RNS Number : 2721E
Seeing Machines Limited
28 June 2023
 

 

Seeing Machines Limited

 

28 June 2023

 

PDMR 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, was notified on 28 June 2023 that Lombard Odier Asset Management (Europe) Limited ("LAOME"), a person closely associated with the Company's Non-Executive Director, Michael Brown, acting in its capacity as discretionary investment manager for the account and on behalf of funds or accounts managed by it and/or as agent of Lombard Odier Asset Management (USA) Corp, acting as discretionary investment manager for the account and on behalf of funds or accounts managed by them has traded in the ordinary shares of Seeing Machines as set out below:

 

27 June 2023          Bought 200,000 ordinary shares at 5.46p

27 June 2023          Bought 1,000,000 ordinary shares at 5.46p

 

Following this transaction LOAME holds  639,327,965 ordinary shares, representing 15.40% of the Company's issued share capital.

 

Enquiries:

 

Seeing Machines Limited

+61 2 6103 4700

Paul McGlone - CEO

Sophie Nicoll - Corporate Communications

 

 

 

Stifel Nicolaus Europe Limited (Nominated Adviser and  Broker)

+44 20 7710 7600

Alex Price

Fred Walsh

Nick Adams

Ben Burnett

 

 

 

Dentons Global Advisors (Media Enquiries)

James Styles
Jonathon Brill

seeingmachines@dentonsglobaladvisors.com

+44 20 7664 5095

 

 

 

 

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:

Lombard Odier Asset Management (Europe)

Limited


Reason for the notification

a)

Position/Status:

A person closely associated with the Company's Non-Executive Director, Michael Brown

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)

5.46 Pence

200,000

5.46 Pence

1,000,000

d)

Aggregated information:

·      Agrregated volume

·      Price

 

 

Aggregated Total

Volume(s)

£65,570.40

1,200,000

e)

Date of the transaction:

27 June 2023

f)

Place of the transaction:

London Stock Exchange

 

 

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