Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

BOS GLOBAL confirms departure of two directors; AGM adjourned until New Year

BOS GLOBAL said it is looking to appoint new directors as only one, Mark Uhren, currently remains
boardroom
Shares are suspended pending clarification of BOS's financial position, board composition and publication of its accounts

Office productivity software group BOS GLOBAL Holdings Ltd (LON:BOS) confirmed on Friday that two of its directors have resigned from the board ahead of the annual general meeting.

Adam Webb and David Ireland were up for re-election but handed in their resignations beforehand.

That leaves the remaining director, Mark Uhren, in a tricky spot as BOS’s constitution means that without at least three board members he can only act in an emergency.

The company said it was on the lookout for replacement directors, adding that it will make an announcement in due course should someone be appointed.

After the resignations the AGM was adjourned until 17 January to allow for the annual report to be completed.

Shares suspended

BOS shares were suspended on Thursday after talks with a potential funding partner broke down.

READ: Ex-CEO wants back in

The firm is in need of a cash injection after Innovation Corporation – the company’s main lender and the vehicle of ex-chief executive Michael Travia – cut its funding last month.

A proposal is on the table from a group of shareholders and that looks like the best chance of the company avoiding administration.

View full BOS profile View Profile

BOS GLOBAL Holdings Timeline

Newswire
January 09 2018

Related Articles

Woman in sparkly evening dress
November 21 2017
Unlike previous Mporium deals, no agency was involved; the agreement was signed directly between Mporium and the fashion company
Mergers & acquisitions - takeover
January 11 2018
"Vermeg's acquisition of Lombard Risk will create a leading global financial software provider," said Badreddine Ouali, founder and chairman of Vermeg
RSI International Systems looking to scale up with its innovative hotel property management system
July 18 2017
RoomKeyPMS is the product at the heart of Toronto-listed RSI International Systems Inc's business

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use