Last checked at 10 Dec 2012 08:30
Seeing Machines Limited
("Seeing Machines" or the "Company")
ISSUE OF EQUITY
Seeing Machines Limited (AIM: SEE) ), the AIM-listed technology company with a focus on vision based human machine interfaces,announces today that it has issued 3,286,286 new fully paid ordinary shares of no par value ("New Ordinary Shares") to certain Directors, former Directors and senior managers under the July 2010 Executive Share Plan. All shares issued under this plan are based on a salary/fee sacrifice arrangement and have been issued at a price of 2 pence per share.
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 |
David Gaul1 | 241,935 | 3,353,128 | 0.70% |
1. David Gaul's shares are held through his company Jaiclimb Pty Ltd.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission will occur on 12 December 2012. Immediately following the admission of the New Ordinary Shares, the Company will have 480,507,968 ordinary shares in issue.
Enquiries:
Seeing Machines Limited
| Terry Winters, Chairman Ken Kroeger, CEO | +61 (0) 411 411 111 +61 (2) 6103 4700 |
finnCap Ltd | Ed Frisby/Ben Thompson (Corporate Finance) Simon Starr (Corporate Broking) | +44 (0) 20 7220 0500 |
Walbrook PR Ltd | Helen Westaway (Media Enquiries)Paul Cornelius (Investor Enquiries) | +44 (0) 20 7933 8780Helen.westaway@walbrookpr.com Paul.cornelius@walbrookir.com
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