5 August 2024
Big Technologies plc
("Big Technologies" or the "Company")
Issue of shares, PDMR dealings
and total voting rights
Big Technologies plc, the UK-based, remote people monitoring technology company, announces that 7,918,639 new ordinary shares of 1 pence each ("Ordinary Shares") in Big Technologies ("Ordinary Shares") have been issued in order to satisfy the exchange of A shares in Buddi Limited into shares in Big Technologies, following the exercise of the first of three equal tranches of put options under the Buddi Limited Growth Share Plan ("Put Options") (as set out in paragraph 13.5 of Part V of the Big Technologies Admission Document dated 26 July 2021 (the "Admission Document")). The Put Options over the A shares in Buddi Limited were exercised following satisfaction of the Share Price Criteria (which is based on the average closing Big Technologies share price over any period of 30 days before the third anniversary of the date of the Company's admission to trading on AIM) and the Time Criteria, which are set out in the Admission Document (the Time Criteria being the third anniversary of the date of the Company's admission to trading on AIM).
The Put Options were exercised by Sara Murray (Chief Executive Officer), Daren Morris (Chief Financial Officer) and Charles Lewinton (Chief Technology Officer). Following the Put Option exercise, the below Directors have increased their aggregate holdings from 25.5% to 27.4% of the issued share capital of the Company. The below table details their respective interests in the share capital of the Company.
| Director | Ordinary Shares held previously | % of total issued share capital | Number of Ordinary Shares issued | Resulting total number of Ordinary shares held | % of enlarged issued share capital |
| Sara Murray | 73,400,000 | 25.3% | 5,543,047 | 78,943,047 | 26.4% |
| Daren Morris | 350,000 | 0.1% | 1,187,796 | 1,537,796 | 0.5% |
| Charles Lewinton | 229,456 | 0.1% | 1,187,796 | 1,417,252 | 0.5% |
The remaining two tranches of put options in respect of A Shares in Buddi Limited may be exchanged for shares in the Company on the fourth and fifth anniversary respectively of the date of the Company's admission to trading on AIM. The terms of the Buddi Growth Share Plan are set out in the Admission Document.
Admission and Total voting rights
Application has been made for the new Ordinary Shares to be admitted to AIM, with the admission date expected to be 8 August 2024. On admission, the shares will rank pari passu in all respects with the existing Ordinary Shares of the Company. The company's total issued share capital following admission will consist of 298,568,721 ordinary shares of 1 pence each with one voting right per share. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information please contact:
| Big Technologies | +44 (0) 19 2360 1910 |
| ||
| Sara Murray (Chief Executive Officer) Daren Morris (Chief Financial Officer) | |
| ||
| | |
| ||
| +44 (0) 20 3829 5000 |
| |||
| Zeus (Nominated Adviser and Sole Broker) | +44 (0) 20 3829 5000 | |||
| Dan Bate / Kieran Russell (Investment Banking) Benjamin Robertson (Equity Capital Markets)
|
| |||
The notification set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| | 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| | a) | Name | Sara Murray |
| | 2. | Reason for the notification | |
| | a) | Position/status | CEO |
| | b) | Initial notification/Amendment | Initial notification |
| | 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| | a) | Name | Big Technologies PLC |
| | b) | LEI | 2138001GM2MZ6I2D1W29 |
| | 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| | a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of £0.01 each
ISIN: GB00BN2TR932 |
| | b) | Nature of the transaction | Exchange of A shares in Buddi Limited into shares in Big Technologies plc |
| | c) | Price(s) and volume(s)
| Price(s) Volume(s) £Nil 5,543,047
|
| | d) | Aggregated information
| Price Volume £Nil 5,543,047
|
| | e) | Date of the transaction | 2 August 2024 |
| | f) | Place of the transaction | Outside a trading venue |
| |
|
|
|
| | | | |
| | 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| | a) | Name | Daren Morris |
| | 2. | Reason for the notification | |
| | a) | Position/status | CFO |
| | b) | Initial notification/Amendment | Initial notification |
| | 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| | a) | Name | Big Technologies PLC |
| | b) | LEI | 2138001GM2MZ6I2D1W29 |
| | 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| | a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of £0.01 each
ISIN: GB00BN2TR932 |
| | b) | Nature of the transaction | Exchange of A shares in Buddi Limited into shares in Big Technologies plc |
| | c) | Price(s) and volume(s)
| Price(s) Volume(s) £Nil 1,187,796
|
| | d) | Aggregated information
| Price Volume £Nil 1,187,796
|
| | e) | Date of the transaction | 2 August 2024 |
| | f) | Place of the transaction | Outside a trading venue |
| |
|
|
|
| | | | |
| | 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| | a) | Name | Charles Lewinton |
| | 2. | Reason for the notification | |
| | a) | Position/status | COO |
| | b) | Initial notification/Amendment | Initial notification |
| | 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| | a) | Name | Big Technologies PLC |
| | b) | LEI | 2138001GM2MZ6I2D1W29 |
| | 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| | a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of £0.01 each
ISIN: GB00BN2TR932 |
| | b) | Nature of the transaction | Exchange of A shares in Buddi Limited into shares in Big Technologies plc |
| | c) | Price(s) and volume(s)
| Price(s) Volume(s) £Nil 1,187,796
|
| | d) | Aggregated information
| Price Volume £Nil 1,187,796
|
| | e) | Date of the transaction | 2 August 2024 |
| | f) | Place of the transaction | Outside a trading venue |
| |
|
|
|
| | | | |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
