Director/PDMR Shareholding

RNS Number : 8328N

Seeing Machines Limited

25 January 2023

 

Seeing Machines Limited ("Seeing Machines" or the "Company")

25 January 2023

PDMR / Director Dealing

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, announces that on 24 January 2023, Istabraq Pty Limited (Katmai Investments A/C), a person closely associated with the Company's Chief Financial Officer, Martin Ive, purchased a total of 400,000 ordinary shares ("Ordinary Shares") in the Company at a price of 6.7 pence per Ordinary Share, and 274,987 Ordinary Shares at a price of 6.65 pence per Ordinary Share.

Following these purchases, Mr Ive is now beneficially interested in 3,574,987 Ordinary Shares, representing 0.09 per cent. of the issued share capital of the Company.

The Notification of Dealing Form required in accordance with UK MAR is set out below.

Enquiries:

Seeing Machines Limited	[phone]
Paul McGlone - CEO Sophie Nicoll - Corporate Communications
Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)		[phone]
Alex Price Nick Adams Ben Burnett
Dentons Global Advisors (Media Enquiries) James Styles Jonathon Brill [e-mail]	[phone]

About Seeing Machines (AIM: 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

	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Istabraq Pty Limited (Katmai Investments A/C)
	Reason for the notification
a)	Position/Status:	A person closely associated with the Company's Chief Financial Officer, Martin Ive
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:	Purchase of Ordinary Shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 6.70 Pence 400,000 6.65 Pence 274,987
d)	Aggregated information: · Agrregated volume · Price 	Aggregate Total Volume(s) £45,086.64 674,987
e)	Date of the transaction:	24 January 2023
f)	Place of the transaction:	London Stock Exchange

 

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