Seeing Machines Limited Director/PDMR Shareholding (8107Q)

TIDMSEE

RNS Number : 8107Q

Seeing Machines Limited

20 October 2023

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

20 October 2023

PDMR / Director Dealing

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 19 October 2023, Marrach Super Pty Limited, a person closely associated with Martin Ive, Chief Financial Officer, purchased a total of 230,000 ordinary shares ("Ordinary Shares") in Seeing Machines at a price of 5.15 pence per Ordinary Share.

Following these purchases, Mr Ive is now beneficially interested in 7,533,556 Ordinary Shares, representing 0.18 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:                               Marrach Super Pty Limited 
     ----------------------------------  ----------------------------------- 
      Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/Status:                    Person closely associated 
                                           with Martin Ive, Chief Financial 
                                           Officer 
     ----------------------------------  ----------------------------------- 
 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 nil par 
       instrument, type of                 value 
 
       Identification Code                 ISIN: AU0000XINAJ0 
     ----------------------------------  ----------------------------------- 
 b)   Nature of the transaction:          Purchase of Ordinary Shares 
     ----------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s):               Price(s)      Volume(s) 
                                             5.15 Pence    230,000 
                                                          ---------- 
     ----------------------------------  ----------------------------------- 
 d)        Aggregated information:        N/A - single transaction 
             *    Aggregated volume        as above 
 
 
             *    Price 
     ----------------------------------  ----------------------------------- 
 e)   Date of the transaction:            19 October 2023 
     ----------------------------------  ----------------------------------- 
 f)   Place of the transaction:           London Stock Exchange 
     ----------------------------------  ----------------------------------- 
 

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October 20, 2023 04:30 ET (08:30 GMT)