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Investegate |Adams PLC Announcements | Adams PLC: Investment in Seeing Machines Limited


Investment in Seeing Machines Limited ( Seeing Machines )
The Directors announce that, on 6 May 2021, Adams purchased 8 million ordinary shares of no par value in Seeing Machines on the AIM market of the London Stock Exchange at an average price of 11.35 pence per share for a total cash consideration of £908,000.
The Company s holding of 8,000,000 ordinary sharesin Seeing Machines represents 0.21% of the currently issued ordinary share capital of Seeing Machines of 3,805,617,804 shares. Following this investment, the Company will have cash balances of approximately £3.19 million.
About Seeing Machines
Seeing Machines is an industry leader in advanced computer vision technologies and designs AI-powered Operator Monitoring Systems to improve transport safety in automotive, commercial fleet, aviation, rail and off-road markets. The company has pioneered such technology through algorithm development, extensive behavioural research and d ....

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