Bos Glb Hldgs Regulatory News (BOS)

BOS GLOBAL Holdings Limited

ACN 009 087 852

AIM Release

12 May 2017

BOS GLOBAL Holdings Limited ("BOS GLOBAL" or "the Company") (AIM: BOS), the software developer focused on improving productivity and creating operational efficiencies in the workplace with "Workplace Analytics", is pleased to announce that it has received and accepted a conditional offer for the sale of its non-core 75% interest in Copper Range (SA) Pty Ltd ("CRSA") which holds early stage resources exploration tenements in the Olympic Dam mining precinct of South Australia.

RSM Corporate Finance Australia Pty Ltd ("RSM"), who have conducted the independent bid process (refer to BOS GLOBAL announcement of 6 February 2017), has received an offer for cash payment of £500,000 for 100% of CRSA as a joint bid from Pure Synergy Limited and Innovation Corporation Limited ("Conditional Offer"), both of which are Hong Kong registered companies.

The Board of BOS GLOBAL has accepted the Conditional Offer subject to satisfactory negotiation of final terms of a Share Purchase Agreement, with settlement currently expected by approximately mid-June 2017. The 25% minority holder of CRSA has provided its unconditional approval for the Conditional Offer in return for fixed nett proceeds of AUD200,000 (approximately £114,000 at current foreign exchange rates), with BOS GLOBAL to receive the balance of the £500,000 purchase price less transaction costs and minor tenement-related costs incurred by CRSA. The Company notes that the carrying value of CSRA is $0 after an impairment expense of $447,994 in relation to CRSA was recognised during the year ended 30 June 2016 after consideration of several factors including the lack of recent or planned exploration, and the change of focus of the Company from resources exploration to software development as a result of the corporate transaction with BOS Global Limited

Should the Conditional Offer reach completion BOS Global intends to apply the sale proceeds to the continued growth of its software development business centred on optimising productivity in the workspace.

Innovation Corporation Limited ("ICL") is a company of which Mr. Travia, Managing Director of BOS GLOBAL, is the sole shareholder and beneficial owner and ICL is a 50% participant in the Conditional Offer. Consequently, in combination with convertible note agreements with entities associated with Michael Travia (ICL and DJ Family Trust), the Conditional Offer is considered to be a Related Party Transaction under AIM Rule 13. Mr Travia has absented himself from Board discussions and decisions on the sale of BOS GLOBAL's 75% interest in CRSA.

With the exception of Mr Travia, who is involved in the transaction as a related party as described above, BOS GLOBAL's directors consider, having consulted with its nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

**ENDS**

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

About BOS GLOBAL 

BOS GLOBAL is a Software Company dedicated to making workplaces more productive. 

It does this through its patented platform built to capture and analyse activities as a smart way to help individuals to achieve greater levels of workplace efficiency.

The platform known as BOS360 Work Patterns Platform as a Service ('BOS360 PaaS') launching May 2017, is unique in its ability to digitally render real time views of productivity in the form of Work Patterns at an individual, team or organisation level. 

The platform comprises of three main business competencies;

1. Workplace Automation - How digital information (records and documents) is managed in the workplace.

2. Workplace Productivity - How people are spending their time at work

3. Workplace Integrity - How workplace information is secured and validated.

Each of these competencies are supported by a range of enterprise grade software products designed to perform a specific set of workplace functions. These products also act as both collectors and feeders of information to the BOS360 PaaS for use in the generation of Work Pattern reports and Workplace Analytics.

In addition to BOS Meet and BOS Automate, which were launched in December 2016 and January 2017 respectively, BOS Time will be launched this month in tandem with BOS360 PaaS.

BOS GLOBAL aims to generate re-occurring income through subscriptions of its BOS360 PaaS and supporting products, as well as through licensing of its patented Work Pattern technology. The Company's sales strategy is focussed on building a global distribution partner network via Enterprise Software Vendors, Professional Services organisations and Consulting Practices.

The Company is in the process of completing its investment to acquire a 40% interest in Call Design Pty Ltd on 23rd May 2017, a profitable, Australian based, global provider of workforce optimisation tools, focused particularly on call centre services, which has an established blue chip client base. This highly synergistic investment is expected to provide multiple cross-selling opportunities to both companies in line with BOS GLOBAL's strategy to deliver a comprehensive business optimisation offering globally. This investment includes the 1st Rights for BOS to acquire the balance of Call Design on the same financial terms as the initial 40% investment

Call Design sets a new standard for Workplace Optimisation, while BOS GLOBAL's software sets a new standard for Workplace Efficiency. Both products will be offered through BOS360 PaaS, setting a new standard for Workplace Analytics to give companies greater control in making informed, fact-based decisions on their operational activities; Workforce Analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimise human and machine resources.

BOS GLOBAL Holdings Limited is a LSE AIM listed company incorporated in Australia, operating from offices in Melbourne, Sydney and Brisbane. The Company also has a regional office in Hong Kong, responsible for the Asia-Pacific region and processing of large scale enterprise product sales with a greater than USD20 revenue stream over an initial three-year contract term. Such deals include acquisitions and investments like the size of Call Design.

The Company is working towards its expanded London Office with its planned move of both Corporate and Board function to London in late 2017. Further, plans are well underway to increase its representation in Europe, the Middle East and Africa (EMEA) and North America with that of Call Design, and with offices on track to be established in 2017 in London and San Francisco respectively.

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").