Big Sofa Technologies Group PLC Statement re suspension of trading (1904G)
16 März 2020 - 8:00AM
UK Regulatory
TIDMBST
RNS Number : 1904G
Big Sofa Technologies Group PLC
16 March 2020
The information communicated in this announcement includes
inside information for the purposes of Article 7 Regulation
596/2014.
16 March 2020
Big Sofa Technologies Group plc
("Big Sofa Technologies" or the "Company")
Statement re suspension of trading
Big Sofa Technologies announces that its directors have taken
the difficult decision to request a suspension in the trading of
its shares on AIM.
The Company, which currently has sufficient working capital
until May 2020, had been in the process of finalising a planned
equity raise to fund the next stage of its growth. That fundraising
was expected to close last week but, due to current market
turbulence, it could not be concluded. The Directors are therefore
exploring strategic options which may include a sale of the
business; the Company will provide a more detailed update in the
next few days.
Enquiries:
Big Sofa Technologies Group plc +44 (0)20 7357 0033
Kirsty Fuller, CEO
Joe MacCarthy, CFO
Arden Partners plc (Nominated Adviser
and Joint Broker) +44 (0)20 7614 5900
Paul Shackleton / Ben Cryer
About Big Sofa Technologies Group plc
Big Sofa Technologies is a video analytics company. The design
and development of our technology has been guided by expert
understanding of the insight and analytics industries and the
needs, pressures and business questions of the clients they
serve.
We uncover and analyse new-to-the-industry behavioural data sets
in video, enabled by the power of our pioneering data capture and
platform technology. We are innovating both in how video-led
projects and programmes are designed and in how the data is
analysed, showcased, embedded and re-mined.
Our software platform collates, analyses and organises large
volumes of raw/unstructured video enabling our clients, which
include leading market research and data companies and major
household brands, to perform detailed and sophisticated consumer
insight analysis and make genuine use of video content.
Big Sofa Technologies' shares are admitted to trading on the
London Stock Exchange's AIM market under the ticker BST.L.
To find out more, visit www.bigsofatech.com
Follow us on twitter at @bigsofatech
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END
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