REG - Woodbois Limited - Conversion of non-voting shares

WoodboisAnnouncement

19/12/2024 07:00

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RNS Number : 6682Q  Woodbois Limited  19 December 2024

19 December 2024

WOODBOIS LIMITED

("Woodbois" or the "Company")

 

Conversion of 585 million non-voting shares

Woodbois Limited announces that it has received a conversion notice from Rhino
Ventures Limited for the conversion, on a one-to-one basis, of its remaining
585,000,000 non-voting ordinary shares (the "Conversion Shares") into voting
ordinary shares in the Company (the "Conversion"). The Conversion will be
effective at Admission (as defined below).

Application will be made to the London Stock Exchange for the Conversion
Shares to be admitted to trading on AIM ("Admission") and Admission is
expected to occur on or around 27 December 2024. The Conversion Shares will,
upon Admission, rank pari passu with the existing ordinary shares in the
Company.

Following the Conversion becoming effective, there will be no outstanding
non-voting ordinary shares.

Following Admission, the Company's total number of Ordinary Shares in issue
will remain as 5,199,179,349 ordinary shares of 0.01 pence each, but will
comprise 5,180,041,202 voting ordinary shares and 19,138,147 treasury shares.
The aforementioned figure of 5,180,041,202 voting ordinary shares may be used
by shareholders in the Company as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change to their interest in the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

Enquiries:

 

 Woodbois Limited                             + 44 (0)20 7099 1940

 Guido Theuns, Executive Chair & CEO

 Johannes Bloemen, CFO

 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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