BOS GLOBAL Holdings Limited Corporate Update (6804Z)
18 12월 2017 - 11:30PM
UK Regulatory
TIDMBOS
RNS Number : 6804Z
BOS GLOBAL Holdings Limited
18 December 2017
BOS GLOBAL Holdings Limited
ACN 009 087 852
AIM Release
18 December 2017
Corporate Update
Further to the announcement dated 27 November 2017, BOS GLOBAL
Holdings Limited ("BOS GLOBAL" or the "Company") provides the
following corporate update.
The Company has sought to maintain a constructive dialogue with
Innovation Corporation Limited ("Innovation"), the Company's
primary funding provider, however, BOS GLOBAL has not yet received
any confirmation from Innovation that progress has been made
relating to:
-- Innovation's funding solution for BOS GLOBAL (further details below);
-- Innovation's recommendation for how Innovation's proposed new
directors plan to complete the Company's audited financial accounts
for the year ended 30 June 2017 by 29 December 2017; and
-- a course of action to secure the appointment of a new
Nominated Adviser ('Nomad'), as the Company's current Nomad, RFC
Ambrian Limited, has given the Company notice of their planned
resignation (effective 10 January 2018).
Furthermore, with regards to the potential Board transition
proposed by Innovation (noted in the Company's announcements dated
20 November 2017 and 27 November) an appropriate new Board
composition is yet to emerge however this exercise is ongoing.
In conjunction with the requisition from Innovation, an attempt
was made to arrange a fundraising via a private placing on 1
December 2017, which included Marcus Yeoman (one of the proposed
directors in the requisitioners section 249D notice) joining the
Board as Chairman and other changes being made. The net result of
the placing was that insufficient funds were committed to meet the
Company's creditor position or to enable the auditor to provide an
opinion on the accounts for the year ended 30 June 2017 on a going
concern basis. Consequently, the attempted fundraising was not
successful.
In the circumstances the board is now considering an approach it
received from an alternative funding partner that had expressed
interest in supporting the stabilisation of the Company and then
potential future growth initiatives to ensure that BOS GLOBAL
continues to be active in the disruptive technology space (refer
announcement of 27 November 2017). The board has reconfirmed the
interest of the funding partner and that the level of funding
proposed should cover the Company's creditor position and the
issues associated with the audit opinion. With this in mind, the
Board continues to work closely with its external accountants and
auditor to finalise the Company's accounts by 29 December 2017, but
shareholders should be aware that if BOS GLOBAL fails to complete
its accounts by this deadline then the Company's shares risk being
suspended from trading on AIM, in accordance with AIM Rule 19 and
its Guidance Notes and AIM Rule 40.
As referred to in the Company's RNS announcement of 15 November
2017, there is also a strong risk of some form of administration or
insolvency taking place as there can be no certainty that the
Company will successfully close a transaction with the alternative
funding source referred to above. In this context, shareholders
should be aware that the BOS GLOBAL Board approached an
administration firm some weeks ago to determine how this process
would take place, if required, to ensure the Company is prepared
for all potential eventualities.
Separately, the Board continue to assess its options with
respect to obtaining a new Nomad. Further updates on corporate
developments will continue to be made to the market in due
course.
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
=================== ===================== =====================
Charlotte Page St Brides Partners Tel: +44 (0) 20 7236
/ Hugo de Salis 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
MSCZVLFFDLFLFBX
(END) Dow Jones Newswires
December 18, 2017 09:30 ET (14:30 GMT)
Bos Glb Hldgs (LSE:BOS)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
Bos Glb Hldgs (LSE:BOS)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025
