Big Sofa Technologies Group PLC

Equities

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GB00BZ1B7619

Delayed London S.E. Other stock markets 03:30:00 2020-03-16 EDT			5-day change	1st Jan Change
2.55 ^GBX	-.--%		-32.89%	-34.62%

2022	Big Sofa Technologies Group Ltd Reports Earnings Results for the Full Year Ended December 31, 2021	CI
2020	Big Sofa Technologies Group plc Reports Earnings Results for the Full Year Ended December 31, 2019	CI

Big Sofa Technologies : Statement re suspension of trading

March 16, 2020 at 03:17 am

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 un l 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 op ons 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 analy cs company. The design and development of our technology has been guided by expert understanding of the insight and analy cs industries and the needs, pressures and business ques ons 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 pla orm technology. We are innova ng both in how video-led projects and programmes are designed and in how the data is analysed, showcased, embedded and re-mined.

Our so ware pla orm 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 admi ed to trading on the London Stock Exchange's AIM market under the cker BST.L.

To find out more, visit www.bigsofatech.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.

END

SRSSFEEFIESSEID

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Big Sofa Technologies Group plc published this content on 16 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2020 07:16:06 UTC

Latest news about Big Sofa Technologies Group PLC

Big Sofa Technologies Group Ltd Reports Earnings Results for the Full Year Ended December 31, 2021	22-10-20	CI
Big Sofa Technologies Group plc Reports Earnings Results for the Full Year Ended December 31, 2019	20-09-29	CI
Big Sofa Extends Formal Sale Process	20-07-15	CI
Big Sofa Technologies Group Decides to Pursue A Potential Sale	20-03-16	CI
Big Sofa Technologies Considers Strategic Alternatives	20-03-15	CI
Big Sofa Technologies Says Fundraising Could Not Be Concluded Due to Current Market Turbulence	20-03-15	CI
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Big Sofa Technologies Group plc Reports Earnings Results for the Half Year Ended June 30, 2019	19-09-26	CI
Big Sofa Technologies Announces Revenue Results for the First Half of 2019	19-07-11	CI
Big Sofa Technologies Announces Product Co-Development and Embedding	19-05-22	CI
Big Sofa Technologies Group PLC Wins an Initial Project Worth Approximately $250,000 from a Global Clothing Manufacturer and Retailer	19-04-01	CI
Big Sofa Technologies Group plc Announces Subscription Renewals and Services Agreements with New Clients for its Proprietary, Video-Based Knowledge Management, Sharing and Collaboration System	19-03-26	CI
Big Sofa Technologies Group PLC Reports Earnings Results for the Full Year Ended December 31, 2018	19-03-08	CI
Big Sofa Technologies Group PLC Announces Resignation of Simon Lidington as Director, Effective from 1 April 2019	19-03-08	CI
Big Sofa Technologies Group PLC Announces Executive Changes	18-11-07	CI
Paul Clark to Step Down as Non-Executive Director from Big Sofa	18-10-10	CI
Big Sofa Technologies Group PLC Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018	18-10-01	CI
Big Sofa Technologies Group PLC Announces Director Changes	18-09-21	CI
Big Sofa Technologies Group PLC Receives $350,000 Global Project by PepsiCo	18-09-19	CI
Big Sofa Technologies Group PLC Appoints Kirsty Fuller as Chief Commercial Officer, Effective from October 01, 2018	18-09-05	CI
Big Sofa Technologies Group plc Announces Launch of Video Manager and Video Stories	18-07-10	CI
Big Sofa Technologies Group PLC Reports Consolidated Earnings Results for the Year Ended 31 December 2017	18-06-04	CI
Big Sofa Technologies Group plc Appoints Laurence Stoclet as Non-Executive Director	18-03-02	CI
Big Sofa Technologies Group PLC Reports Unaudited Revenue Results for the Year Ended December 31, 2017	18-01-31	CI
Big Sofa Technologies Group PLC Announces Two Contracts from Target Corporation and Zurich North America	18-01-03	CI

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Company Profile

Big Sofa Technologies Group PLC, formerly HubCo Investments PLC, is a holding company for Big Sofa Limited. The Company is a business to business (b2b) technology company that provides video analytics, serving both brand owners and market research agencies. The Company has built a platform developed in the Ruby language and using the Rails Web framework. Its platform enables users to ingest, manage, search and perform detailed analysis of video, images and audio content. It enables consumers to upload unstructured video content to its cloud-based analytics platform. The platform then transcodes and transcribes the data into a structured and downloadable archive of content. The platform can be used on a software as a service basis or in conjunction with its account teams. In addition to the analytics platform, the Company has developed a range of ancillary services for brands, agencies and consumers to upload video into the core platform.

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