Seeing Machines Chair Increases Stake with Significant Share Purchase

Seeing Machines ( (GB:SEE) ) has issued an update.

Seeing Machines Limited announced that Dunford Super Fund Pty Ltd, associated with the company’s Chair, Kate Hill, purchased 500,000 ordinary shares at 2.40 pence each. This transaction increases Ms. Hill’s beneficial interest to 5,500,000 shares, representing 0.1% of the company’s issued share capital. This move signifies confidence in the company’s strategic direction and may positively influence stakeholder perception and market positioning.

More about Seeing Machines

Seeing Machines Limited, founded in 2000 and headquartered in Australia, is a global leader in vision-based monitoring technology. The company specializes in AI-powered operator monitoring systems designed to enhance transport safety across various sectors, including Automotive, Commercial Fleet, Off-road, and Aviation. With a strong presence in Australia, USA, Europe, and Asia, Seeing Machines provides cutting-edge technology solutions to industry leaders, focusing on delivering reliable real-time understanding of vehicle operators through its Driver Monitoring Systems (DMS).

YTD Price Performance: -56.04%

Average Trading Volume: 7,378,176

Technical Sentiment Signal: Buy

Current Market Cap: £107.6M

Learn more about SEE stock on TipRanks’ Stock Analysis page.