AIM Sch 1 Update - Forte Energy NL (2548I)

TIDMFTE

RNS Number : 2548I

AIM

26 August 2016

 
           ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT 
            PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 
            OF THE AIM RULES FOR COMPANIES ("AIM RULES") 
------------------------------------------------------------------ 
 
 COMPANY NAME: 
------------------------------------------------------------------ 
 
   BOS Global Holdings NL (note current name Forte 
   Energy NL, which will change prior to Admission) 
------------------------------------------------------------------ 
 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, 
  COMPANY TRADING ADDRESS (INCLUDING POSTCODES) 
  : 
------------------------------------------------------------------ 
 Forte Energy NL 
  Suite 3, Level 3 
  1292 Hay Street 
  West Perth WA 6005 
  Australia 
------------------------------------------------------------------ 
 COUNTRY OF INCORPORATION: 
------------------------------------------------------------------ 
 
   Australia 
------------------------------------------------------------------ 
 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION 
  REQUIRED BY AIM RULE 26: 
------------------------------------------------------------------ 
 www.forteenergy.com.au (before Admission) www.bosglobal.biz 
  (following Admission) 
------------------------------------------------------------------ 
 COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF 
  OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, 
  DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION 
  IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER 
  UNDER RULE 14, THIS SHOULD BE STATED: 
------------------------------------------------------------------ 
 
        *    BOS Global Limited is a FinTech company headquartered 
             and with its main operations in Australia which is 
             focused on the development and marketing of 
             cloud-based technology solutions to the financial 
             services sector. 
 
 
        *    Conditional upon approval from its shareholders, 
             Forte Energy NL is undertaking a reverse takeover of 
             BOS Global Limited. Admission is therefore sought as 
             a result of a reverse take-over under Rule 14. 
------------------------------------------------------------------ 
 DETAILS OF SECURITIES TO BE ADMITTED INCLUDING 
  ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES 
  (i.e. where known, number and type of shares, 
  nominal value and issue price to which it seeks 
  admission and the number and type to be held 
  as treasury shares): 
------------------------------------------------------------------ 
 
        *    50,000,000 ordinary shares in the Company with no par 
             valued to be admitted to trading 
 
 
        *    Issue price 8 pence 
 
 
        *    Nil shares to be held as treasury shares 
------------------------------------------------------------------ 
 CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) 
  AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: 
------------------------------------------------------------------ 
 
        *    Nil capital to be raised on Admission 
 
 
        *    Anticipated market capitalisation on Admission GBP4m 
------------------------------------------------------------------ 
 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS 
  AT ADMISSION: 
------------------------------------------------------------------ 
 58.4% of AIM securities not in public hands 
  at Admission 
------------------------------------------------------------------ 
 DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM 
  TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED 
  TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS 
  AIM SECURITIES) ADMITTED OR TRADED: 
------------------------------------------------------------------ 
 None 
------------------------------------------------------------------ 
 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED 
  DIRECTORS (underlining the first name by which 
  each is known or including any other name by 
  which each is known): 
------------------------------------------------------------------ 
      Directors 
        *    Glenn Featherby (Chairman) (expected to resign 
             following Admission) 
 
 
        *    Mark Reilly (non-executive director following 
             Admission) 
 
 
        *    Christopher David Grannell (non-executive director, 
             expected to resign following Admission) 
 
 
        *    Michael Travia (Managing Director following Admission 
 
 
       Proposed Directors 
        *    Larry Shutes (Non-executive Chairman following 
             Admssion) 
 
 
        *    Murray Bergin (Non-executive director) 
 
 
        *    Mark Uren (Non-executive director) 
 
 
        *    David Ireland (Non-executive director) 
------------------------------------------------------------------ 
 FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS 
  EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE 
  CAPITAL, BEFORE AND AFTER ADMISSION (underlining 
  the first name by which each is known or including 
  any other name by which each is known): 
------------------------------------------------------------------ 
   Substantial Shareholder    Before Admission   Following 
                                                   Admission 
   -------------------------  -----------------  ----------- 
    Michael Travia             0.0%               43.1% 
   -------------------------  -----------------  ----------- 
    Donizo Family Trust        0.0%               14.5% 
   -------------------------  -----------------  ----------- 
 
   Michael Travia's shares in the Company following 
   Admission will be held through the DJ Family 
   Group (42.8%) and Travia Super Fund (0.3%). 
   Donizo Family Trust is a family trust of which 
   Graeme Hopgood is the sole trustee. 
------------------------------------------------------------------ 
 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE 
  WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: 
------------------------------------------------------------------ 
 
   None 
------------------------------------------------------------------ 
 (i) ANTICIPATED ACCOUNTING REFERENCE DATE 
  (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION 
  IN THE ADMISSION DOCUMENT HAS BEEN PREPARED 
  (this may be represented by unaudited interim 
  financial information) 
  (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST 
  THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: 
------------------------------------------------------------------ 
 
        (i) 30 June 
        (ii) 31 December 2015 (audited interim financial 
        information) 
        (iii) 31 December 2016; 30 March 2017; 31 December 
        2017 
------------------------------------------------------------------ 
 EXPECTED ADMISSION DATE: 
------------------------------------------------------------------ 
 30 August 2016 
------------------------------------------------------------------ 
 NAME AND ADDRESS OF NOMINATED ADVISER: 
------------------------------------------------------------------ 
 RFC Ambrian Limited 
  Level 28, QV.1 Building 
  250 St George's Terrace 
  Perth WA 6000 
  Australia 
------------------------------------------------------------------ 
 NAME AND ADDRESS OF BROKER: 
------------------------------------------------------------------ 
 RFC Ambrian Limited 
  Level 5, Condor House 
  10 St Paul's Churchyard 
  London EC4M 8AL 
  United Kingdom 
------------------------------------------------------------------ 
 OTHER THAN IN THE CASE OF A QUOTED APPLICANT, 
  DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) 
  THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, 
  WITH A STATEMENT THAT THIS WILL CONTAIN FULL 
  DETAILS ABOUT THE APPLICANT AND THE ADMISSION 
  OF ITS SECURITIES: 
------------------------------------------------------------------ 
 Suite 3, Level 3 
  1292 Hay Street 
  West Perth WA 6005 
  Australia 
  www.forteenergy.com.au / www.bosglobal.biz 
  The Admission Document will contain full details 
  about the application and the admission of its 
  securities. 
------------------------------------------------------------------ 
 DATE OF NOTIFICATION: 
------------------------------------------------------------------ 
 26 August 2016 
------------------------------------------------------------------ 
 NEW/ UPDATE: 
------------------------------------------------------------------ 
 Update 
------------------------------------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

AIMSEASUMFMSEDA

(END) Dow Jones Newswires

August 26, 2016 05:45 ET (09:45 GMT)