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Big Technologies says claims by ex-CEO contain ‘material inaccuracies’

ALN

Big Technologies PLC on Tuesday said it continues to pursue ‘vigorously’ its claims against Sara Murray as it rebuffed allegations made by the former chief executive in a letter to shareholders.

The Rickmansworth, England-based electronic monitoring solutions provider also restricted voting rights on certain persons, including Murray.

Big Technologies said a letter sent by Murray to certain shareholders contains a ‘significant number of material inaccuracies’, as well as ‘unsubstantiated allegations’ against both the company and members of the board.

‘The board reject Sara Murray’s allegations in the strongest terms,’ the firm said in a statement.

Big Technologies said the ‘unanimous’ decision to suspend and subsequently dismiss Murray was ‘not taken lightly’.

‘It followed a lengthy and thorough investigation which identified deeply concerning evidence regarding Sara Murray’s conduct,’ the firm said.

Further, the company said Murray’s letter makes ‘misleading and selectively presented’ comparisons regarding the compensation of members of the board.

Big Technologies said it has ‘rigorous and detailed’ processes for setting director remuneration, which have been followed at all times.

The firm called Murray’s letter a ‘highly inaccurate account’.

In addition, Murray’s reference to a proposed acquisition is also ‘misleading,’ the firm said.

‘The board has at all times acted, and will continue to act, in the best interests of the company and its shareholders, including in continuing to pursue vigorously its claims against Sara Murray,’ it said.

Murray was suspended and then dismissed as CEO last March owing to concerns in respect of her conduct.

Shares in Big Technologies rose 1.0% to 102.49 pence each in London on Tuesday.

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