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LONDON - Big Technologies (LON:BIGB) PLC announced today the suspension of voting rights for several shareholders, including Sara Murray, affecting a combined stake of approximately 17.18% in the company. The decision follows inquiries into compliance with disclosure obligations under the UK’s Disclosure Guidance and Transparency Rules and the company’s articles of association.
The affected shareholders, operating through Romelle Limited, RCP Limited, Zinc Limited, and Monitoring Partners Limited, known as the "Disputed Companies," will not be able to vote their shares at any company meeting until Big Technologies determines that compliance issues have been resolved or the suspension notices are withdrawn.
This action is part of ongoing legal proceedings against Sara Murray and others, with the company alleging failures to meet disclosure requirements. The board has also responded to a letter from Sara Murray sent to shareholders, which they claim contains inaccuracies and unsubstantiated allegations. The board has unanimously dismissed Murray following an investigation into her conduct, which is now a subject of the legal proceedings.
Big Technologies is also seeking to recover any liabilities from Murray that may arise from litigation involving Buddi Limited, a case previously disclosed in regulatory filings. The company has refuted Murray’s claims regarding board compensation and a proposed acquisition, asserting that the board has consistently acted in shareholders’ best interests.
The full response to Sara Murray’s letter will be detailed in a forthcoming communication to shareholders. In the interim, the company has advised shareholders to refer to its previous disclosures and the 2024 Annual Report for accurate information.
The board recommends that shareholders vote in favor of all proposed resolutions at the upcoming 2025 Annual General Meeting, indicating that the directors will do the same with their shares. Further updates will be provided as necessary, based on a press release statement from Big Technologies.
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