Business
Block Listing Cancellation
Block Listing Cancellation.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n \nRNS Number : 6234F Seeing Machines Limited 22 February 2018 \n\nSeeing Machines Limited\nBlock Listing Cancellation\n \n22 February 2018\nSeeing Machines Limited (AIM: SEE) (\"Seeing Machines\" or the \"Company\"), an industry leader in computer vision technologies which enable machines to see, understand and assist people, announces that, pursuant to the block listing of 37,161,379 ordinary shares of no par value in the Company (the \"Ordinary Shares\") announced on 26 June 2017 (the \"Block Listing\"), the Company has allotted a total of 4,382,720 Ordinary Shares. No further Shares will now be allotted pursuant to the Block Listing, and the Block Listing is hereby cancelled.\n8,778,602 options over Ordinary Shares have vested to date under the CEO Long Term Incentive Equity Program, with an exercise price of 3.89 pence per Ordinary Share (the \"Options\"). These Options will lapse on 26 July 2018. These Options are not included within the final Block Listing and if exercised, will be conditional upon admission. \nNo further performance rights or options will now vest under the CEO Long Term Incentive Equity Program.\nA final block listing return in respect of the Block Listing is set out below: \n \n\n\n\n\nName of applicant:\n\n\nSeeing Machines Limited\n\n\n\n\nName of scheme:\n\n\nCEO Long Term Incentive Equity Program\n\n\n\n\nPeriod of return:\n\n\nFrom:\n\n\n23 December 2017\n\n\nTo:\n\n\n21 February 2018\n\n\n\n\nBalance of unallotted securities under scheme(s) from previous return:\n\n\n33,294,273\n\n\n\n\nPlus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):\n\n\n0\n\n\n\n\nLess: Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):\n\n\n515,614\n\n\n\n\nEquals: Balance under scheme(s) not yet issued/allotted at end of period:\n\n\n32,778,659\n\n\n\n\nNumber and class of securities originally listed and date of admission:\n\n\n37,161,379 Ordinary Shares admitted on 29 June 2017\n\n\n\n\nIMPORTANT NOTE: This is the final return for this block listing. No further shares will be allotted pursuant to this block listing.\n\n\n\n \n \n \n \n \n\n\n\n \n\n\n\n\nName of contact:\n\n\nAndrew Neilson\n\n\n\n\nTel...