31 December 2024
Seeing Machines Limited
PDMR/PCA
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 31
December 2024 that Lombard Odier Asset Management (Europe) Limited
("Lombard"), an entity
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 on 24 December sold
159,652,749 ordinary shares of Seeing Machine at 4.09 pence per
share.
Following this transaction Lombard
holds 485,230,164 ordinary shares,
representing 9.87% of the Company's issued share capital.
Paul McGlone, CEO of Seeing Machines,
commented:
"As detailed in the announcement on 23 December, Mitsubishi
Electric Mobility has purchased the abovementioned shares from
Lombard Odier as part of their desire to achieve 19.9% ownership in
the Company, in accordance with the Australian Corporations Act.
Accessing a portion of shares from our largest longstanding
shareholder assisted in this process and demonstrates Lombard's
recognition of the significance of the agreement entered into by
Seeing Machines and Mitsubishi. We are grateful to Lombard
Odier for their support in effecting this milestone transaction
and I look forward to continuing to work with Michael Brown, who
remains on our board as a non-executive director, and our enlarged
shareholder base to deliver significant value".
Enquiries:
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Seeing Machines Limited
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+61 2 6103
4700
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Paul McGlone - CEO
Sophie Nicoll - Corporate
Communications
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Stifel (Nominated Adviser and Broker)
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+44 20 7710
7600
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Alex Price
Fred Walsh
Ben Good
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DGA
Group (Media Enquiries)
James Styles
Methuselah Tanyanyiwa
Matthias Jarosz
seeingmachines@dgagroup.com
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+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.
www.seeingmachines.com
The below notification, made in
accordance with the requirements of the EU Market Abuse Regulation,
provides further detail on the transaction.
Notification and public disclosure
of transactions by persons discharging managerial responsibilities
and persons closely associated with them
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Details of the person discharging managerial
responsibilities/person closely associated
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a)
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Name:
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Lombard Odier Asset Management
(Europe) Limited
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Reason for the notification
|
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a)
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Position/Status:
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A person closely associated with the
Company's Non-Executive Director, Michael Brown
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b)
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Initial
notification/Amendment:
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Initial notification
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a)
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Name:
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Seeing Machines Limited
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b)
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LEI:
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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
|
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a)
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Description of the financial
instrument, type of
Identification Code
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Ordinary shares of nil par
value
ISIN: AU0000XINAJ0
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b)
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Nature of the
transaction:
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Sale of Ordinary Shares
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c)
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Price(s) and volume(s):
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Price(s)
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Volume(s)
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4.09 Pence
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159,652,749
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d)
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Aggregated information:
· Aggregated volume
· Price
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N/A - single transaction
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e)
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Date of the transaction:
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24 December 2024
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f)
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Place of the transaction:
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London Stock Exchange
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