Business
CEO Dismissal and Commencement of Litigation
CEO Dismissal and Commencement of Litigation.
About this update from Big Technologies Plc
[{"type":"text","content":"\n\n31 March 2025\nThis 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.\n \nBig Technologies plc\n(\"Big Technologies\" or \"the Company\", together with its subsidiaries the \"Group\")\nCEO Dismissal,\nCommencement of Litigation and\nUpdate on Timing of Full Year Results\n\nBig Technologies plc (AIM: BIG), the UK-based remote people monitoring technology company, announces that, further to its previous announcements of 18 and 21 March 2025, it has today:\n- dismissed Sara Murray from her role as Chief Executive Officer, terminated her employment contract with the Company, and removed her as a director, in each case with immediate effect; and\n\n- issued proceedings accompanied by an application for a freezing order against Sara Murray, the Relevant Entities (as defined below) and others in the High Court.\n \nBased on information which has come to light through work undertaken by the Company and its legal advisers, the Company has concluded that Sara Murray:\n- has or had a previously undisclosed interest in, or relationship with, Zinc Limited, Monitoring Partners Limited, RCP Limited and Romelle Limited (the \"Relevant Entities\") which, at the time of the Company's Admission to AIM on 28 July 2021, together held approximately 17.7% of the Company's issued share capital, which represents a holding of approximately 17.3% now;\n- failed to disclose her interests in, and relationship with, the Relevant Entities in the context of the Company's admission to AIM and its initial public offering;\n- in the context of the Litigation (as defined in the 18 March Announcement), provided untrue information to the Company and its lawyers (and the court in providing statements of truth in filed documents) in relation to her interests in, and relationship with the Relevant Entities; and\n- improperly diverted or extracted significant sums of money from the Company and/or members of its Group (principally Buddi Limited prior to 2019) to her...