Visum Technologies PLC Termination of Proposed Transaction
April 17 2024 - 9:48AM
RNS Regulatory News
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:
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END
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