Business
Update re: CEO Dismissal
Update re: CEO Dismissal.
About this update from Big Technologies Plc
[{"type":"text","content":"\n\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 (\"Big Technologies\" or the \"Company\" and the \"Group\")\n\nUpdate re: CEO Dismissal\nThe Company confirms that it has notified the Panel on Takeovers and Mergers (the \"Panel\") in relation to the matters previously announced by the Company on 21 March 2025 and 31 March 2025.\nAs previously announced, the Company has concluded that Sara Murray:\n\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\") who, immediately following the Company's IPO and admission to AIM on 28 July 2021 (\"Admission\"), held ordinary shares in the Company (\"BIG Shares\") representing approximately 17.7% of the Company's issued share capital at that time, and which represent a holding of approximately 17.3% now. The Company is not aware of any changes to the number of BIG Shares or interest in BIG Shares held by any of the Relevant Entities since Admission; and \n \n- failed to disclose her interests in, and relationship with, the Relevant Entities in the context of Admission.\nSeparately to the Relevant Entities, Sara Murray:\n \n- held BIG Shares representing approximately 25.3% of the Company's issued share capital at Admission;\n \n- is presumed to be acting in concert with her sister, Judith Murray, who held 600,000 BIG Shares at Admission representing approximately 0.21% of the Company's issued share capital at that time (resulting in an aggregate shareholding of 25.51%); and\n \n- since Admission, has acquired further interests in BIG Shares, and therefore, so far as the Company is aware, currently personally holds BIG Shares representing approximately 26.8% of the Company's issued share capital.\nThe notification to the Panel was made, among other reasons, because the facts and circumstances above potentially engage Rule 9 of the City Co...