Big Technologies firmly rejects claims made by ex-CEO

(Sharecast News) - Big Technologies published a letter to shareholders on Friday, firmly rejecting allegations made by former chief executive officer Sara Murray in correspondence sent to certain investors earlier in the week. In a statement, the company said the letter, which was now available on its website alongside amended High Court legal filings, set out its formal response to Murray's criticisms.

Big Technologies reiterated that it "rejects in the strongest terms" the allegations contained in the former CEO's 8 June letter.

The dispute formed part of ongoing legal proceedings brought by the company against Murray and others, with amended particulars of claim recently filed in the High Court.

Big Technologies said it would continue to pursue its claims vigorously and stressed that the board had acted, and would continue to act, in the best interests of the company and its shareholders.

The board also reaffirmed its unanimous support for all resolutions proposed at the upcoming 2025 annual general meeting, recommending shareholders vote in favour.

Directors intended to back the resolutions with their own shareholdings, and said they remained available to engage with investors ahead of the AGM.

At 1446 BST, shares in Big Technologies were down 2.55% at 91.8p.

Reporting by Josh White for Sharecast.com.