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November 24, 1987

BOS GROUP GEARS UP FOR FLOTATION ON UNLISTED MARKET EARLY NEXT YEAR

By CBR Staff Writer

BOS Group Plc which is planning to go public early next year with a flotation on the Unlisted Securities Market (CI No 812) released further details of its flotation when it launched the BOS 2000 range yesterday. The company has appointed York Trust as its sponsers and C L Alexanders Laing and Cruickshank as brokers. This follows a consistent growth rate of 30% per annum and profits of UKP381,000 for the year to April 1987, up from UKP102,000 in April 1982. Turnover stood at UKP3.8m in April, with UKP5m being forecast for this financial year. BOS shares are presently owned by directors, staff and financial institutions Charterhouse Development Capital and Investors in Industry, 3i, which put UKP550,000 up in October 1985. BOS can boast a worldwide user base of over 12,000 with a dealer network approaching 200, set to increase in the near future. BOS has its eye firmly on the big time and reckons the capital the flotation will bring will act as the necessary springboard. Amongst the products it announced was the BOS 2000 operating system which runs under DOS, OS/2, Netware from Novell or DEC’s VMS. BOS is currently holding talks with companies that specialise in the Novell NetWare and DEC VMS fields with a view to joint ventures. An announcement is expected within the next three months.

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