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9 Dec 2016 07:00
BOS GLOBAL Holdings Limited
ACN 009 087 852
AIM Release
9 December 2016
DJ Convertible Note - First Drawdown & Conversion
BOS GLOBAL Holdings Limited ("BOS" or "the Company") (AIM: BOS), advises that it has completed the first monthly drawdown of £116,000 due December 2016 under its £1.392m Convertible Note agreement ("Note") with DJ Family Trust ("DJFT").
The Company has also received and accepted a Conversion Notice from DJFT for £116,000 at a fixed rate of 16 pence per share in accordance with the terms of the Note. As a result, DJFT will receive 725,000 fully paid ordinary shares in BOS. Application will be made to the AIM market of the London Stock Exchange ("AIM") to admit these shares to trading on AIM with admission expected on or about Thursday 15 December 2016. These shares will be subject to a 12-month lock-in agreement from the date of conversion. The Company confirms that, as a consequence of this Conversion Notice, it currently has no debt outstanding.
After this first drawdown, £1,276,000 remains available to the Company under the Note. The second monthly instalment of £116,000 is due on 15 January 2017. Following admission of the conversion shares, BOS will have 67,216,866 fully paid ordinary shares in issue. Entities associated with Michael Travia will hold 27,706,511 shares, representing 41.2% of the total shares on issue.
For further information please visit www.bosglobal.com or contact:
Michael Travia Managing Director | BOS GLOBAL Holdings Limited | Tel: +61 (0) 8 9322 4071 E: shareholder@bosglobal.com |
Oliver Morse NOMAD and Broker | RFC Ambrian Limited | Tel: +61 (0) 8 9480 2500 |
Charles Goodfellow / Lucy Williams Joint Broker | Peterhouse Corporate Finance Limited | Tel: +44 (0) 20 7220 9791 |
Elisabeth Cowell / Charlotte Page Financial PR | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
About BOS GLOBAL
BOS GLOBAL is a software company focused on creating enterprise productivity solutions for the global workforce market. It does this through a blend of business process automation, intelligence gathering and advanced analytics to drive efficient business practices and workplace engagement.
The Company is currently developing the BOS360 Work Patterns Platform based upon its existing and international patent pending research and development, and to provide businesses with a comprehensive platform through which they can capture, manage and measure productivity in real time at the individual, team and organisational level.
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