Big Technologies PLC (BIG), the UK-listed technology company, has disclosed a significant change in its major shareholder register following a disposal of voting rights by Liontrust Investment Partners LLP. According to a TR-1 regulatory notification published on 9 November 2026, Liontrust's total holding fell from 10.9144% to 9.8012%, crossing a reporting threshold on 6 November 2026. The disclosure, required under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, signals a reduction of more than one percentage point in one of the company's notable institutional positions, an development that investors in BIG may wish to monitor closely.

Key Points

  • Big Technologies PLC (BIG), UK issuer, ISIN: GB00BN2TR932
  • Liontrust Investment Partners LLP reduced its voting rights stake in BIG from 10.9144% to 9.8012%
  • The threshold was crossed on 6 November 2026; the issuer was notified on 9 November 2026; Liontrust now holds 29,122,505 voting rights directly
  • Investors should watch whether Liontrust's position stabilises below the 10% mark or continues to decline in future TR-1 filings

Liontrust Investment Partners Drops Below 10% Voting Rights in Big Technologies

The TR-1 notification confirms that Liontrust Investment Partners LLP, a UK-registered entity controlled by Liontrust Asset Management Plc, held 29,122,505 direct voting rights in Big Technologies PLC as of 6 November 2026, equating to 9.8012% of total voting rights. This compares with a previously notified position of 10.9144%, indicating a disposal of voting rights attached to shares. The notification records no voting rights held through financial instruments, meaning the entire position consists of direct share ownership under DTR5.1 of the FCA's transparency rules.

Regulatory Obligation Triggered as Big Technologies Stake Falls Past Reporting Threshold

Under UK Disclosure Guidance and Transparency Rules, major shareholders must file a TR-1 notification whenever their holding crosses a whole-number percentage threshold. In this instance, Liontrust's stake falling through the 10% level on 6 November 2026 triggered the obligation, with the notification completed and filed in London on 9 November 2026. The ultimate controlling person identified in the filing is Liontrust Asset Management Plc, which exercises control over Liontrust Investment Partners LLP, the entity directly holding the shares in Big Technologies. The company did not disclose the value of shares disposed of in the announcement.

Big Technologies Shareholder Structure Shifts as Institutional Holding Declines

Changes in major institutional positions can influence perceptions of a company's investor confidence and liquidity profile, particularly when a holding drops below a psychologically significant level such as 10%. The reduction by Liontrust, one of the UK's established active asset managers, moves its stake to 9.8012% in Big Technologies, a UK-incorporated technology business. The announcement does not provide commentary from either Big Technologies' management or Liontrust regarding the rationale behind the disposal, nor does it disclose any forward-looking intentions regarding the remaining shareholding. Investors tracking the BIG register will note this as a material structural change.