Transfer of Ordinary Shares

RNS Number : 7139Y

Seeing Machines Limited

23 August 2018

 

23 August 2018 

Transfer of Ordinary Shares

Seeing Machines Limited (AIM: SEE) ("Seeing Machines" or the "Group"), the advanced computer vision technology company that designs AI powered operator monitoring systems to improve transport safety, announces that 8,778,602 Ordinary Shares currently held by Seeing Machines Executive Share Plan Trust ("the Trust") have today been transferred to a former employee of the Group pursuant to the exercise of options over Ordinary Shares.  The trustee of the Trust is Seeing Machines Executive Share Plans Pty Ltd - a wholly owned subsidiary of the Group.

Following this transfer, a total of 21,273,080 Ordinary Shares continue to be held by the Trust, representing 0.9 per cent. of the current issued share capital of Seeing Machines.

Enquiries:

Seeing Machines Limited www.seeingmachines.com Ken Kroeger, Executive Chairman & CEO Sophie Nicoll - VP, Marketing & Communications	[phone]
Cenkos Securities plc (Nominated Adviser and Joint Broker) Neil McDonald/Beth McKiernan/Pete Lynch	[phone]
Canaccord Genuity Limited (Joint Broker) Simon Bridges/Richard Andrews/Alexander Napier	[phone]
Instinctif Partners Adrian Duffield/Kay Larsen/Chantal Woolcock	[phone]

About Seeing Machines

Seeing Machines (LSE: SEE), a global company headquartered in Australia, is an industry leader in computer vision technologies which enable machines to see, understand and assist people. The Company's machine learning vision platform has the know-how to deliver real-time understanding of drivers through Artificial Intelligence (AI) analysis of heads, faces and eyes. This insight enables Driver Monitoring Systems (DMS), which monitor driver/operator attention and can identify drowsiness and distraction across multiple transport sectors.

Seeing Machines develops DMS for the Automotive, Commercial Fleet, Aviation, Rail and Off-Road markets. The Company has offices in Australia, USA, Europe and Asia, and delivers multi-platform solutions ranging from embedded software and processors to aftermarket system and service solutions to industry leaders in each vertical.

DMS is now considered a core safety technology for the Automotive industry, particularly with the development of semi-autonomous and self-driving cars. DMS is also increasingly seen to be an integral safety feature across the Commercial Transport & Logistics industry globally. 

www.seeingmachines.com.

 

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