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On 26 September 2025, the Board of Big Technologies plc announced it received a notice from Andrew Richer, Neudi Kapital AB, Swing Limited, and Corbridge Holdings Limited (the "Requisitioners") to convene a general meeting. This meeting is to consider resolutions to remove Alexander Brennan as Chairman and appoint James Graham Matheson as a director and Chairman. The Requisitioners and other Supporting Members claim to hold approximately 51.95% of the active voting rights and have provided irrevocable undertakings to vote in favour of these resolutions.
| Date | 26 Sept 2025 |
| Time | 07:00:11 |
| Category | Miscellaneous |
| ID | 9138A |
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 undertakings have been given |
Number of shares held as a percentage of the aggregated shareholding of the Supporting Members |
Number of shares held as a percentage of the current total voting rights of the Company |
|
Sara Murray |
77,583,047 |
61.0% |
26.22% |
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Neudi Kapital AB |
31,066,900 |
24.4% |
10.50% |
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Peter Lawson |
8,614,000 |
6.8% |
2.91% |
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David George |
5,071,343 |
4.0% |
1.71% |
|
Swing Limited (represented by its corporate directors, Affinity Nominees Limited and Affinity Trust) |
1,879,500 |
1.5% |
0.64% |
|
Corbridge Holdings Limited (represented by its corporate directors, Affinity Nominees Limited and Affinity Trust) |
1,627,750 |
1.3% |
0.55% |
|
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:
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Big Technologies plc |
+44 (0) 19 2360 1910 |
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Alexander Brennan (Chairman) |
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Ian Johnson (Chief Executive Officer) |
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Zeus (Nominated Adviser and Joint Broker) |
+44 (0) 203 829 5000 |
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Dan Bate / Kieran Russell (Investment Banking) |
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Benjamin Robertson (Equity Capital Markets) |
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Singer Capital Markets (Joint Broker) |
+44 (0) 207 496 3000 |
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James Moat / James Todd (Investment Banking) |
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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
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.
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