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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
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

January 09 2018

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