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Big Technologies PLC on Friday said it can no longer rely on a statement signed by suspended Chief Executive Officer & Founder Sara Murray. The Hertfordshire, England-based firm said it can no longer rely on a statement signed by Murray on behalf of the company in a litigation, that relates to her interests in and relationship with Zinc Ltd, Monitoring Partners Ltd, RCP Ltd and Romelle Ltd. These four entities held shares in Big Technologies at the company’s initial public offering on London’s AIM Market in July 2021 of around 17.7% of the issued share capital at that time. ‘In light of the information from its further investigations, the company is considering its position in relation to the litigation as well as other steps which it may be appropriate to take, including the possibility of claims or actions against and in relation to Sara Murray and others,’ Big Technologies said. Big Technologies had announced on Tuesday that Chief Executive Officer Sara Murray was suspended from her role, owing to concerns in respect of her conduct previously. The company had said these concerns recently became apparent in connection with litigation relating to the company’s acquisition of Buddi. Big is currently defending a claim filed with the High Court of Justice of England & Wales in 2023, brought by ‘a small number of former [Buddi] shareholders’. Big Technologies shares fell 23% to 62.00 pence each on late Friday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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