Seeing Machines Chair Increases Stake
Why we think this is neutral
This RNS announcement is a routine director dealing, which does not contain any significant business updates or financial information. While it is positive to see the Chair increasing their stake, this type of news typically does not have a major impact on the company's operations or outlook.
Key Points
- Dunford Super Fund Pty Ltd, a person closely associated with Seeing Machines' Chair Kate Hill, purchased 500,000 ordinary shares
- Ms Hill now holds 5,500,000 ordinary shares, representing 0.1% of the issued share capital
Summary
The Chair of Seeing Machines has purchased additional shares in the company.
Seeing Machines Limited (AIM: SEE) has announced that Dunford Super Fund Pty Ltd, a person closely associated with the company's Chair Kate Hill, has purchased 500,000 ordinary shares in Seeing Machines at a price of 2.40 pence per share. Following this purchase, Ms Hill is now beneficially interested in 5,500,000 ordinary shares, representing 0.1% of the issued share capital of the company.
DIRECTOR DEALINGS