REG - Big Technologies PLC - Board Change and Issue of Shares

Big TechnologiesAnnouncement

06/08/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250806:nRSF1171Ua&default-theme=true

RNS Number : 1171U  Big Technologies PLC  06 August 2025

 

 

Big Technologies plc

 

("Big Technologies" or the "Company", and together with its subsidiaries, the
"Group")

 

 

Board Change and Issue of Shares

 

RICKMANSWORTH - 6 August 2025: Big Technologies plc (AIM: BIG), a leading
provider of electronic monitoring solutions for criminal justice and remote
care, announces that, to continue the recent evolution and balance of the
Board, specifically with regard to improving governance practices and
structures, Charles Lewinton, COO, has agreed to stand down from the Board
with immediate effect. Charles will continue as the Group's COO and a member
of its executive team.

The Board believes this change will deliver a better balance between Executive
and Non-Executive Directors and establish clearer lines of responsibility and
accountability.

 

Issue of Shares

The Group separately announces that 1,187,796 new ordinary shares of 1
pence each  in Big Technologies ("Ordinary Shares") have been issued to
Charles Lewinton in order to satisfy the exchange of A shares in Buddi
Limited into shares in Big Technologies, following the
remaining exercise of the second tranche of put options under the Buddi
Limited Growth Share Plan (the "Put Option") (as set out in paragraph 13.5 of
Part V of the Big Technologies Admission Document dated 26 July 2021 (the
"Admission Document")). This exercise of the Put Option follows the
satisfaction of the Time Criteria, which is set out in the Admission Document
(the Time Criteria being the fourth anniversary of the date of the Company's
admission to trading on AIM).

Admission and Total Voting Rights

Application has been made for the new Ordinary Shares to be admitted to AIM,
with the admission date expected to be 11 August 2025. On admission, the
shares will rank pari passu in all respects with the existing Ordinary Shares
of the Company. The Company's total issued share capital
following admission will consist of 300,944,313 ordinary shares of 1 pence
each. The Company now holds 5,000,000 shares in treasury. The total voting
rights in the Company is now 295,944,313 which may be used by shareholders as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, Big
Technologies under the FCA's Disclosure Guidance and Transparency Rules.

Alexander Brennan, Chairman said: "This change, together with the recent
addition of Sangita Shah as a Non-Executive Director, will improve the
structure and balance of our Board".

Ian Johnson, CEO said: "I look forward to continuing to work closely with
Charles, executing the Group's strategy for growth, developing new and
improved products and building our business in the Americas".

 

Enquiries

 Big Technologies plc                                +44 (0) 192 360 1910
 Alexander Brennan (Chairman)
 Ian Johnson (Chief Executive Officer)
                                                      +44 (0) 203 829 5000

 Zeus (Nominated Adviser and Joint Broker)
 Dan Bate / Kieran Russell (Investment Banking)
 Benjamin Robertson (Equity Capital Markets)

 Singer Capital Markets (Joint Broker)               +44 (0) 207 496 3000
 James Moat / James Todd (Investment Banking)

 

-Ends-

 

About

Big Technologies is a market leader in the remote personal monitoring
industry, operating under the trusted 'Buddi' brand. The Company delivers
innovative, high-quality solutions that combine advanced hardware and software
to support the monitoring of individuals in both the criminal justice and
remote care sectors.

Through its integrated technology platform, Big Technologies offers
state-of-the-art Electronic Monitoring solutions on a subscription-based,
SaaS-like model. This platform is highly flexible and scalable, enabling
tailored deployments across diverse use cases and geographies.

The Company's core technologies are designed to meet the evolving needs of
governments, agencies, and care providers, ensuring safety, compliance, and
peace of mind through reliable, real-time monitoring.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAPKPBKOBKDCFK