BOS GLOBAL Holdings Limited Director/PDMR Shareholding (9902O)
25 August 2017 - 5:07PM
UK Regulatory
TIDMBOS
RNS Number : 9902O
BOS GLOBAL Holdings Limited
25 August 2017
BOS GLOBAL Holdings Limited
ACN 009 087 852
AIM Release
25 August 2017
Director/PDMR Shareholding
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, has been notified
that on 24 August 2017 that Mr. Michael Travia, Managing Director
of the Company, transferred 10,000,000 ordinary shares,
constituting 13.2% of the Company's issued ordinary share capital,
from Innovation Corporation Limited ("Innovation") to DJ3 Silicon
Valley Growth Inc ("DJ3"). DJ3 is a private investment entity
incorporated on 12 August 2017 in the State of California, USA, for
the management of the wealth of Mr. Travia. Mr. Travia is the sole
Director and beneficial owner of DJ3.
As a result of this transfer Innovation now holds 21,420,917
shares (28.2%) in the Company. There was no change in the ultimate
beneficial ownership of the shares in the Company as a result of
the transfer. Entities associated with Mr Travia continue to hold a
total of 31,579,077 shares (41.6%) in the Company.
There has been no change to the GBP1.875m Convertible Note
agreement ("Note") with Innovation which was announced on 5 July
2017.
**ENDS**
For further information please visit www.bosglobal.com or
contact:
Michael Travia BOS GLOBAL Tel: +61 (0) 8 9322
Managing Director Holdings Limited 4071
Mark Uren E: shareholder@bosglobal.com
Chief Operating
Officer
=================== =================== ==============================
Andrew Thomson RFC Ambrian Tel: +61 (0) 8 9480
NOMAD Limited 2500
=================== =================== ==============================
Charles Goodfellow Peterhouse Tel: +44 (0) 20 7220
/ Corporate Finance 9791
Lucy Williams Limited
Broker
=================== =================== ==============================
Megan Dennison St Brides Partners Tel: +44 (0) 20 7236
/ Ltd 1177
Charlotte
Page
Financial
PR
=================== =================== ==============================
About BOS GLOBAL
BOS GLOBAL is a Software Company dedicated to making workforces
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 efficiency.
The platform known as BOS360 Work Patterns Platform as a Service
('BOS360 PaaS'), launched in 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. Workforce 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 workforce 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 Workforce Analytics.
Since May 2017, BOS GLOBAL has six revenue generating products -
BOS Meet, BOS Time, BOS360 PaaS and BOS Automate Suite since its
first product launch (BOS Meet) in December 2016. For more
information of how BOS GLOBAL products can help your workforce
increase efficiency and productivity visit www.bos-360.com
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 focused on building a global
distribution partner network via Enterprise Software Vendors,
Professional Services organisations and Consulting Practices.
The Company has a 40% equity interest in Call Design Pty Ltd, a
profitable, Australian based, global provider of workforce
management, 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 of Offer and Refusal for
BOS GLOBAL to acquire the balance of Call Design on the same
financial terms as the initial 40% investment
Call Design sets a new standard for Workforce Management, while
BOS GLOBAL's software sets a new standard for Workforce Efficiency.
Both products will be offered through BOS360 PaaS, setting a new
standard for Workforce 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 an 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 US$20
million 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").
This information is provided by RNS
The company news service from the London Stock Exchange
END
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