REG - Big Technologies PLC - Transaction in Own Shares

Big TechnologiesAnnouncement

01/04/2025 07:00

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RNS Number : 0170D  Big Technologies PLC  01 April 2025

 1 April 2025
 Big Technologies plc

 ("Big Technologies" or the "Company")

 Transaction in Own Shares

 Big Technologies plc (AIM: BIG), the UK-based remote people monitoring
 technology company, announces that on 31 March 2025 it purchased 373,924
 ordinary shares of £0.01 each in the Company (the "Repurchased Shares"),
 pursuant to the share buyback programme (the "Buyback Programme") that was
 announced on 27 September 2024, as follows (together the "Transaction"):

 Date of purchase                                                               31 March 2025
 Number of ordinary shares purchased                                            373,924
 Highest price paid per ordinary share                                          74.4 pence
 Lowest price paid per ordinary share                                           74.4 pence
 Volume weighted average price paid per ordinary share                          74.4 pence

 The Buyback Programme that was announced on 27 September 2024 has now been
 completed.

 Total Voting Rights

 Following the Transaction, the issued share capital of the Company remains
 unchanged at 298,568,721 and the Company now holds 5,000,000 shares in
 treasury. The total voting rights in the Company is now 293,568,721 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.

 The Company will make further announcements in due course following the
 completion of any further purchases pursuant to the Buyback Programme.

 In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No
 596/2014 details of the purchase of its own ordinary shares by the Company,
 which were all executed through the Company's broker, Zeus Capital Limited,
 are set out below:

 Schedule of Purchases:
 Shares purchased:                      Big Technologies plc  (ISIN: GB00BN2TR932)
 Date of purchases:                     31 March 2025

 Aggregate information:

 Aggregated Volume                      Volume-weighted average price (pence)  Venue
  373,924                               74.4000                                London Stock Exchange

 Individual transactions:

 Volume                                 Price                                  Time
 40,000                                 74.4000 pence                           12:06 UK
 50,000                                 74.4000 pence                           13:33 UK
 50,000                                 74.4000 pence                           14:18 UK
 50,000                                 74.4000 pence                           14:53 UK
 40,000                                 74.4000 pence                           14:55 UK
 77,048                                 74.4000 pence                           14:59 UK
 66,876                                 74.4000 pence                           15:00 UK

 Big Technologies plc                                                          +44 (0) 19 2360 1910
 Daren Morris (Interim Chief Executive Officer)

 Zeus (Nominated Adviser and Sole Broker)                                       +44 (0) 203 829 5000
 Dan Bate / Kieran Russell (Investment Banking)
 Benjamin Robertson (Equity Capital Markets)

 About Big Technologies plc

 Big Technologies is the parent company of Buddi, which was founded in 2005
 following an initial idea to create a GPS device small enough for a child to
 carry. Today, Big Technologies is a proven supplier of innovative and
 high-quality products and services to the remote personal monitoring industry.
 Big Technologies provides products and services under a number of brand and
 trading names, with 'Buddi' being the most well-known and being used in
 respect of activities within the core criminal justice market. Big
 Technologies (under the Buddi brand) has created a leading, integrated
 technology platform (including both hardware and software solutions) for
 remote monitoring of individuals, providing state-of-the-art Electronic
 Monitoring (EM) solutions on a SaaS-like, subscription basis.

 Electronic Monitoring in the criminal justice sector involves utilising
 location technologies to remotely monitor and manage people at all stages of
 the criminal justice system. The Company's focus on the Criminal Justice
 market in the immediate term has been demand-driven, with significant
 opportunities created by a combination of favourable market tailwinds as
 electronic location devices are increasingly recognised as alternatives to
 imprisonment, and superior technological capability enabling the Company to
 meet this demand effectively.

 Big Technologies' criminal justice solution has been iteratively developed
 over a 10-year period, utilising the knowledge of an experienced management
 team listening to customers.  The solution consists of a proprietary software
 platform with modular monitoring hardware, capable of being adapted to
 multiple applications. The Company's criminal justice solution is principally
 focussed around the "Buddi Smart Tag", an electronic monitoring hardware
 device, and "Buddi Eagle", the in-house developed, cloud-based monitoring
 software. Collectively, the hardware and the intelligent tools integrated into
 Big Technologies' software enable real-time tracking of monitored individuals
 with high levels of accuracy and reliability. Buddi evidences a substantial
 reduction in false alerts when compared to competitor systems which, combined
 with the reduction in subsequent investigations, can result in substantial
 cost savings for customers.

 In addition to the high levels of accuracy, the Buddi Smart Tag has several
 key advantages over its competitors' devices. The tag is lighter, smaller, has
 longer battery life and offers a simple, contact free and shorter installation
 process, providing substantial staff cost savings for customers. This superior
 product design, coupled with the intelligent monitoring software, typically
 comes at a small price premium to competitor devices. However, the overall
 effectiveness and reliability of the solution, combined with the substantial
 cost savings delivered as a result of reduced monitoring costs, have helped
 Big Technologies deliver strong revenue growth from both existing and new
 customers. The Company leases its devices and software solutions to customers
 typically based on daily or monthly rates.

 

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