Seeing Machines Limited Director/PDMR Shareholding (5060S)
November 06 2023 - 6:26AM
UK Regulatory
TIDMSEE
RNS Number : 5060S
Seeing Machines Limited
06 November 2023
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
Stifel Nicolaus Europe Limited (Nominated
Adviser and Broker) +44 20 7710 7600
Alex Price
Nick Adams
Fred Walsh
Ben Burnett
Dentons Global Advisors (Media Enquiries)
James Styles
Jonathon Brill
Methuselah Tanyanyiwa
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 Ordinary shares of nil par
value
Identification Code
ISIN: AU0000XINAJ0
------------------------------------------------------- --------------------------------------
b) Nature of the transaction: Purchase of Ordinary Shares
------------------------------------------------------- --------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
5.37 Pence 500,000
----------
5.38 Pence 250,000
----------
5.40 Pence 448,020
----------
5.40 Pence 250,000
----------
------------------------------------------------------- --------------------------------------
d) Aggregated information: Aggregate Price Volume(s)
* Aggregated volume 5.4 Pence 1,448,020
----------
* Price
------------------------------------------------------- --------------------------------------
e) Date of the transaction: 3 November 2023
------------------------------------------------------- --------------------------------------
f) Place of the transaction: London Stock Exchange
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END
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