Last checked at 23 Nov 2020 10:00
23 November 2020
Seeing Machines Limited
Share Transfer and Issue of Performance Rights
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, advises that 1,604,166 Ordinary Shares currently held by Seeing Machines Executive Share Plan Trust (the "Trust") have been transferred to Non-Executive Directors as part of their remuneration for FY2019.
Under the Company's Remuneration Policy, Non-Executive Directors are entitled to receive a portion of their annual remuneration (between the value of A$15,000 to A$30,000) in shares. The number of Ordinary Shares received by each individual was calculated at an issue price of 4 pence per Ordinary Share, being the average daily VWAP over the 5 trading days to 30 September 2019.
Director | New Shares Issued | New Total Shareholding | Percent of total voting rights |
Kate Hill | 375,000 | 2,112,080 | 0.06 |
Rudy Burger | 187,500 | 980,963 | 0.03 |
Les Carmichael | 375,000 | 2,445,813 | 0.07 |
Yong Kong NG | 375,000 | 2,160,349 | 0.06 |
Gerhard Vorster | 109,375 | 109,375 | 0.003 |
John Murray | 182,291 | 182,291 | 0.005 |
Following the transfers outlined above, the Trust holds 39,800,562 Ordinary Shares in the Company, representing 1.06 per cent of the total voting rights of the Company.
Further, Seeing Machines has awarded performance rights in respect of a total of 29,964,495 Ordinary Shares ("Performance Rights") to a total of 63 staff under the Company's Long Term Incentive ("LTI") scheme. The Performance Rights vest annually over the following three years, in equal tranches. Awards under the LTI scheme are based on achievement of Company objectives specified in FY2020.
Of the 29,964,495 Performance Rights issued to staff under the LTI scheme, a total of 1,180,204 Performance Rights have been issued to Naomi Rule, CFO.
Enquiries:
Seeing Machines Limited | +61 2 6103 4700 |
Paul McGlone - CEOSophie Nicoll - Corporate Communications | |
Cenkos Securities plc (Nominated Adviser and Broker) Neil McDonaldPete Lynch | +44 131 220 6939 |
Stifel Nicolaus Europe Limited (Joint Broker) | +44 20 7710 7600 |
Alex PriceNick Adams |
About Seeing Machines (LSE: 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
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Ms Kate Hill | ||||
| Reason for the notification | |||||
a) | Position/status: | Non-Executive Director | ||||
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 instrument, type of
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
b) | Nature of the transaction: | Issue of shares in lieu of fees | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 18 November 2020 | ||||
f) | Place of the transaction: | Outside a trading location | ||||
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Mr Rudy Burger | ||||
| Reason for the notification | |||||
a) | Position/status: | Non-Executive Director | ||||
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 instrument, type of
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
b) | Nature of the transaction: | Issue of shares in lieu of fees | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 18 November 2020 | ||||
f) | Place of the transaction: | Outside a trading location | ||||
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Mr Les Carmichael | ||||
| Reason for the notification | |||||
a) | Position/status: | Non-Executive Director | ||||
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 instrument, type of
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
b) | Nature of the transaction: | Issue of shares in lieu of fees | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 18 November 2020 | ||||
f) | Place of the transaction: | Outside a trading location | ||||
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Mr Yong Kong NG | ||||
| Reason for the notification | |||||
a) | Position/status: | Non-Executive Director | ||||
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 instrument, type of
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
b) | Nature of the transaction: | Issue of shares in lieu of fees | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 18 November 2020 | ||||
f) | Place of the transaction: | Outside a trading location | ||||
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Gerhard Vorster | ||||
| Reason for the notification | |||||
a) | Position/status: | Non-Executive Director | ||||
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 instrument, type of
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
b) | Nature of the transaction: | Issue of shares in lieu of fees | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 18 November 2020 | ||||
f) | Place of the transaction: | Outside a trading location | ||||
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | John Murray | ||||
| Reason for the notification | |||||
a) | Position/status: | Non-Executive Director | ||||
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 instrument, type of
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
b) | Nature of the transaction: | Issue of shares in lieu of fees | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 18 November 2020 | ||||
f) | Place of the transaction: | Outside a trading location | ||||
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Naomi Rule | ||||
| Reason for the notification | |||||
a) | Position/status: | CFO | ||||
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 instrument, type of
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
b) | Nature of the transaction: | Issue of Performance Rights | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 20 November 2020 | ||||
f) | Place of the transaction: | Outside a trading location | ||||