Proactive Investors - Run By Investors For Investors

BOS Global Holdings calls in the administrators

The company's management and directors remain committed to working with the administrators on a restructure and recapitalisation of the company
Office administrators
The AGM that was adjourned on 22 December will now not be reconvened.

It has been on the cards for a while and now office productivity software developer BOS GLOBAL Holdings Ltd (LON:BOS) has called in the administrators.

The company has been trying to raise enough cash to keep the business running as a going concern but having failed to do so, the directors considered it to be in the best interests of creditors and shareholders to appoint administrators charged with preserving the value of the group’s assets.

READ: BOS Global still looking for a new nominated adviser

The company's management and directors remain committed to working with the administrators on a restructure and recapitalisation of the company.

The Administrators will immediately undertake a review of the financial position of all the other companies in the group, with a view to further actions being taken as required by the directors of those divisions.

Trading in the shares of BOS has been suspended since December 21.

View full BOS profile View Profile

BOS GLOBAL Holdings Timeline

Newswire
January 09 2018

Related Articles

Dancing Sikh
April 12 2018
With 4bn tickets sold each year for Bollywood films, it is little wonder that India is taking an interest in GrooveME's hologram technology but that same technology can bring a bit of India to places such as Thetford
lock
October 18 2018
Managed services revenue jumped 52% in the first half of 2018 with the order book standing at £2.4mln.
Rail car on a track
July 26 2018
The US has more than 1.5 million freight cars and Duos Technologies has found a faster and innovative way to safely maintain them

© Proactive Investors 2018

Proactive Investors 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