Share Buyback Programme

Big Technologies plc (AIM: BIG), the UK-based remote people monitoring technology company, announces the launch of its maiden share buyback programme of ordinary shares of £0.01 each ("Ordinary Shares") up to a maximum aggregate 5,000,000 Ordinary Shares (equating to approximately £5.9 million in value at the closing price on 26 September 2024) (the "Buyback Programme") effective today.

The Board considers the Buyback Programme to be in the best interests of all shareholders, given the cash generative nature of the business and strong ongoing performance, reflects the Company's more balanced future approach to capital allocation.

The Company has appointed its broker, Zeus Capital Limited ("Zeus"), to manage the Buyback Programme to repurchase Ordinary Shares on its behalf and entered into an irrevocable and non-discretionary arrangement on 26 September 2024 with Zeus to enable Zeus to conduct the Buyback Programme on a broker-managed basis. Zeus will make trading decisions in relation to the Buyback Programme independently of the Company, within certain defined parameters.

The Buyback Programme commences today and will end no later than the date upon which the aggregate number of shares acquired under the Buyback Programme reaches 5,000,000 Ordinary Shares, or by the time of the Company's 2025 Annual General Meeting which is to be held no later than 30 June 2025 (the "Buyback Period"). During the Buyback Period the Company has no power to invoke any changes to the authority and any purchases will be undertaken by Zeus, acting independently of, and uninfluenced by the Company.

Ordinary Share repurchases will take place in open market transactions and may be made from time to time depending on market conditions, share price and trading volume. The Buyback Programme is in accordance with the Company's general authority to purchase a maximum of 29,065,008 Ordinary Shares, granted by its shareholders at the Annual General Meeting held on 28 May 2024, including that the maximum price paid per Ordinary Share will be no more than: a) 105 per cent. of the average trading price of the Ordinary Shares as derived from the middle market quotations for an Ordinary Share on the London Stock Exchange Daily Official List for the five trading days immediately preceding the date on which an Ordinary Share is contracted to be purchased; and b) the higher of the price of the last independent trade and the highest current independent purchase bid for Ordinary Shares on the trading venue where the purchase is carried out.

The Buyback Programme will be conducted within the parameters of the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU (each as in force in the UK from time to time, including where relevant pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019). However, due to the potential for limited liquidity in the issued Ordinary Shares, the purchase by the Company of Ordinary Shares pursuant to the Authority on any trading day could represent a significant proportion of the daily trading volume in the Ordinary Shares on AIM and may therefore exceed 25 per cent. of the average daily trading volume, but will not exceed 50 per cent of such daily trading volume.

The Company confirms that it currently has no unpublished price sensitive information.