Full details on the Seeing Machines Ltd corporate action, including instructions on how to participate, the options available to you, and any deadline applicable.
Seeing Machines Ltd

Seeing Machines Ltd – Offer for Subscription

Corporate action reference: 201700026

Please note we must be in receipt of your instruction by 17:00 on 12 January 2017.

If you would like further information about the terminology used in this notification, please visit our Ask a Question site

EVENT TERMS

Record Date: 12 December 2016 (18:00)

Subscription price per new share: GBP 0.04

Australian and Overseas offer to raise up to GBP 2 million at an issue price of GBP 0.04 per share. In respect of the Overseas offer qualifying shareholders (with registered addresses in the United Kingdom or Ireland) are holders on the register as at 18:00 on 12 December 2016.

The maximum amount to be raised under the Australian offer and Overseas offer combined will be GBP 2 million. If the aggregate amount applied for under the offers exceeds GBP 2 million applications will be scaled back at the director’s discretion.

As you hold your shares with a nominee you may have your election scaled back by a greater or lesser percentage than you would if you held your shares in your own name.

EVENT OPTIONS

Option 1: Securities Option

Please remember to quote corporate action reference: 201700026

Option 2: No Action (Default)

IF YOU WISH TO TAKE NO ACTION, OPTION 2, PLEASE DO NOT REPLY.

ADDITIONAL INFORMATION

Please ensure there are sufficient funds available by 17:00 on 12 January 2017. The amount due will be taken from your account within 10 business days of this date. Please be aware that if funds are not available, your CMS account will become overdrawn for a couple of days until, if applicable, your Direct Debit Instruction is cleared and debit interest may be charged.

We expect to receive the new shares on or around 25 January 2017. We will aim to update your account within five business days of receiving the new shares.

Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.

By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.

Please note that this page does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.

If you are an ISA or SIPP client your options may differ.

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