Seeing Machines Limited PDMR Shareholding (4907U)

TIDMSEE

RNS Number : 4907U

Seeing Machines Limited

28 March 2023

Seeing Machines Limited

28 March 2023

PDMR 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, was notified on 27 March 2023 that Lombard Odier Asset Management (Europe) Limited ("LAOME"), a person closely associated with the Company's Non-Executive Director, Michael Brown, acting in its capacity as discretionary investment manager for the account and on behalf of funds or accounts managed by it and/or as agent of Lombard Odier Asset Management (USA) Corp, acting as discretionary investment manager for the account and on behalf of funds or accounts managed by them has traded in the ordinary shares of Seeing Machines as set out below:

   24 March 2023          Bought 2,000,000 ordinary shares at 5.54p 

Following this transaction LOAME holds 632,777,965 ordinary shares, representing 15.24% of the Company's issued share capital.

Enquiries:

 
 Seeing Machines Limited                       [phone] 
 Paul McGlone - CEO 
  Sophie Nicoll - Corporate Communications 
 
 Stifel Nicolaus Europe Limited (Nominated 
  Adviser and Broker)                         [phone] 
 Alex Price 
  Fred Walsh 
  Nick Adams 
  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:                               Lombard Odier Asset Management 
                                           (Europe) 
                                           Limited 
     ----------------------------------  ----------------------------------- 
      Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/Status:                    A person closely associated 
                                           with the Company's Non-Executive 
                                           Director, Michael Brown 
     ----------------------------------  ----------------------------------- 
 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) 
                                             5.54 Pence    2,000,000 
                                                          ---------- 
     ----------------------------------  ----------------------------------- 
 d)        Aggregated information:        N/A - single transaction 
             *    Agrregated volume        as above 
 
 
             *    Price 
     ----------------------------------  ----------------------------------- 
 e)   Date of the transaction:            24 March 2023 
     ----------------------------------  ----------------------------------- 
 f)   Place of the transaction:           London Stock Exchange 
     ----------------------------------  ----------------------------------- 
 

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March 28, 2023 06:28 ET (10:28 GMT)