Block Listing Cancellation

RNS Number : 6234F

Seeing Machines Limited

22 February 2018

 

Seeing Machines Limited

Block Listing Cancellation

22 February 2018

Seeing Machines Limited (AIM: SEE) ("Seeing Machines" or the "Company"), an industry leader in computer vision technologies which enable machines to see, understand and assist people, announces that, pursuant to the block listing of 37,161,379 ordinary shares of no par value in the Company (the "Ordinary Shares") announced on 26 June 2017 (the "Block Listing"), the Company has allotted a total of 4,382,720 Ordinary Shares. No further Shares will now be allotted pursuant to the Block Listing, and the Block Listing is hereby cancelled.

8,778,602 options over Ordinary Shares have vested to date under the CEO Long Term Incentive Equity Program, with an exercise price of 3.89 pence per Ordinary Share (the "Options"). These Options will lapse on 26 July 2018. These Options are not included within the final Block Listing and if exercised, will be conditional upon admission.

No further performance rights or options will now vest under the CEO Long Term Incentive Equity Program.

A final block listing return in respect of the Block Listing is set out below:

Name of applicant:		Seeing Machines Limited
Name of scheme:		CEO Long Term Incentive Equity Program
Period of return:	From:	23 December  2017	To:	21 February 2018
Balance of unallotted securities under scheme(s) from previous return:		33,294,273
Plus:  The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):		0
Less:  Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):		515,614
Equals:  Balance under scheme(s) not yet issued/allotted at end of period:		32,778,659
Number and class of securities originally listed and date of admission:		37,161,379 Ordinary Shares admitted on 29 June 2017
IMPORTANT NOTE: This is the final return for this block listing. No further shares will be allotted pursuant to this block listing.

Name of contact:	Andrew Neilson
Telephone number of contact:	[phone]

Enquiries:

Seeing Machines Limited	www.seeingmachines.com  / [phone]
Ken Kroeger, Executive Chairman & Interim CEO Media inquiries	[e-mail] [e-mail]
finnCap Ltd (Nominated Adviser and Joint Broker)	[phone]
Ed Frisby / Emily Watts, Corporate Finance Tim Redfern / Richard Chambers, Corporate Broking
Canaccord Genuity Limited (Joint Broker)	[phone]
Simon Bridges Richard Andrews Alexander Napier

About Seeing Machines

Seeing Machines (LSE: SEE) is an industry leader in computer vision technologies which enable machines to see, understand and assist people. The Company deploys its FOVIO machine learning vision platform to deliver real-time understanding of drivers through AI analysis of heads, faces and eyes for Driver Monitoring Systems (DMS), which monitor driver attention state including drowsiness and distraction. DMS is increasingly considered a core automotive safety technology as well as an enabling technology for ADAS/Autonomous Driving. The Company's pioneering commercial fleet solution (Guardian) delivers an after-market, in-cabin safety intervention system with 24/7 monitoring and cloud analytics services delivered on a telematics SaaS basis. The Company also serves Aviation, Rail and Off-Road markets, and they are seeking to innovate in new markets. Based in Canberra, Australia with the intention to grow in the USA and Europe, the Company delivers multi-platform solutions from embedded software and processors to aftermarket system and service solutions to industry leaders globally. www.seeingmachines.com.

 

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