10:00 Mon 23 Nov 2020
Seeing Machines Ltd - Share Transfer & Issue of Performance Rights
Seeing Machines Limited
Share Transfer and Issue of Performance 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, advises that 1,604,166 Ordinary Shares currently held by Seeing Machines Executive Share Plan Trust (the "Trust") have been transferred to Non-Executive Directors as part of their remuneration for FY2019.
Under the Company's Remuneration Policy, Non-Executive Directors are entitled to receive a portion of their annual remuneration (between the value of
| Director | New Shares Issued | New Total Shareholding | Percent of total voting rights |
| | 375,000 | 2,112,080 | 0.06 |
| | 187,500 | 980,963 | 0.03 |
| | 375,000 | 2,445,813 | 0.07 |
| Yong Kong NG | 375,000 | 2,160,349 | 0.06 |
| | 109,375 | 109,375 | 0.003 |
| | 182,291 | 182,291 | 0.005 |
Following the transfers outlined above, the Trust holds 39,800,562 Ordinary Shares in the Company, representing 1.06 per cent of the total voting rights of the Company.
Further, Seeing Machines has awarded performance rights in respect of a total of 29,964,495 Ordinary Shares ("Performance Rights") to a total of 63 staff under the Company's Long Term Incentive ("LTI") scheme. The Performance Rights vest annually over the following three years, in equal tranches. Awards under the LTI scheme are based on achievement of Company objectives specified in FY2020.
Of the 29,964,495 Performance Rights issued to staff under the LTI scheme, a total of 1,180,204 Performance Rights have been issued to
Enquiries:
| Seeing Machines Limited | +61 2 6103 4700 |
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| Cenkos Securities plc (Nominated Adviser and Broker)
| +44 131 220 6939 |
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| Stifel Nicolaus Europe Limited (Joint Broker) | +44 20 7710 7600 |
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About Seeing Machines (LSE: SEE), a global company founded in 2000 and headquartered in
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Ms | ||||
| | Reason for the notification | |||||
| a) | Position/status: | Non-Executive Director | ||||
| 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
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
| b) | Nature of the transaction: | Issue of shares in lieu of fees | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
| e) | Date of the transaction: | | ||||
| f) | Place of the transaction: | Outside a trading location | ||||
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Mr | ||||
| | Reason for the notification | |||||
| a) | Position/status: | Non-Executive Director | ||||
| 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
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
| b) | Nature of the transaction: | Issue of shares in lieu of fees | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
| e) | Date of the transaction: | | ||||
| f) | Place of the transaction: | Outside a trading location | ||||
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Mr | ||||
| | Reason for the notification | |||||
| a) | Position/status: | Non-Executive Director | ||||
| 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
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
| b) | Nature of the transaction: | Issue of shares in lieu of fees | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
| e) | Date of the transaction: | | ||||
| f) | Place of the transaction: | Outside a trading location | ||||
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Mr | ||||
| | Reason for the notification | |||||
| a) | Position/status: | Non-Executive Director | ||||
| 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
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
| b) | Nature of the transaction: | Issue of shares in lieu of fees | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
| e) | Date of the transaction: | | ||||
| f) | Place of the transaction: | Outside a trading location | ||||
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | | ||||
| | Reason for the notification | |||||
| a) | Position/status: | Non-Executive Director | ||||
| 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
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
| b) | Nature of the transaction: | Issue of shares in lieu of fees | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
| e) | Date of the transaction: | | ||||
| f) | Place of the transaction: | Outside a trading location | ||||
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | | ||||
| | Reason for the notification | |||||
| a) | Position/status: | Non-Executive Director | ||||
| 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
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
| b) | Nature of the transaction: | Issue of shares in lieu of fees | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
| e) | Date of the transaction: | | ||||
| f) | Place of the transaction: | Outside a trading location | ||||
11 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | | ||||
| | Reason for the notification | |||||
| a) | Position/status: | CFO | ||||
| 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
Identification Code
| Ordinary shares of nil par value
ISIN: AU0000XINAJ0 | ||||
| b) | Nature of the transaction: | Issue of Performance Rights | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
| e) | Date of the transaction: | | ||||
| f) | Place of the transaction: | Outside a trading location | ||||
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