Seeing Machines Limited ("Seeing Machines" or the "Company")
17 March 2023
PDMR / Director 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, announces that on 16 March 2023, Istabraq Pty Limited (Katmai Investments A/C), a person closely associated with the Company's Chief Financial Officer, Martin Ive, purchased a total of 563,588 ordinary shares ("Ordinary Shares") in the Company at a price of 5.90 pence per Ordinary Share.
Following these purchases, Mr Ive is now beneficially interested in 6,092,000 Ordinary Shares, representing 0.15 per cent. of the issued share capital of the Company.
The Notification of Dealing Form required in accordance with UK MAR is set out below.
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
Dentons Global Advisors (Media Enquiries)
+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.
Details of the person discharging managerial responsibilities/person closely associated
Istabraq Pty Limited (Katmai Investments A/C)
Reason for the notification
A person closely associated with the Company's Chief Financial Officer, Martin Ive
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Seeing Machines Limited
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
Description of the financial instrument, type of
Ordinary shares of nil par value
Nature of the transaction:
Purchase of Ordinary Shares
Price(s) and volume(s):
· Aggregated volume
N/A - single transaction as above
Date of the transaction:
16 March 2023
Place of the transaction:
London Stock Exchange