Schedule One Update - Big Technologies plc | RNS | Ticker

Schedule One Update - Big Technologies plc

RNS Announcement

RNS Number : 0314G

AIM

22 July 2021

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Big Technologies plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Talbot House

17 Church Street

Rickmansworth

WD3 1DE

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.bigtechnologies.co.uk (from Admission)

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Big Technologies plc (the "Company") provides products and services to the remote and personal monitoring industry under a number of brand and trading names, with 'Buddi' being the most well known and used in respect of activities within the core criminal justice market. The Company's criminal justice solution involves proprietary monitoring software combined with modular monitoring hardware being used to accurately track the location of tag wearers. Alongside this, the Company also offers monitoring services solutions for its customers.

The Company was founded in 2005 by Sara Murray OBE. Since 2005, Sara has led the business to develop its technologies and enter new related markets, including the entry to the criminal justice market in 2010.

The Company has a number of core technologies that the Directors believe could also be deployed into additional large markets, such as the health market and the market for the provision of care services.

The Company provides its solutions on a SaaS-like subscription-based model, with long-term contracts spanning up to twelve years in length, providing a secure revenue base from which to deliver contract expansion and to win new contracts.

The Company generates revenue across the world, with operations across the United Kingdom, Australia, United States and Colombia. The main country of operation is the United Kingdom.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

288,475,082 Ordinary Shares of £0.01 each at an issue price of 200 pence

No restrictions on the transfer of shares

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£16.1 million via a placing of new ordinary shares

£185.6 million via a sale of existing ordinary shares

Market capitalisation on admission based on an issue price of 200 pence of approximately £577.0 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

49.2 per cent.

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Simon Jeremy Collins - Non-Executive Chairman

Sara Elizabeth Murray - Chief Executive Officer

Daren John Morris - Chief Financial Officer

Charles James Lewinton - Chief Technology Officer

Camilla Macun - Non-Executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

	Before Admission		After Admission
	Ordinary Shares	%	Ordinary Shares	%
Sara Murray⁽¹⁾	73,000,000	26.03	73,000,000	25.31
Odey Asset Management LLP⁽²⁾	37,397,300	13.34	8,827,900	3.06
RCP Ltd	27,400,000	9.77	8,625,000	2.99
Romelle Ltd	27,389,500	9.77	27,389,500	9.49
Monitoring Partners	26,697,500	9.52	6,697,500	2.32
Zinc Limited	25,901,000	9.24	8,401,000	2.91
Ernström Kapital AB	24,096,900	8.59	24,096,900	8.35
Iville Limited	9,140,000	3.26	9,140,000	3.17
Peter Lawson	8,614,000	3.07	8,614,000	2.99
Liontrust Investment Partners LLP	Nil	Nil	30,270,862	10.49
Aberdeen Standard Investments	Nil	Nil	13,200,000	4.58
JP Morgan Asset Management UK	Nil	Nil	10,095,216	3.50
Schroder Investment Management Limited	Nil	Nil	9,039,867	3.13
Chelverton Asset Management Ltd	Nil	Nil	8,750,000	3.03

⁽¹⁾This does not include warrants that will be exercised in respect of 5,858,500 shares by Sara Murray conditional on Admission. The shares issued as a result of such exercise will be sold at Admission and this is taken into account in the 'after admission' shareholding presented

⁽²⁾Comprising holdings of OEI MAC Inc and Odey European Inc

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

Rockmount Financial Limited

Simon J Collins & Associates

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) 31 December 2020 (audited financial information)

(iii) 30 September 2021 (half yearly report for the six-month period ended 30 June 2021)

30 June 2022 (annual accounts for the full year to 31 December 2021)

30 September 2022 (half yearly report for the six-month period ended 30 June 2022)

EXPECTED ADMISSION DATE:

28 July 2021

NAME AND ADDRESS OF NOMINATED ADVISER:

Zeus Capital Limited

82 King Street

Manchester

M2 4WQ

10 Old Burlington Street

London

W1S 3AG

NAME AND ADDRESS OF BROKER:

Zeus Capital Limited

10 Old Burlington Street

London

W1S 3AG

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The admission document, which will contain full details of the applicant and its securities, will be available from www.bigtechnologies.co.uk

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

DATE OF NOTIFICATION:

22 July 2021

NEW/ UPDATE:

UPDATE

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END

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RNS metadata

Title: Schedule One Update - Big Technologies plc
Time: 08:00:08
Date: 22 Jul 2021
Category: Capital structure
ID: 0314G