Last checked at 20 Jan 2017 08:35
Seeing Machines Limited
("Seeing Machines" or the "Company")
Result of Australian and Overseas Offers
and Total Voting Rights
20 January 2017
Seeing Machines Limited (AIM: SEE), the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services, is pleased to announce that, further to its announcement on 13 December 2016, valid acceptances of the Australian and Overseas Offers (the "Offers") have been received in respect of £1.4 million (approximately AUD 2.3 million) through the issue of 35,695,382 new Ordinary Shares (the "Offer Shares") at a price of 4 pence per Ordinary Share. The Offer follows an earlier successful fundraising of £15 million.
Application has been made for the Offer Shares to be admitted to trading on AIM and admission is expected to occur on 25 January 2017 ("Admission").
Following Admission, the Company will have 1,486,455,161 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights will therefore be 1,486,455,161 and shareholders may use this figure as the denominator for calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in the ordinary share capital of the Company.
Terms defined in the announcement published by the Company on 13 December 2016 shall have the same meaning in this announcement unless the context requires otherwise.
Enquiries:
Seeing Machines Limited | www.seeingmachines.com / +61 2 6103 4700 |
Ken Kroeger, Managing Director and CEO | Ken.Kroeger@seeingmachines.com |
Media inquiries | marketing@seeingmachines.com
|
finnCap Ltd, Broker for Seeing Machines | |
Ed Frisby / Emily Watts, Corporate Finance | +44 20 7220 0500 |
Joanna Scott, Corporate Broking
| |
Newgate, Investment Communications for Seeing Machines | |
Bob Huxford
Adam Lloyd | Tel: +44 20 7653 9848 / Mob: +44 7469 154 806 Bob.huxford@newgatecomms.com
Tel: +44 20 7653 9842 / Mob: +44 7966 609 084 Adam.loyd@newgatecomms.com |
About Seeing Machines
Seeing Machines, (AIM: SEE) is focused on operator monitoring and intervention sensing technologies and services. With more than 15 years of experience, Seeing Machines uses advanced detection and prevention safety assistance technologies to track eye and facial movement in order to monitor fatigue, drowsiness and distraction events, such as microsleeps, texting and cell phone use as they occur, while providing for a real-time intervention strategy, which improves operator, driver and environmental safety, preserves assets, and reduces risk. Seeing Machines' technology is used worldwide across the automotive, mining, transport and aviation industries; as well as many of the leading academic research groups and transportation authorities. Seeing Machines is headquartered in Australia and has offices in Tucson, Arizona and Mountain View, California. The Company counts Caterpillar, Electro Motive Diesel, Progress Rail, Boeing, Takata, SEMCo, and Eye Tracking Inc among its partners.