TIDMBOS

RNS Number : 8614W

BOS GLOBAL Holdings Limited

17 November 2017

BOS GLOBAL Holdings Limited

ACN 009 087 852

AIM Release

17 November 2017

Convertible Note Holder Seeking Security Interest

The Board of BOS GLOBAL Holdings Limited ("BOS GLOBAL" or the "Company") advises that the Company has received notification from its primary funding provider, Innovation Corporation Limited ("Innovation"), requiring the Company to grant a security interest in Innovation's favour under the terms of the Deed of Loan and Convertible Note ("Note"). Whilst discussions continue in relation to funding, Innovation is seeking the security interest in respect of the unconverted balance of its loan and the balance of the loan to be provided to the end of the term under the Note.

Innovation advised that its representatives are preparing the security documentation and will provide further advice on the sum to be secured. The Company will respond to the request once formal documentation has been received and reviewed and a reconciliation has been undertaken to identify and agree any unconverted loan advances.

This announcement contains inside information for the purpose of Article 7 of the Market Abuse

Regulation (EU) No. 596/2014.

**ENDS**

For further information please visit www.bosglobal.com or contact:

 
 Adam Webb            BOS GLOBAL Holdings    Tel: +44 (0) 7825 
  Non-Executive        Limited                443319 
  Director 
  David Ireland                               Tel: +61 (0)8 9322 
  Chairman                                    4071 
===================  =====================  ===================== 
 Andrew Thomson       RFC Ambrian            Tel: +61 (0) 8 9480 
  NOMAD                Limited                2500 
===================  =====================  ===================== 
 Charles Goodfellow   Peterhouse Corporate   Tel: +44 (0) 20 7220 
  /                    Finance Limited        9791 
  Lucy Williams 
  Broker 
===================  =====================  ===================== 
 Megan Dennison       St Brides Partners     Tel: +44 (0) 20 7236 
  / Charlotte Page     Ltd                    1177 
  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 Company's BOS Time product is a component of its Global Enterprise Productivity Platform ("PaaS"), BOS 360 Work Patterns, which incorporates patented technology that uses workforce analytics to render real time views of worker activities as Work Patterns. BOS has a team experienced in designing, building, marketing, selling and supporting enterprise technology solutions and has been seeking to build a partnership network to assist the business with market penetration.

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 synergistic investment seeks to provide multiple cross-selling opportunities in line with BOS GLOBAL's strategy to deliver a comprehensive business optimisation offering.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGGGQUGUPMGWM

(END) Dow Jones Newswires

November 17, 2017 08:08 ET (13:08 GMT)

Bos Glb Hldgs (LSE:BOS)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more Bos Glb Hldgs Charts.
Bos Glb Hldgs (LSE:BOS)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more Bos Glb Hldgs Charts.