Seeing Machines Limited
6 November 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 6 November 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 today traded in the ordinary shares of Seeing Machine as set out below:
3 November 2023 Bought 500,000 ordinary shares at 5.37p
Bought 250,000 ordinary shares at 5.38p
Bought 448,020 ordinary shares at 5.40p
Bought 250,000 ordinary shares at 5.40p
Following this transaction LOAME holds 644,632,913 ordinary shares, representing 15.52% of the Company's issued share capital.
Enquiries:
| Seeing Machines Limited | +61 2 6103 4700 | |
| Paul McGlone - CEO Sophie Nicoll - Corporate Communications |
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| Stifel Nicolaus Europe Limited (Nominated Adviser and Broker) | +44 20 7710 7600 | |
| Alex Price Nick Adams Fred Walsh Ben Burnett |
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| Dentons Global Advisors (Media Enquiries) James Styles Methuselah Tanyanyiwa | +44 20 7664 5095
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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.
| | 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
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| | 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):
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| d) | Aggregated information: · Aggregated volume · Price |
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| e) | Date of the transaction: | 3 November 2023 | ||||||||||
| f) | Place of the transaction: | London Stock Exchange | ||||||||||
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