We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Seeing Machines Limited | LSE:SEE | London | Ordinary Share | AU0000XINAJ0 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.185 | 4.40% | 4.39 | 4.30 | 4.34 | 4.505 | 4.185 | 4.295 | 7,555,243 | 16:35:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computer Related Svcs, Nec | 57.77M | -15.55M | -0.0037 | -11.62 | 178.71M |
TIDMSEE
RNS Number : 9927S
Seeing Machines Limited
22 March 2021
22 March 2021
Seeing Machines Limited
Issue of shares and total voting rights
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, annouces that it has issued 68,403,430 new ordinary shares of no par value each (the "New Ordinary Shares") to US based Toronado Fund, LP, at a price of 10.5 pence per New Ordinary Share, raising gross proceeds of approximately US$10 million (the "Purchase"). The Purchase, conducted at a premium, was introduced and arranged by Beech Hill Securities.
The net proceeds of the Purchase further strengthens the Company's balance sheet and is expected to fund the business through to profitability.
Application will 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 8.00 a.m. on 26 March 2021.
Total Voting Rights
Following Admission, the Company's issued and fully paid share capital will consist of 3,805,617,804 ordinary shares, all of which carry one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company will be 3,805,617,804. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Paul McGlone, CEO of Seeing Machines, commented: "We warmly welcome Toronado as a shareholder, and are delighted that a second high quality US investor has chosen to invest in our Company, underpinning our strategy to broaden the representation of institutions on our register. The capital raised will enable Seeing Machines to develop and collaborate on additional growth opportunities which are incremental to our core plans.
"Following initial interest from the US late last year, we continue to see increasing enthusiasm around driver monitoring technology and, in particular, Seeing Machines' growing market opportunity."
Enquiries:
Seeing Machines Limited +61 2 6103 4700 Paul McGlone - CEO Sophie Nicoll - Corporate Communications Cenkos Securities plc (Nominated Adviser and Broker) Neil McDonald Pete Lynch +44 131 220 6939 Stifel Nicolaus Europe Limited (Joint Broker) +44 20 7710 7600 Alex Price Nick Adams
This announcement contains inside information. The person responsible for arranging the release of this announcement on behalf of Seeing Machines is Sophie Nicoll, SVP, Corporate Communications.
Seeing Machines (LSE: 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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
IOEPPUPPWUPGUQP
(END) Dow Jones Newswires
March 22, 2021 03:00 ET (07:00 GMT)
1 Year Seeing Machines Chart |
1 Month Seeing Machines Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions