Visum Technologies - GM Results and Completion of Acquisition

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

10 June 2025

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

General Meeting Results, Completion of Acquisition,

Issue of shares, Board changes and PDMRs

Visum Technologies Plc (AQSE: VIS), a video technology firm specializing in the worldwide leisure sector, is pleased to announce it held its General Meeting ("GM") at 12:00 p.m. (London Time) on 9^th June 2025 at Capital Plus Partners Ltd, 49 St James Street, London, SW1A 1JT. All resolutions set out in the Company's Notice of General Meeting dated 23 May 2025 were proposed and approved.

Completion of Acquisition 

As announced on 16 May 2025, the Company entered into a binding Share Purchase Agreement ("SPA") to acquire 100% of the share capital of C&C Gordan Ltd ("C&C"), for a total consideration of £414,000 ("the Acquisition"). The Company agreed to satisfy the consideration for the Acquisition in ordinary shares of £0.001 of the Company ("Ordinary Shares"), to be issued at £0.005 each. Thus, in connection with the Acquisition, the Company would be issuing a total of 82,800,000 Ordinary Shares ("Consideration Shares").

Following the passing of resolutions at the GM held yesterday, the Company has issued the Consideration Shares, and the Acquisition will be completed on the admission of the Consideration Shares to trading on the AQSE Growth Market. 

Debt Settlement

Additionally, the Company has converted the £103,833 loan note and accrued interests (announced on 17 January 2025) into equity at a price of £0.0015 per share (the "Issue Price"), by issuing 69,222,000 Ordinary Shares at £0.001 per share ("Loan Note Shares"). 

Furthermore, the Company has settled outstanding debt by issuing 72,799,943 Ordinary Shares ("Settlement Shares") at £0.0065 per share. 

Admission and Total Voting Rights

Application will be made for the Consideration Shares, Loan Note Shares, and Settlement Shares to be admitted to trading on the AQSE Growth Market ("Admission"). Dealings are expected to commence on or around 16 June 2025. 

Following Admission, the Company's total issued and voting share capital will consist of 276,971,801 Ordinary Shares. The Company doesn't hold any ordinary shares in treasury.

The above figures may be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Board Changes

The following proposed Board appointments and changes will take effect immediately. 

-          Barry Cushley joins the Board as Non-Executive Chairman. 

-          Paul Kennedy remains on the board as an Independent Non-Executive Director. 

-          Andy Edge resigned as director.

The Company are delighted to announce the appointment of Barry Cushley as the new Director.

A highly accomplished property professional and visionary entrepreneur, Barry brings over 25 years of diverse experience across multiple industries. His journey began in professional football, where he developed core qualities of discipline, teamwork, and resilience-traits that have underpinned his entrepreneurial achievements. Throughout his career, Barry has earned a reputation for identifying opportunities and driving innovation across various sectors.

The following information is provided for the purpose of Rule 4.9 of the AQSE Growth Market Access Rulebook.

Save as set out in this announcement, there are no further details to be disclosed pursuant to Rule 4.9 of the Aquis Growth Market Access Rulebook.

Marc Dixon, Chief Executive Officer, commented:

"I am pleased to announce that the acquisition of C&C Gordan Ltd. has been formally approved by the Board of Directors and shareholders of Visum Technologies. This marks a pivotal milestone in our growth as we continue our journey to become the global leader in video capture technology for the travel and leisure industry.

I am also delighted to welcome Barry Cushley as our new Chairman of the Board. Barry brings a wealth of experience and strategic insight, and we look forward to his leadership and guidance as we shape the future of Visum Technologies.

I would also like to express my heartfelt thanks to Andy Edge for his unwavering support and dedication over the past four years. Andy's contributions have been instrumental in getting us to where we are today.

Exciting times lie ahead for Visum Technologies."

Related Party Transaction

As the existing Directors are to receive Ordinary Shares in lieu of accrued salaries and/or settlement fees following the GM, this debt settlement transaction is considered a related party transaction under the Aquis Stock Exchange Rules. Having exercised reasonable care, skill and diligence, the Directors of Visum consider the terms of the debt settlement to be fair and reasonable as far as the shareholders of Visum are concerned. Each of the Directors to receive Ordinary Shares in relation to their accrued salaries was excluded from voting in relation to the issuance of their respective share allocation.

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

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