Seeing Machines Limited PDMR Shareholding (4907U)
March 28 2023 - 6:28AM
UK Regulatory
TIDMSEE
RNS Number : 4907U
Seeing Machines Limited
28 March 2023
Seeing Machines Limited
28 March 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 27 March 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:
24 March 2023 Bought 2,000,000 ordinary shares at 5.54p
Following this transaction LOAME holds 632,777,965 ordinary
shares, representing 15.24% 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 Ordinary shares of nil par
instrument, type of value
Identification Code ISIN: AU0000XINAJ0
---------------------------------- -----------------------------------
b) Nature of the transaction: Purchase of Ordinary Shares
---------------------------------- -----------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
5.54 Pence 2,000,000
----------
---------------------------------- -----------------------------------
d) Aggregated information: N/A - single transaction
* Agrregated volume as above
* Price
---------------------------------- -----------------------------------
e) Date of the transaction: 24 March 2023
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f) Place of the transaction: London Stock Exchange
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END
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(END) Dow Jones Newswires
March 28, 2023 06:28 ET (10:28 GMT)
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