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28 Apr 2011 13:44
28 April 2011
SEEING MACHINES LIMITED
DIRECTOR & Senior Manager SHARE AWARDS
Seeing Machines Limited (AIM:SEE), a leading developer of advanced computer based imaging software systems announces that it has today issued 767,099 new fully paid ordinary shares ("New Ordinary Shares") to certain Directors and senior managers under the July 2010 Executive Share Plan which was approved at the Annual General Meeting in November 2010. All shares issued under the plan are based on a salary/fee sacrifice arrangement.
Under the plan the Directors' received shares as follows:
Director | Number of New Ordinary Shares | Holding following receipt of New Ordinary Shares | Percentage holding following receipt of New Ordinary Shares |
Robert Charles Sale 1 | 120,724 | 5,487,808 | 1.34% |
Nicholas John Cerneaz2 | 188,631 | 2,049,044 | 0.50% |
David John Gaul 3 | 60,362 | 2,020,948 | 0.49% |
Trent William Victor | 60,362 | 236,236 | 0.06% |
1. Robert Sales shares are 2,745,715 shares held in the name of Caffe Pty Ltd ATF the R C Sale Superannuation Fund, 2,621,369 shares held by Robert's wife Paula Kay Sale and 120,724 shares held in his own name.
2. Nicholas John Cerneaz holds 1,467,332 shares through Cenika Pty Ltd ATF Cenika Super Fund and 581,712 in his own name.
3. David Gaul holds 2,020,948 shares through his company Jaiclimb Pty Limited.
Under the Plan the following senior managers received shares as follows:
Senior Manager | Role | Number of New Ordinary Shares | Holding following receipt of New Ordinary Shares | Percentage holding following receipt of New Ordinary Shares |
Belinda Burgess 4 | COO & Company Secretary | 186,116 | 2,401,550 | 0.59% |
Timothy Edwards | Principal Engineer | 75,452 | 21,681,316 | 5.30% |
Sebastien Rougeaux | Principal Research Scientist | 75,452 | 22,174,792 | 5.42% |
4. Belinda Burgess holds 965,870 shares in her own name and 1,435,680 shares in the names Belinda Burgess and Jennifer Kruse as trustees for the Meg & Susie Super Fund.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission will occur and that dealings will commence at 8.00 a.m. on 6 May 2011. Immediately following admission of the New Ordinary Shares, the Company will have 408,908,546 fully paid ordinary shares on issue.
Enquiries:
Seeing Machines Limited | Nick Cerneaz, CEO +61 (0) 2 6103 4700 |
Daniel Stewart & Company plc | Oliver Rigby +44 (0) 20 7776 6550 |
Walbrook PR Ltd | Bob Huxford +44 (0) 20 7933 8783 Helen Westaway +44 (0) 20 7933 8790 |
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