17th Oct 2025 19:02
(Alliance News) - Big Technologies PLC has appointed James Matheson as a non-executive director, the Times reported Friday, giving a partial win to shareholders backed by embattled founder Sara Murray.
Shares in the Rickmansworth, England-based electronic monitoring solutions closed down 2.5% at 78.00 pence on Friday. The company has a market cap of GBP230.8 million.
The Times reported Friday that Aberdeen Standard Fund Managers Chair James Matheson will join the board as a non-executive. It also said a shareholder request for a general meeting has been withdrawn.
The appointment gives a partial victory to the shareholders backed by Murray, who was fired this year after the company alleged her failure to disclose interests in entities holding a 17.3% stake in the company.
The group had sought to appoint Matheson as chair, replacing Alexander Brennan, who stepped down two weeks ago.
At the time, Big Technologies said Brennan had determined a new director, independent of its investigations into Murray, should lead "efforts to resolve the protracted litigation".
Sangita Shah is serving as interim chair. Shah joined the board as a non-executive director in late July.
Following Murray's resignation, Big Technologies launched High Court proceedings which included requesting a freezing order against Murray and associated entities.
The company claimed Murray had forged documents before its EUR577 million float in 2021.
It also said Murray failed to disclosed links to disputed offshore companies controlled by a family trust that made more than GBP100 million at the time of the listing.
Furthermore, Murray is alleged of "improperly extracting" more than GBP19 million via other "fraudulent schemes" and of providing false testimony to the market and the High Court.
By Aidan Lane, Alliance News reporter
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