Last checked at 1 Oct 2019 10:14
1 October 2019
Seeing Machines Limited
Director Share Purchase
Seeing Machines Limited (AIM: SEE) ("Seeing Machines" or the "Company"), the leading provider of AI-enabled driver monitoring technology for improved transport safety, advises that its Chair, Kate Hill, has purchased 1,000,0000 ordinary shares in the Company.
Ms Hill purchased 500,000 shares at 4.50 pence and 500,000 shares at 4.60 pence. Following completion of this transaction, Ms Hill has an interest in 1,550,000 Ordinary Shares, representing 0.05% of the issued share capital of the Company.
Enquiries:
Seeing Machines Limited | +61 2 6103 4700 |
Paul McGlone - CEO Sophie Nicoll - SVP, Corporate Communications |
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Cenkos Securities plc (Nominated Adviser and Broker) Neil McDonald Pete Lynch | +44 131 220 6939 |
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Antenna Group for Seeing Machines (Media Enquiries) |
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SeeingMachines@antennagroup.com |
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This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation
(EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to
be in the public domain.
About Seeing Machines - www.seeingmachines.com
Seeing Machines (LSE: SEE), a global company headquartered in Australia, is an industry leader in computer vision technologies which enable machines to see, understand and assist people. The Company's machine learning vision platform has the know-how to deliver real-time identification and understanding of drivers through Artificial Intelligence (AI) analysis of heads, faces and eyes. This insight enables Driver Monitoring Systems (DMS), which monitor driver/operator identification and attention and can detect drowsiness and distraction across multiple transport sectors.
Seeing Machines develops DMS for the Automotive, Commercial Fleet, Aviation, Rail and Off-Road markets. The Company has offices in Australia, USA, Europe and Asia, and delivers multi-platform solutions to industry leaders in each vertical.
DMS is becoming a core safety technology integrated into ADAS offerings for the automotive industry, particularly with the development of semi-autonomous and self-driving cars. DMS is also increasingly seen to be an integral safety feature across the Commercial Transport & Logistics industry and is set to be become a regulatory requirement for all cars, vans, trucks and buses in Europe from 2022, with the rest of the world expected to follow soon after.
| Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name: | Ms Kate Hill | ||||||||
| Reason for the notification | |||||||||
a) | Position/status: | Non-Executive Chair | ||||||||
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
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| 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 instrument, type of
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||||||
b) | Nature of the transaction: | Issue of performance rights and share options | ||||||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: ·; Aggregated volume: ·; Price: |
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e) | Date of the transaction: | 2019-09-30 | ||||||||
f) | Place of the transaction: | London Stock Exchange | ||||||||