Issue of £100,000 Convertible Loan Note

Visum Technologies PLC

17 January 2025

 

17 January 2025

VISUM Technologies Plc

("VISUM Technologies", " VIS" or the "Company")

Issue of £100,000 Convertible Loan Note

VISUM Technologies Plc (AQUIS: VIS) announces that it has raised a total of £100,000 through the issuance of an unsecured Convertible Loan Note ("CLN" or "Loan"). The Company will pay interest on the Loan at an annual rate of 10% per annum, with the redemption date of the 31st of December 2026. Subject to the terms and conditions, the Loan conversion date is at the Lender's discretion within the 3 years from the date of investment, or in the event that the Company is subject to a takeover. The conversion price is set at £0.005 per share.

The funds raised through the issuance of the CLN will be used to cover costs relating to the due diligence on potential acquisitions and towards the working capital of the Company.

The Company also announces that it is in active discussions with investors regarding additional funding to provide further working capital.

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

For further information, please contact:

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

 

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