REG - Big Technologies PLC - Director/PDMR Shareholding

Big TechnologiesAnnouncement

05/08/2024 07:00

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RNS Number : 0567Z  Big Technologies PLC  05 August 2024

5 August 2024

Big Technologies plc

("Big Technologies" or the "Company")

Issue of shares, PDMR dealings

and total voting rights

 

Big Technologies plc, the UK-based, remote people monitoring technology
company, announces that 7,918,639 new ordinary shares of 1 pence each
("Ordinary Shares") in Big Technologies ("Ordinary Shares") have been issued
in order to satisfy the exchange of A shares in Buddi Limited into shares in
Big Technologies, following the exercise of the first of three equal tranches
of put options under the Buddi Limited Growth Share Plan ("Put Options") (as
set out in paragraph 13.5 of Part V of the Big Technologies Admission Document
dated 26 July 2021 (the "Admission Document")).  The Put Options over the A
shares in Buddi Limited were exercised following satisfaction of the Share
Price Criteria (which is based on the average closing Big Technologies share
price over any period of 30 days before the third anniversary of the date of
the Company's admission to trading on AIM) and the Time Criteria, which are
set out in the Admission Document (the Time Criteria being the third
anniversary of the date of the Company's admission to trading on AIM).

The Put Options were exercised by Sara Murray (Chief Executive Officer), Daren
Morris (Chief Financial Officer) and Charles Lewinton (Chief Technology
Officer). Following the Put Option exercise, the below Directors have
increased their aggregate holdings from 25.5% to 27.4% of the issued share
capital of the Company. The below table details their respective interests in
the share capital of the Company.

 

 Director          Ordinary Shares held previously  % of total issued share capital  Number of Ordinary Shares issued  Resulting total number of Ordinary shares held  % of enlarged issued share capital
 Sara Murray       73,400,000                       25.3%                            5,543,047                         78,943,047                                      26.4%

CEO
 Daren Morris      350,000                          0.1%                             1,187,796                         1,537,796                                       0.5%

CFO
 Charles Lewinton  229,456                          0.1%                             1,187,796                         1,417,252                                       0.5%

COO

The remaining two tranches of put options in respect of A Shares in Buddi
Limited may be exchanged for shares in the Company on the fourth and fifth
anniversary respectively of the date of the Company's admission to trading on
AIM. The terms of the Buddi Growth Share Plan are set out in the Admission
Document.

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 8 August 2024. 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 298,568,721 ordinary shares of 1 pence each with one voting right
per share. This figure may be used by shareholders in the Company 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, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

For further information please contact:

 

 Big Technologies                              +44 (0) 19 2360 1910
 Sara Murray (Chief Executive Officer)

 Daren Morris (Chief Financial Officer)

 +44 (0) 20 3829 5000
 Zeus (Nominated Adviser and Sole Broker)                        +44 (0) 20 3829 5000
 Dan Bate / Kieran Russell (Investment Banking)

 Benjamin Robertson (Equity Capital Markets)

 

 

The notification set out below is provided in accordance with the requirements
of Article 19 of the UK Market Abuse Regulation.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

   1.    Details of the person discharging managerial responsibilities/person closely
         associated
   a)    Name                                                           Sara Murray
   2.    Reason for the notification
   a)    Position/status                                                CEO
   b)    Initial notification/Amendment                                 Initial notification
   3     Details of the issuer, emission allowance market participant, auction
         platform, auctioneer or auction monitor
   a)    Name                                                           Big Technologies PLC
   b)    LEI                                                            2138001GM2MZ6I2D1W29
   4     Details of the transaction(s): section to be repeated for (i) each type of
         instrument; (ii) each type of transaction; (iii) each date; and (iv) each
         place where transactions have been conducted
   a)    Description of the financial instrument, type of instrument    Ordinary shares of £0.01 each

         Identification code

                                                                        ISIN: GB00BN2TR932
   b)    Nature of the transaction                                      Exchange of A shares in Buddi Limited into shares in Big Technologies plc
   c)    Price(s) and volume(s)                                          Price(s)                       Volume(s)

                                                                         £Nil                             5,543,047

   d)    Aggregated information                                         Price                              Volume

                                                                          £Nil                             5,543,047

   e)    Date of the transaction                                        2 August 2024
   f)    Place of the transaction                                       Outside a trading venue

 

   1.    Details of the person discharging managerial responsibilities/person closely
         associated
   a)    Name                                                           Daren Morris
   2.    Reason for the notification
   a)    Position/status                                                CFO
   b)    Initial notification/Amendment                                 Initial notification
   3     Details of the issuer, emission allowance market participant, auction
         platform, auctioneer or auction monitor
   a)    Name                                                           Big Technologies PLC
   b)    LEI                                                            2138001GM2MZ6I2D1W29
   4     Details of the transaction(s): section to be repeated for (i) each type of
         instrument; (ii) each type of transaction; (iii) each date; and (iv) each
         place where transactions have been conducted
   a)    Description of the financial instrument, type of instrument    Ordinary shares of £0.01 each

         Identification code

                                                                        ISIN: GB00BN2TR932
   b)    Nature of the transaction                                      Exchange of A shares in Buddi Limited into shares in Big Technologies plc
   c)    Price(s) and volume(s)                                          Price(s)                        Volume(s)

                                                                         £Nil                              1,187,796

   d)    Aggregated information                                         Price                              Volume

                                                                         £Nil                              1,187,796

   e)    Date of the transaction                                        2 August 2024
   f)    Place of the transaction                                       Outside a trading venue

 

   1.    Details of the person discharging managerial responsibilities/person closely
         associated
   a)    Name                                                           Charles Lewinton
   2.    Reason for the notification
   a)    Position/status                                                COO
   b)    Initial notification/Amendment                                 Initial notification
   3     Details of the issuer, emission allowance market participant, auction
         platform, auctioneer or auction monitor
   a)    Name                                                           Big Technologies PLC
   b)    LEI                                                            2138001GM2MZ6I2D1W29
   4     Details of the transaction(s): section to be repeated for (i) each type of
         instrument; (ii) each type of transaction; (iii) each date; and (iv) each
         place where transactions have been conducted
   a)    Description of the financial instrument, type of instrument    Ordinary shares of £0.01 each

         Identification code

                                                                        ISIN: GB00BN2TR932
   b)    Nature of the transaction                                      Exchange of A shares in Buddi Limited into shares in Big Technologies plc
   c)    Price(s) and volume(s)                                          Price(s)                       Volume(s)

                                                                         £Nil                              1,187,796

   d)    Aggregated information                                         Price                              Volume

                                                                         £Nil                              1,187,796

   e)    Date of the transaction                                        2 August 2024
   f)    Place of the transaction                                       Outside a trading venue

 

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