Bos Glb Hldgs Regulatory News (BOS)

BOS GLOBAL Holdings Limited

ACN 009 087 852

AIM Release

14 November 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 by collecting and reporting workforce analytics, advises that it has today resolved the conversion of the latest funds drawn down from Innovation Corporation Limited ("Innovation") of £217,125 at a fixed rate of 16 pence per share in accordance with the terms of its £1.875m Convertible Note agreement ("Note") with Innovation. This conversion relates to funds drawn down in October and November 2017.

As a result, Innovation will receive 1,357,031 fully paid ordinary shares in BOS. Application will be made to admit these shares to trading on AIM with admission expected on or about Monday 20 November 2017. These shares will be subject to a 12-month lock-in agreement from the date of conversion. Under the terms of the Note, Innovation will also be granted 1,357,031 Conversion Options with an exercise price of 20 pence and expiring on 30 September 2018. Conversion Options and shares issued upon exercise of Conversion Options will not be subject to lock-in agreements.

Following this conversion, £1,061,484 remains available to the Company under the Note. Following admission of the conversion shares, BOS will have 80,992,241 fully paid ordinary shares in issue and the following options and warrants on issue:

5,084,475 options of exercise price 20 pence and expiry date 30 September 2018;

146,015 options of exercise price 150 pence and expiry date 4 December 2018;

20,282 warrants of exercise price 957 pence and expiry date 14 October 2019;

54,825 warrants of exercise price 1,197 pence and expiry date 21 October 2019;

16,709 warrants of exercise price 823 pence and expiry date 6 January 2020;

27,848 warrants of exercise price 718 pence and expiry date 5 June 2020; and

500,000 warrants of exercise price 10.4 pence and expiry date 26 August 2021.

Entities associated with Michael Travia will hold 15,294,380 shares, representing 18.9% of the total shares on issue and 5,084,475 options of exercise price 20 pence and expiry date 30 September 2018.

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:

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.