The Company’s business is to own and operate an on-ride video and photographic camera system that it sells and/or licenses to customers (being theme parks, ride manufacturers, souvenir imaging providers, and other leisure operators). The camera system operates in extreme conditions and provides a fully integrated digital solution for Customers to allow ride visitors to buy unique video and photographic content created for them when using such rides. This gives Customers an additional revenue stream for their Business and improved rider satisfaction as well as visitor-led social media marketing for the customer. The acquired content is shared digitally with visitors’ online friends and contacts. The Directors believe that the Company’s camera system is the market-leading ‘on-ride’ fully integrated video and photo souvenir system available to theme parks.
The Company was incorporated as Visum Technologies Limited and registered in England and Wales under the Companies Act 2006 on 18 February 2021 as a private limited company with company registration number 13211334 and LEI 98450080N42Z0014Y193. On 07 June 2021, it re-registered as a public company and changed its name to Visum Technologies plc. The Company currently has operations in Germany and Finland.
The Directors intend, as far as possible, given the size of the Company, to comply with the UK Corporate Governance Code, but in any case, where appropriate, will follow the Quoted Companies Alliance (QCA), Corporate Governance Code (QCA Code) for small and mid-size quoted companies. The Directors have carefully considered the QCA guidelines which endorse the “comply or explain” approach and which represent the minimum best practice for smaller quoted companies.
The Ordinary Shares have not been and will not be registered under the US Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction of the United States or under applicable securities laws of Australia, Canada, Japan or the Republic of South Africa. Subject to certain exceptions, the Ordinary Shares may not be, offered, sold, resold, transferred or distributed, directly or indirectly, within, into or in the United States or to or for the account or benefit of persons in the United States, Australia, Canada, Japan, the Republic of South Africa or any other jurisdiction where such offer or sale would violate the relevant securities laws of such jurisdiction.