BOS GLOBAL Holdings Limited Receipt of Section 249D Notice (1496W)
November 10 2017 - 2:00AM
UK Regulatory
TIDMBOS
RNS Number : 1496W
BOS GLOBAL Holdings Limited
10 November 2017
BOS GLOBAL Holdings Limited / EPIC: BOS / Market: AIM / Sector:
Technology
10 November 2017
BOS GLOBAL Holdings Limited ('BOS GLOBAL' or 'the Company')
Receipt of Section 249D Notice
BOS GLOBAL, the cloud based software developer focused on
harnessing technology to enable organisations to transform their
operations through a more engaged workforce, advises that, on the
evening of 8 November 2017, the Company received a notice under
section 249D of the Corporations Act 2001 (Cth) ("Notice") from
Innovation Corporation Limited ("Innovation") and Mr Graeme Edgar
Hopgood, shareholders individually and collectively holding
interests in BOS GLOBAL ordinary shares of greater than 5%.
Innovation is associated with Mr Michael Travia, who is its sole
director.
The Notice, if valid, would require the Company to hold a
general meeting to consider the following resolutions:
1. The removal of Mr Adam Webb as a Director of the Company
2. The appointment of Mr Marcus Yeoman as a Director of the Company
3. The appointment of Mr Marcus Yeoman as Independent Chairman of the Company
4. The appointment of Mr Michael Travia as a Director of the Company
5. The appointment of Mr Michael Travia as interim Chief Executive Officer of the Company
6. That the Company Chair position be held by an Independent or Non-Executive Director
7. That the board appoint two (2) qualified female Directors
with relevant technology, productivity, professional service,
corporate industry experience within 12 months and that at least
one (1) such female appointment take place within three (3)
months
8. That the Company maintain not less than four (4) directors
including that of a Financial Director for any period greater than
three (3) months and that no less than two (2) such directors have
previous AIM and/or public stock exchange experience
9. That the Company not raise more than 15% of its equity within
any given 12 month period without Member approval and that any such
offer includes its Members
10. That the Company have at a minimum 34% of its total staff be
female and that such minimum be met within 18 months and that such
minimum be representative of Directors and Company staff in
general
11. That the Company publish within 30 days of each financial
quarter end a Financial Market Update equivalent to the Australian
Stock Exchange Quarterly 4C Appendix report until such time as its
market capitalisation exceeds GBP50 million
The Company advises shareholders that no action is required and
it is currently seeking legal advice as to the validity of the
Notice and, if the Notice is valid, the Company is required to call
the meeting within 21 days of the date of the Notice and hold the
meeting no later than 2 months after the date of the Notice.
**ENDS**
For further information please visit www.bosglobal.com
David Ireland BOS GLOBAL Holdings Tel: +61 (0)8
Chairman Limited 9322 4071
------------------- --------------------- --------------
Andrew Thomson RFC Ambrian Limited Tel: +61 (0)
NOMAD 8 9480 2500
------------------- --------------------- --------------
Charles Goodfellow Peterhouse Corporate Tel: +44 (0)
/ Finance Limited 20 7220 9791
Lucy Williams
Broker
------------------- --------------------- --------------
Charlotte Page St Brides Partners Tel: +44 (0)
/ Ltd 20 7236 1177
Megan Dennison
Financial PR
------------------- --------------------- --------------
Notes
BOS GLOBAL is a London listed (AIM:BOS), cloud based software
developer with a suite of products that enable organisations to
transform their operations through improving workforce engagement.
The flagship product, BOS 360 Work Patterns, incorporates patented
technology that uses workforce analytics to render real time views
of worker activities as Work Patterns. BOS has a proven, globally
experienced team that has historical success designing, building,
marketing, selling and supporting enterprise technology solutions
and is building a partnership network across the globe to grow the
business.
The Company also has a 40% interest in Call Design Pty Ltd, a
profitable, Australian based, global provider of workforce
optimisation tools, focused particularly on call centre services.
Call Design has a significant multi-sector client base, which
includes all four of Australia's major banks, leading international
telecommunications companies, blue chip insurers and governmental
bodies, with a current operational reach spanning 26 countries.
This is a highly synergistic investment provides multiple
cross-selling opportunities in line with BOS GLOBAL's strategy to
deliver a comprehensive business optimisation offering
globally.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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