Visum Technologies to acquire C&C Gordon in share deal

LONDON - Visum Technologies Plc (AQSE:VIS), a company specializing in capture technology for the leisure sector, announced today it has entered into a Share Purchase Agreement (SPA) to acquire C&C Gordon Ltd, a UK-based shared workspace provider with a focus on app development and AI-integrated workspaces. The acquisition, valued at £414,000, will be fully satisfied through the issuance of 82.8 million new ordinary shares at £0.005 each.

The transaction is contingent upon successful due diligence, regulatory approvals, and shareholder consent, with a Long Stop Date set for June 30, 2025. There is no certainty that the acquisition, which is expected to enhance Visum’s video technology capabilities and accelerate innovation, will be completed. Should the acquisition proceed, C&C founder Barry Michael Cushley will join the Visum board as Chairman, with the current Non-executive Chairman Andy Edge stepping down.

In addition to the acquisition, Visum is negotiating a debt conversion with creditors, which may result in the issuance of approximately 142 million ordinary shares, subject to shareholder approval. A General Meeting will be convened to seek approval for both the acquisition and the debt conversion, with details to be announced later.

Visum’s CEO Marc Dixon expressed enthusiasm about the potential integration of C&C, citing opportunities for advanced solutions and industry leadership. Cushley also conveyed optimism about contributing to Visum’s growth and sustainable profitability.

The information in this announcement, previously considered inside information, is now public following its release through a Regulatory Information Service.

Visum Technologies, listed on the AQSE Growth Market, is known for its proprietary technology in real-time digital content capture and distribution, targeting the global leisure industry. The company remains on the lookout for complementary technologies to bolster its offerings and market reach. This proposed acquisition of C&C Gordon is part of that strategic initiative.

The announcement is based on a press release statement from Visum Technologies.

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