REG - Big Technologies PLC - Notice of Requisition of a General Meeting

Big TechnologiesAnnouncement

26/09/2025 07:00

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RNS Number : 9138A  Big Technologies PLC  26 September 2025

26 September 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", together with its subsidiaries the
"Group")

Notice of Requisition of a General Meeting

 

The Board of Big Technologies plc (AIM: BIG), a leading provider of electronic
monitoring solutions, today announces that it has received a notice from
Andrew Richer, Neudi Kapital AB, Swing Limited and Corbridge Holdings Limited
(the "Requisitioners") requiring the convening of a general meeting of the
Company (the "Requisitioned Meeting") to consider resolutions:

-     to remove Alexander Brennan, the Company's Chairman, from the Board,
and

-   to appoint James Graham Matheson to the board as a director and Chairman
of the Company with immediate effect.

The Board is currently verifying whether the requisition is valid and the
accuracy of the shareholdings detailed below.

The Requisitioners have provided the Company with a copy of a document
containing irrevocable undertakings from the Requisitioners, Sara Murray,
Judith Murray, Peter Lawson, David George and various other individuals (the
"Supporting Members") to vote in favour of the resolutions they have requested
be put to the Requisitioned Meeting.

The shares in the Company that the Supporting Members claim to hold are as
follows:

 Supporting Member                                                             Number of shares held in the Company in respect of which irrevocable  Number of shares held as a percentage of the aggregated shareholding of the  Number of shares held as a percentage of the current total voting rights of
                                                                               undertakings have been given                                          Supporting Members                                                           the Company
 Sara Murray                                                                   77,583,047                                                            61.0%                                                                        26.22%
 Neudi Kapital AB                                                              31,066,900                                                            24.4%                                                                        10.50%
 Peter Lawson                                                                  8,614,000                                                             6.8%                                                                         2.91%
 David George                                                                  5,071,343                                                             4.0%                                                                         1.71%
 Swing Limited (represented by its corporate directors, Affinity Nominees      1,879,500                                                             1.5%                                                                         0.64%
 Limited and Affinity Trust)
 Corbridge Holdings Limited (represented by its corporate directors, Affinity  1,627,750                                                             1.3%                                                                         0.55%
 Nominees Limited and Affinity Trust)
 Judith Murray                                                                 600,000                                                               0.5%                                                                         0.20%
 Various other individuals                                                     646,482                                                               0.5%                                                                         0.22%

 

As previously announced by the Company, the voting rights attached to the
shares in the Company held by Romelle Limited, RCP Limited, Zinc Limited and
Monitoring Partners Limited were suspended by the Company on 10 June 2025,
pursuant to notices that the Company served on certain persons, including Sara
Murray, under article 48.9 of the Company's articles of association  In light
of the ongoing suspension of those voting rights, the Supporting Members
together hold approximately 51.95% of the active voting rights in the Company.

Shareholders are advised to take no action at this stage and a further
announcement will be made in due course.

 

For further information please contact:

 Big Technologies plc                                +44 (0) 19 2360 1910
 Alexander Brennan (Chairman)
 Ian Johnson (Chief Executive Officer)

 Zeus (Nominated Adviser and Joint Broker)            +44 (0) 203 829 5000
 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)

 

About Big Technologies

Our mission is to deliver innovative, high-quality electronic monitoring
solutions that combine advanced hardware and software to support monitoring of
individuals in our core criminal justice business. Big Technologies is a
market leader in the electronic monitoring industry, operating under the
trusted 'Buddi' brand. Through its integrated technology platform, Buddi
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.

For more information, please visit www.buddi.com (http://www.buddi.com)

Forward-looking statements

This announcement contains certain projections and other forward-looking
statements with respect to the financial condition, results of operations,
businesses and prospects of Big Technologies PLC. The use of terms such as
"may", "will", "should", "expect", "anticipate", "project", "estimate",
"intend", "continue", "target" or "believe" and similar expressions (or the
negatives thereof) are generally intended to identify forward-looking
statements. These statements are based on current expectations and involve
risk and uncertainty because they relate to events and depend upon
circumstances that may or may not occur in the future. There are a number of
factors that could cause actual results or developments to differ materially
from those expressed or implied by these forward-looking statements. Any of
the assumptions underlying these forward-looking statements could prove
inaccurate or incorrect and therefore any results contemplated in the
forward-looking statements may not actually be achieved. Nothing contained in
this announcement should be construed as a profit forecast or profit estimate.
Investors or other recipients are cautioned not to place undue reliance on any
forward-looking statements contained herein. Big Technologies PLC undertakes
no obligation to update or revise (publicly or otherwise) any forward-looking
statement, whether as a result of new information, future events or other
circumstances.

 

-Ends-

 

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