Business
Issue of Equity
Issue of Equity.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 4622T\n Seeing Machines Limited\n 24 November 2021\n \n \n \n \n 24 November 2021\n \n \n Seeing Machines Limited\n \n \n (\"Seeing Machines\", the \"Company\")\n \n \n Issue of Equity\n \n \n \n \n \n Seeing Machines Limited (AIM: SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety\n , announces that following the release of its annual results for the 12 months to 30 June 2021 earlier today, it has issued and allotted 18,181,818 ordinary shares (the \"New Shares\") to \n Lombard Odier Asset Management (Europe). Lombard Odier Asset Management (Europe)'s intention to apply for the New Shares was highlighted in the Company's recent equity fundraising, details of which were first announced on 22 November 2021 (the \"Fundraise\").\n \n \n \n \n \n The participation by Lombard Odier Asset Management (Europe) in the Fundraise constitutes a related party transaction for the purposes of the AIM Rules. The independent directors of the Company (for these purposes being Kate Hill, Paul McGlone, John Murray, Gerhard Vorster and Yong Kang Ng), having consulted with the Company's nominated adviser, Stifel, consider that the terms of the related party transaction are fair and reasonable insofar as shareholders are concerned.\n \n \n \n \n \n An application has been made for the New Shares to be admitted to trading on the AIM Market on or around 30 November 2021 (\"Admission\").\n \n \n \n \n \n Total Voting Rights\n \n \n \n \n \n Following Admission, the total issued share capital of the Company will be 4,152,741,296 Ordinary Shares with no Ordinary Shares held in treasury. Therefore, the total number of voting rights in the Group post Admission will be 4,152,741,296 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.\n \n \n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n Seeing Machines Limited \n \n \n \n \n +61 2 6103 4700\n \n \n \n \n \n \n Paul McGlone - CEO\n \n \n \n Sophie Nicoll - Corporate Communications\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Stifel Nicolaus Europe Lim...