Seeing Machines Limited Director/PDMR Shareholding (7786L)

TIDMSEE

RNS Number : 7786L

Seeing Machines Limited

07 September 2023

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

7 September 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 6 September 2023, Paul McGlone CEO exercised options over 7,500,000 ordinary shares of no par value in the Company ("Ordinary Shares"). The Ordinary Shares were exercised at a price of 6 pence per share and were satisfied by way of a transfer of ordinary shares out of the Seeing Machines Executive Share Plan Trust.

Following the exercise of options, Mr McGlone's total beneficial holding is 8,100,000 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 
  [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 of no par 
       instrument, type of                      value 
                                                ISIN: AU0000XINAJ0 
       Identification Code 
     ---------------------------------------  ------------------------------ 
 b)   Nature of the transaction:               Exercise of Options 
     ---------------------------------------  ------------------------------ 
 c)   Price(s) and volume(s):                    Price(s)     Volume(s) 
                                                  6.0 Pence    7,500,000 
                                                              ---------- 
     ---------------------------------------  ------------------------------ 
 d)        Aggregated information:             N/A - single transaction 
             *    Aggregated volume             as above 
 
 
             *    Price 
     ---------------------------------------  ------------------------------ 
 e)   Date of the transaction:                 6 September 2023 
     ---------------------------------------  ------------------------------ 
 f)   Place of the transaction:                London Stock Exchange 
     ---------------------------------------  ------------------------------ 
 

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September 07, 2023 12:31 ET (16:31 GMT)