equals: Balance under 
  scheme(s) not yet issued/allotted 
  at end of period:                       32,778,659 
---------------------------------------  ------------------------------------------- 
 Number and class of                      37,161,379 Ordinary Shares admitted 
  securities originally                    on 29 June 2017 
  listed and date of admission: 
---------------------------------------  ------------------------------------------- 
 IMPORTANT NOTE: This is the final return for this block listing. 
  No further shares will be allotted pursuant to this block 
  listing. 
------------------------------------------------------------------------------------ 
 
 
 
 Name of contact:                Andrew Neilson 
------------------------------  ---------------- 
 Telephone number of contact:    [phone] 
------------------------------  ---------------- 
 

Enquiries:

 
 Seeing Machines Limited                       www.seeingmachines.com / +61 
                                                2 6103 4700 
 Ken Kroeger, Executive Chairman &             [e-mail] 
  Interim CEO                                   [e-mail] 
  Media inquiries 
 
 finnCap Ltd (Nominated Adviser and 
  Joint Broker)                                [phone] 
 Ed Frisby / Emily Watts, Corporate 
  Finance 
  Tim Redfern / Richard Chambers, Corporate 
  Broking 
 
 Canaccord Genuity Limited (Joint 
  Broker)                                      [phone] 
 Simon Bridges 
  Richard Andrews 
  Alexander Napier 
 

About Seeing Machines

Seeing Machines (LSE: SEE) is an industry leader in computer vision technologies which enable machines to see, understand and assist people. The Company deploys its FOVIO machine learning vision platform to deliver real-time understanding of drivers through AI analysis of heads, faces and eyes for Driver Monitoring Systems (DMS), which monitor driver attention state including drowsiness and distraction. DMS is increasingly considered a core automotive safety technology as well as an enabling technology for ADAS/Autonomous Driving. The Company's pioneering commercial fleet solution (Guardian) delivers an after-market, in-cabin safety intervention system with 24/7 monitoring and cloud analytics services delivered on a telematics SaaS basis. The Company also serves Aviation, Rail and Off-Road markets, and they are seeking to innovate in new markets. Based in Canberra, Australia with the intention to grow in the USA and Europe, the Company delivers multi-platform solutions from embedded software and processors to aftermarket system and service solutions to industry leaders globally. www.seeingmachines.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 22, 2018 03:00 ET (08:00 GMT)