REG - Big Technologies PLC - Litigation Update

Big TechnologiesAnnouncement

21/03/2025 11:15

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RNS Number : 7010B  Big Technologies PLC  21 March 2025

21 March 2025

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

Big Technologies plc

("Big Technologies" or the "Company" and the "Group")

Litigation Update

Further to the announcement released by the Company at 12:51 p.m. on 18 March
2025 (the "18 March Announcement"), the Company provides the following update
on the Litigation (as defined in the 18 March Announcement) and other matters
arising from its investigations.

 

The Company's further investigations have resulted in the Board becoming aware
of information which means that the Company can no longer rely on the
statement signed by Sara Murray on behalf of the Company in the Litigation,
where that relates to her interests in, and relationship with, Zinc Limited,
Monitoring Partners Limited, RCP Limited and Romelle Limited.  Together,
these four entities held ordinary shares in the Company ("BIG Shares") at the
time of the Company's Admission to AIM on 28 July 2021 ("Admission")
representing approximately 17.7% of the issued share capital of the Company at
that time.

 

As part of its continuing investigations, the Company has asked Sara Murray to
clarify the exact nature of her interests in and relationship with the four
entities referred to above.

Sarah Murray held BIG Shares at Admission representing approximately 25.3% of
the Company's issued share capital at Admission.  Since that time she has
made a number of purchases of BIG Shares and has been issued further BIG
Shares pursuant to the Company's Growth Share Plan, resulting in her current
direct holding representing 26.8% of the current issued share capital of the
Company.

 

In light of the information from its further investigations, the Company is
considering its position in relation to the Litigation as well as other steps
which it may be appropriate to take, including the possibility of claims or
actions against and in relation to Sara Murray and others.

 

In the meantime, the company's investigations in relation to Sara Murray's
conduct continue and the Company will provide further updates as
appropriate.

For further information please contact:

 

 Big Technologies                                  +44 (0) 19 2360 1910
 Alexander Brennan (Interim Chairman)

 Daren Morris (Interim Chief Executive Officer)
 Zeus (Nominated Adviser and Sole Broker)          +44 (0) 20 3829 5000
 Dan Bate / Kieran Russell (Investment Banking)

 Benjamin Robertson (Equity Capital Markets)

 

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