REG - Big Technologies PLC - Board and Management Changes and Trading Update

Big TechnologiesAnnouncement

08/05/2025 07:01

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RNS Number : 7846H  Big Technologies PLC  08 May 2025

8 May 2025

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

Big Technologies plc

("Big Technologies" or "the Company", together with its subsidiaries the
"Group")

Board and Management Changes and Trading Update

Big Technologies plc (AIM: BIG) is pleased to announce that it has appointed
Ian Johnson as Chief Executive Officer and Mike Johns as Director and Chief
Financial Officer of the Company, in each case with immediate effect.  Ian
and Mike have already been supporting the Company as Non-Executive Director
and Chief Financial Officer Designate, respectively, since April 2025.

Mike will now oversee the remainder of the audit and publication of both the
Company's preliminary results and its audited financial statements for the
year ended 31 December 2024 in line with the previously announced timetable.
 

The Company also announces that Daren Morris has been stood down by the
Company as Director and Interim Chief Executive Officer with immediate effect
and will leave the Group after a period of garden leave.

The Board changes announced today follow consultation with shareholders.

Alexander Brennan, Chairman of the Company, said: "We thank Daren for his hard
work at the Group as Chief Financial Officer and, more recently, as Interim
Chief Executive Officer, where he has helped to stabilise the business and its
people at what has been a difficult time.  We wish him well in his future
endeavours.  I am very pleased to welcome Ian, as a highly experienced Chief
Executive Officer, in his new role and I look forward to working with him to
deliver on the Company's strategy and objectives.  We are equally pleased
that Mike will be joining the Board in his role as Chief Financial Officer and
we are excited to see him continue the hard work he has been doing since
joining the Company."

Ian Johnson said: "I am delighted to accept the role of Chief Executive
Officer and am excited to lead the company into a new era of growth and
innovation. I look forward to working closely with our talented team to
achieve our strategic goals and drive further success. Buddi is a market
leader in electronic monitoring solutions and I am confident that the Company
can make a lasting impact in our industry whilst making the world a safer
place."

 

Trading Update

Unaudited underlying revenue for the quarter ended 31 March 2025 increased 11%
to £12.9 million compared to £11.6 million for Q1 2024 (excl. the Colombia
contract which ceased in 2024). Further updates will be provided at the time
of the announcement of the Company's preliminary results for the year ended 31
December 2024.

Biography of Mike Johns

Mike is a qualified chartered accountant and was most recently CFO of Aptitude
Software Group plc, where he held a number of senior finance positions before
being appointed as CFO in 2023.

Information required to be disclosed by the Company under Rule 17 of the AIM
Rules for Companies

Michael Stratford Johns, aged 37, is, or has been, a director or partner of
the following companies or partnerships within the past five years:

 Current directorships and/or partnerships  Former directorships and/or partnerships (within the last five years)
 None                                       Aptitude Software Group plc

                                            Aptitude Software Limited

                                            Aptitude Software Inc

                                            Aptitude Revstream Inc

                                            Aptitude Software (Poland) s.p. Z.o.o.

                                            Aptitude Software (Singapore) PTE Limited

                                            Aptitude Software (Canada) Limited

                                            MPP Global Solutions Limited

                                            MPP Global Solutions Inc

                                            MPP Global Solutions kk

Mike Johns owns no shares in the Company.

There are no further disclosures required in accordance with Rule 17 and
Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

 

Further announcements will be made as appropriate.

Enquiries

 Big Technologies plc                                +44 (0) 19 2360 1910
 Alexander Brennan (Chairman)
 Ian Johnson (Chief Executive Officer)

 Zeus (Nominated Adviser and Sole Broker)             +44 (0) 203 829 5000
 Dan Bate / Kieran Russell (Investment Banking)
 Benjamin Robertson (Equity Capital Markets)

 

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