Business
Result of EGM
Result of EGM.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n \nRNS Number : 5295W Seeing Machines Limited 30 December 2013 \n \n\n \n30 December 2013\nSeeing Machines Limited\n(\"Seeing Machines\" or the \"Company\")\n \nResults of EGM\nCompletion of Placing\nSeeing Machines Limited (AIM:SEE), the AIM-listed technology company with a focus on computer vision based operator monitoring and intervention technology and services, is pleased to announce the results of the Extraordinary General Meeting which took place earlier today at its Australian office. All resolutions were approved by shareholders (as set out in the table below) and the Second Tranche of 230 million placing shares, as announced by the Company on 29 November 2013, has now been approved and will be issued on 31 December 2013.\n \n\n\n\n\n\n\n\nResolution 1\n\n\n\n\n\nResolution 2\n\n\n\n\n\nResolution 3\n\n\n\n\n\nResolution 4\n\n\n\n\n\nResolution 5\n\n\n\n\n\n\n\n\n\n\n\n\n\n%age\n\n\n\n\n\n%age\n\n\n\n\n\n%age\n\n\n\n\n\n%age\n\n\n\n\n\n%age\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\n\n\n\n\n\n\n\n\n\nVotes for\n\n\n 183,711,174 \n\n\n99.86\n\n\n 181,661,174 \n\n\n98.74\n\n\n 188,559,841 \n\n\n99.71\n\n\n 169,987,341 \n\n\n99.77\n\n\n 188,714,841 \n\n\n98.64\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\n\n\n\n\n\n\n\n\n\nVotes against\n\n\n 260,000 \n\n\n0.14\n\n\n 2,310,000 \n\n\n1.26\n\n\n 544,000 \n\n\n0.29\n\n\n 389,000 \n\n\n0.23\n\n\n 2,594,000 \n\n\n1.36\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\n\n\n\n\n\n\n\n\n\nTotal Shares Voted\n\n\n 183,971,174 \n\n\n100\n\n\n 183,971,174 \n\n\n100\n\n\n 189,103,841 \n\n\n100\n\n\n 170,376,341 \n\n\n100\n\n\n 191,308,841 \n\n\n100\n\n\n\n\n \n \nThe net proceeds of the total capital raising will provide the Company with working capital and further flexibility to pursue its development strategy. The Company plans to allocate capital to develop and promote its mine site solution through Caterpillar Global Mining and to grow a greater presence in the road transport, aviation safety and, over time, consumer electronics markets, alongside key partners.\n \nKen Kroeger, the Company's CEO, and James Walker, Chief Financial Officer, have participated in the Second Tranche of the Placing. Their participation and...