Big Technologies Regulatory News (BIG)

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. 

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