Bos Glb Hldgs Regulatory News (BOS)

BOS GLOBAL ("BOS" or "the Company")

Placing to raise £600,000

8 December 2016

BOS GLOBAL Holdings Limited, the AIM quoted software company focused on providing businesses with productivity solutions to drive efficient business practices and workplace engagement, is pleased to announce that it has successfully raised £600,000 via the issue of 6,666,667 new fully paid ordinary shares in the capital of the Company (the 'Placing Shares') at a placing price of 9 pence per ordinary share to both new and existing shareholders (the 'Placing').

The funds raised will be used for acquisition opportunities the Company may consider with its recently announced Advisory Council, and possibilities to expand its sales and marketing presence resulting from the recent addition of BOS labelled products under the terms of the Agreement with Ag-I Solutions Limited ready for sale from December 2016.

The placement is in addition to the funding already made available to the Company under the £1.392m DJ Family Trust convertible note facility (the 'DJ Facility'), which provides £116,000 per month at a fixed conversion price of £0.16 pence. Shares issued under each conversion notice will have a corresponding 12-month lock-in, with the first conversion notice expected on or before 15 December 2016. As previously announced, funds from DJ Facility are intended to be used to accelerate the development and product rollout of the Company's BOS360 Work Patterns System, due for market release in May 2017

Michael Travia, Managing Director of BOS, said: "With BOS already funded for its BOS360 Work Patterns roll out, I am delighted that the Company now has a cash buffer to avail of acquisition opportunities and the potential to expand its points of presence".

Details of the Placing

The placing is a private placement to sophisticated investors in accordance with section 708(8) of the Australian Corporations Act 2001 (Cth). Application will be made for the Placing Shares, which will rank pari passu with the existing ordinary shares in the Company ('Ordinary Shares'), to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings will commence on or around Wednesday 14 December 2016.

The Company advises that it has also completed the allotment of conversion shares to DJ Family Trust announced on 2 December 2016. Following admission of the conversion shares and Placing Shares, BOS will have 66,491,866 fully paid ordinary shares in issue. Entities associated with Michael Travia will hold 26,981,511 shares, representing 40.6% of the total shares on issue.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

**ENDS**

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

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.