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Seeing Machines Limited applied for the admission to trading on AIM of 37,161,419 new Ordinary Shares, related to historical exercises of options in 2018 due to a clerical error. Dealings are expected to commence around 24 December 2024. Following admission, the Company's total voting rights will be 4,271,645,483 Ordinary Shares.
| Date | 19 Dec 2024 |
| Time | 07:00:06 |
| Category | Capital structure |
| ID | 6681Q |
19 December 2024
Seeing Machines Limited
("Seeing Machines" or the "Company")
Issue of Equity and Total Voting Rights
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, due to a clerical error, an application has been made to the London Stock Exchange for 37,161,419 new Ordinary Shares to be admitted to trading on AIM ("Admission") which relates to historical exercises of options, in 2018, for which applications had not been accurately accounted for, with dealings expected to commence at 8.00 a.m. on or around 24 December 2024. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
Following Admission, the total issued share capital of the Group will be 4,271,645,483 Ordinary Shares with no Ordinary Shares held in treasury. Therefore, the total number of voting rights in the Group post Admission will be 4,271,645,483 and this figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in Seeing Machines.
Enquiries:
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Seeing Machines Limited |
+61 2 6103 4700 |
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Paul McGlone - CEO Sophie Nicoll - Corporate Communications |
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Stifel Nicolaus Europe Limited (Nominated Adviser and Broker) |
+44 20 7710 7600 |
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Alex Price Fred Walsh Ben Good Sarah Wong |
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DGA Group (Media Enquiries) James Styles Matthias Jarosz |
+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.