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BIG · AIM · Technology · mcap £274m · 92.0p 3 open situations →
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Sara Murray proceedings
Mediation with former CEO Sara Murray began in January 2026, the Buddi Litigation was settled for £38.5m that month, and the Group was still pursuing the SM Proceedings as of 14 Sep 2026. On 12 Oct 2026 the Company said it had been served a libel Claim Form by Murray over its 12 Sep 2025 Litigation Update. Damages are unquantified until particulars of claim are served.
- Paid in H1
- £33.4m of settlement payments
- Legal fees
- £2.6m exceptional cash outflow in H1 2026, from £5.3m
- Claimant
- Sara Murray, former Chief Executive Officer 12 Oct 2026 ↗
- Claim
- Libel damages and other relief, over the 12 September 2025 Litigation Update 12 Oct 2026 ↗
- Amount at stake
- Not quantified in the Claim Form 12 Oct 2026 ↗
- Company view
- Extensive legal advice was taken to mitigate any risk of a defamation claim 12 Oct 2026 ↗
Next: Particulars of claim to be served, setting out the claim
- 12 Oct 2026 New libel claim served against the Company
- 14 Sep 2026 Buddi Litigation settled; SM Proceedings continue
- 30 Mar 2026 Buddi Litigation settled; Founder litigation continuing
- 19 Jan 2026 Settled in full and final terms
CEO succession
Ian Johnson, CEO since May 2025, announced his retirement on 29 June 2026 and left on 31 July 2026. Charles Lewinton, a 14-year insider, is Acting CEO while a formal search runs. The H1 results add a streamlined executive team and a guidance upgrade under his lead, but no permanent CEO has been named.
- Departed
- Ian Johnson resigned as Director and CEO, effective 31 July 2026, after about 16 months
- Acting CEO
- Charles Lewinton, 14-year insider, running the CEO role since June 2026
- Search
- Formal process with the Nomination Committee; no permanent CEO named
- Lewinton shares
- 1,187,796 new shares issued at nil price, final Growth Share Plan exchange; admission expected 5 August 2026
- Team changes
- Mike Johns COO and CFO; Sarah Bodel CCO; Chris Jakeman CTO
Next: permanent CEO appointment
- 14 Sep 2026 Acting CEO in place; leadership team streamlined
- 31 Jul 2026 Johnson left; Lewinton acting CEO; search ongoing
- 29 Jun 2026 Acting CEO in place, search under way
Neudi & C:o AB campaign
- 26 Feb 2026 10.5%
- 26 Sep 2025 campaign
Closed · 2
Company filings. Not investment advice.