Business
Subscription by Directors & Senior Management
Subscription by Directors & Senior Management.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n \nRNS Number : 6574T Seeing Machines Limited 22 March 2019 \n\n22 March 2019\n \nSeeing Machines Limited\n \nConditional Subscription by Directors and Senior Management\n \nSeeing Machines Limited (AIM: SEE) (\"Seeing Machines\" or the \"Company\"), the advanced computer vision technology Group that designs AI-powered operator monitoring systems to improve transport safety, announces that, further to the announcement of a conditional placing and subscription to raise gross proceeds of £27.5 million (approximately AUD$51.3 million) on 20 March 2019 (the \"Fundraising Announcement\"), certain members of the Board and senior management team of the Company have subsequently entered into subscription agreements with the Company to conditionally purchase a total of 8,941,667 new Ordinary Shares of no par value (the \"Management Subscription Shares\") at a price of three (3) pence per Ordinary Share, raising a further £268,250 for the Company (the \"Management Subscriptions\").\n \nThe following Directors / PDMRs have subscribed in the following amounts as part of the Management Subscriptions:\n \n\n\n\n\nDirector / PDMR\n\n\nPosition\n\n\nNew Ordinary Shares Subscribed For \n\n\nShareholding Following Admission 1\n\n\n% Shareholding Following Admission 1\n\n\n\n\nJack Boyer\n\n\nChairman\n\n\n666,667\n\n\n666,667\n\n\n0.02%\n\n\n\n\nLes Carmichael\n\n\nNon-Executive Director\n\n\n1,266,667\n\n\n1,696,654\n\n\n0.05%\n\n\n\n\nRudy Burger\n\n\nNon-Executive Director\n\n\n250,000\n\n\n856,383\n\n\n0.02%\n\n\n\n\nKate Hill 2\n\n\nNon-Executive Director\n\n\n550,000\n\n\n550,000\n\n\n0.02%\n\n\n\n\nLuke Oxenham 3\n\n\nChief Financial Officer\n\n\n100,000\n\n\n100,000\n\n\n0.00%\n\n\n\n\nRyan Murphy\n\n\nChief Operating Officer\n\n\n275,000\n\n\n275,000\n\n\n0.01%\n\n\n\n\nNick DiFiore\n\n\nGM, Automotive\n\n\n3,333,333\n\n\n3,333,333\n\n\n0.10%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n1. Subject to shareholder approval at the General Meeting for the issue of a total of 925,608,334 new Ordinary Shares in relation to the Placing, the VSI Subscriptions and the Management Subscription, and assuming the Offer is fully taken up and no Ordinary Shares are issued between the date of this announcement and the General Meeting\n2. &nbs...