Visum Technologies PLC Termination of Proposed Transaction

RNS Number : 0171L

Visum Technologies PLC

17 April 2024

 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

17 April 2024

VISUM TECHNOLOGIES PLC
("Visum" or the "Company")

Termination of Proposed Transaction

 

Visum Technologies Plc (AQSE: VIS), a video capture technology company with a global focus on the leisure sector, announces that, in relation to the Heads of Terms ("HoT") to acquire the Socrates Imaging BV and Socrates Imaging Ltd. ("Proposed Transaction"), the parties by mutual agreement decided to discontinue negotiations and terminate the HoT with immediate effect.

 

The Company remains committed to further M&A activity as previously announced and will provide further updates when suitable.

 

The directors of Visum accept responsibility for this announcement.

 

ENDS

 

About Visum Technologies

Visum Technologies Plc (AQSE: VIS) is a capture technology firm primarily focusing on the global leisure market. Their mission is revolutionizing capture technology, initially targeting specialized niches within the leisure industry. Visum captures, generates, and distributes branded, real-time digital content. They do this through a combination of proprietary hardware and software solutions that can be distributed and shared on all leading social media platforms. Whenever Visum identifies complementary technologies that can enhance its core offerings, expand its global presence, or facilitate entry into new markets, they are open to partnerships or acquisitions. For more information, please visit www.visumtechnologies.net.

 

               

For further information, please contact:

 

 

Visum Technologies Marc Dixon, Chief Executive Officer	[e-mail] 011 [phone]
First Sentinel Corporate Finance Limited (AQSE Corporate Adviser) Brian Stockbridge	[e-mail] [phone]

 

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