Visum Technologies PLC Services Agreement and Change of Reference Date (7353T)

TIDMVIS

RNS Number : 7353T

Visum Technologies PLC

26 July 2022

26 July 2022

Visum Technologies Plc

("VISUM" or the "Company")

Framework Services Agreement Signed - 360 Chicago

and

Change of Accounting Reference Date

Visum Technologies Plc (AQSE: VIS), a video technology company focused on the global leisure market, is pleased to announce that it has signed a Framework Services Agreement ("the agreement") with Digiphoto Entertainment Imaging LLC ("DEI").

DEI provides imaging services and solutions across 16 countries. DEI has regional offices in Orlando, Mumbai, Hong Kong, Singapore, Malaysia, and Shanghai and is headquartered in Dubai.

The agreement provides for Visum to supply a custom video system at TILT, Chicago's Highest Thrill Ride at the 360 Chicago Observation Deck at the former John Hancock Center. The Agreement lasts until the expiration or termination of the Imaging Service Agreement between DEI and Montparnasse 56 Chicago LLC, whereby DEI has the right to provide souvenir photography services and to sell the images captured and other products to all guests at 360 Chicago.

Visum CEO Marc Dixon said, "I am pleased to partner with Digiphoto for our first attraction in America. DigiPhoto has a long history of providing souvenir imaging at attractions worldwide, including the iconic 360 CHICAGO Observation Deck."

Visum is also pleased to announce that it will be changing its accounting reference and financial year end from 28 February to 30 June. The Company confirms that there is no material change from the audited information in the admission document until the Company started trading after IPO.

As a result of the change in accounting reference date to 30 June, the Company's next three financial reporting events will be as follows:

-- Publication of audited accounts for the 16 months to 30 June 2022, no later than 31 December 2022

-- Publication of unaudited interim accounts for the 6 months to 31 December 2022, no later than 30 April 2023

-- Publication of audited accounts for the 12 months to 30 June 2023, no later than 31 December 2023

This announcement contains information which, prior to its disclosure, constituted inside information as stipulated under Regulation 11 of the Market Abuse (Amendment)(EU Exit) Regulations 2019/310 (as amended).

The directors of Visum Technologies Plc accept responsibility for this announcement.

For further information please contact:

 
 Visum Technologies 
  Marc Dixon, Chief Executive         [e-mail] 
  Officer 
  Mike Stilwell, Chief Financial 
  Officer 
 First Sentinel Corporate Finance   [e-mail] 
  Limited                            [phone] 
  (AQSE Corporate Adviser) 
  Brian Stockbridge 
                                   ----------------------------------- 
 

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July 26, 2022 02:00 ET (06:00 GMT)