REG - Woodbois Limited - Board Changes

WoodboisAnnouncement

25/03/2025 07:15

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RNS Number : 9646B  Woodbois Limited  25 March 2025

25 March 2025

WOODBOIS LIMITED

("Woodbois" or the "Company")

 

Board Changes

 

Woodbois Limited (AIM: WBI), a leading company in the international timber
industry, announces the following changes to the board of Woodbois (the
"Board") with immediate effect.

 

Further to his appointment on 9 January 2025 as Chief Executive Officer, Mr
Lucas Kanmé has joined the Board.  Cobus van der Merwe has been also been
appointed as a non-executive director of the Company.  The Board will seek to
appoint additional directors to the Board to strengthen Woodbois' capabilities
and its corporate governance as it seeks to revitalise the operating business.

 

Lucas Kanmé brings a 35-year business career which has included executive
roles in the private equity and IT sales industries. He began on the AEX
futures market, where he trained and worked as a trader, developing a profound
understanding of financial markets while managing personal investment
portfolios. Transitioning into private equity, Lucas held senior positions
with Canadian firms, focusing on the small-cap market. He provided strategic
advisory services, leveraging his financial expertise to drive growth,
optimize investments, and support business transformations.

 

Cobus van der Merwe is a qualified Chartered Accountant (South Africa) who has
held senior financial, managerial and executive level positions for over 18
years in the investment management and energy, utilities and resources
sectors. His experience includes servicing clients based in the United
Kingdom, Ireland and Africa with specific experience in the Energy and
Resources industries. He is currently Chief Executive Officer having been
Chief Financial Officer at Kibo Energy PLC, an AIM listed company. He is a
member of the South African Institute of Chartered Accountants (SAICA) and
also hold a BCom degree in Accounting and a BCompt Honours degree in
Accounting Science. It is intended that Cobus will chair the Audit and Risk
committee of the Company.

 

Further disclosures pursuant to Rule 17 and Schedule Two, paragraph (g) of the
AIM Rules for Companies:

 

Mr Lucas Marco Kanmé

 

The following information regarding the appointment of Mr Lucas Marco Kanmé,
aged 61, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 

 Current directorships and/or partnerships  Past directorships and/or partnerships (within the last five years)
 Woodbois Services Limited                  Getcoman Trading Ltd (Cyprus)

 

Mr Jacobus ("Cobus") Johannes van der Merwe

 

The following information regarding the appointment of Mr Jacobus Johannes van
der Merwe, aged 44, is disclosed under Schedule 2(g) of the AIM Rules for
Companies:

 

 Current directorships and/or partnerships  Past directorships and/or partnerships (within the last five years)
 Kibo Energy PLC (Ireland)                  NG National Broadband Solutions (Pty) Ltd (SA)
 LogicliQ (Pty) Limited (SA)
 Sustineri Energy (Pty) Limited (SA)
 ICON Park (Pty) Limited (SA)
 NextGen Fuels (Pty) Limited (SA)
 Kibo Mining South Africa (Pty) Ltd (SA)
 Shankley Biogas Ltd
 Kibo Energy Public Limited (Pty) Ltd (SA)

 

Save as set out above there are no further disclosures pursuant to Rule 17 or
Schedule Two paragraph (g) of the AIM Rules for Companies in respect of the
appointment of Lucas Kanmé and Cobus van der Merwe.

 

Enquiries:

 

 Woodbois Limited

 Lucas Kanmé, Chief Executive Officer

 Allenby Capital Limited (Nominated Adviser)  +44 (0)20 3328 5656 info@allenbycapital.com

 John Depasquale, Piers Shimwell

 Novum Securities (Joint Broker)              +44 (0) 20 7399 9427

 Colin Rowbury, Jon Bellis

 Axis Capital Markets Limited (Joint Broker)  +44 (0) 203 026 0449

 Ben Tadd, Lewis Jones

 

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