Big Technologies (LSE:BIG) has agreed a full and final settlement of the Buddi Litigation, committing to a £38.5 million cash payment to former minority shareholders of Buddi Limited. The claim related to allegations that those shareholders were improperly compelled or misled into selling their interests at the time of Buddi’s acquisition in 2018 and were denied the opportunity to reinvest in Big Technologies.
The company said the settlement is largely covered by provisions already recognised in its accounts, significantly limiting any additional financial impact. Following the initial payment, Big Technologies expects to end 2025 with an estimated cash balance of £61.9 million. Management highlighted that the agreement removes a major overhang and source of uncertainty for the group.
Alongside the resolution of the Buddi dispute, the board confirmed it remains engaged in mediation with founder Sara Murray and related parties in an effort to reach a negotiated settlement on separate, ongoing proceedings. The company said its objective is to avoid further prolonged and costly litigation, while seeking a constructive outcome for all stakeholders.
From an investment perspective, Big Technologies continues to benefit from strong underlying financial performance, supported by robust profitability and a solid balance sheet. However, share price technical indicators point to bearish near-term momentum, while valuation metrics are less supportive due to a negative price-to-earnings ratio and the absence of a dividend. Taken together, these factors suggest a broadly balanced, but cautious, overall outlook.
More about Big Technologies PLC
Big Technologies plc is a leading provider of electronic monitoring solutions, operating primarily through its Buddi brand. The group delivers integrated hardware and software via a subscription-based, SaaS-style platform, supporting the monitoring of individuals across criminal justice and related sectors in multiple international markets.
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