Issue of Equity

RNS Number : 1191T

Seeing Machines Limited

10 December 2012

 



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	[phone] [phone]
finnCap Ltd	Ed Frisby/Ben Thompson (Corporate Finance) Simon Starr (Corporate Broking)	[phone]
Walbrook PR Ltd	Helen Westaway (Media Enquiries) Paul Cornelius (Investor Enquiries)	+44 (0)  20 7933 8780 [e-mail] [e-mail]

 

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