REG - Woodbois Limited - Director/PDMR Shareholding

WoodboisAnnouncement

26/05/2022 18:00

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RNS Number : 9955M  Woodbois Limited  26 May 2022

26(th) May 2022

Woodbois Limited

 

("Woodbois", the "Group" or the "Company")

 

PDMR Shareholding

 

Holdings in Company

 

Woodbois, the African focused sustainable forestry and timber trading
company, has been informed by Lombard Odier Asset Management (Europe) Limited,
a person closely associated ("PCA") with Henry Turcan, a Non-Executive
Director of the Company, has sold 30,000,000 Voting Ordinary Shares and now
holds 16.40% of the Voting Ordinary Shares. Full details are set out below.

 1.  Details of the Person discharging managerial responsibilities ("PDMR") /
     person closely associated with them ("PCA")
 a)  Name                                     Lombard Odier Asset Management (Europe) Limited
 2.  Reason for the notification
 a)  Position / status                        Person closely associated with Henry Turcan
 b)  Initial notification / amendment         Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Woodbois Limited
 b)  Legal Entity Identifier                   2138001U7SLCSRKV3P06
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument  Ordinary Shares
 b)  Nature of the transaction                Sale
 c)  Price(s) and volume(s)                   Date        Price(s)  Volume(s)
                                              24/05/2022  0.065p    25,000,000
                                              24/05/2022  0.065p    5,000,000

 
 d)  Aggregated information                   Price(s)  Volume(s)   Total

                                        0.065p    30,000,000
     - Aggregated volume

     - Aggregated price

     - Aggregated total
 e)  Date of the transaction                  24 May 2022 (UK)
 f)  Place of the transaction                 London Stock Exchange, AIM

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 Price(s)  Volume(s)   Total
 0.065p    30,000,000

e)

Date of the transaction

24 May 2022 (UK)

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

 

 

Enquiries:

 

 Woodbois Limited

 Paul Dolan - Chief Executive Officer      + 44 (0)20 7099 1940

 Carnel Geddes - Chief Financial Officer

 Canaccord Genuity, Nominated Advisor      + 44 (0)20 7523 8000

 Henry Fitzgerald-O'Connor

 James Asensio

 Gordon Hamilton

Background on Woodbois

 

Woodbois Limited (AIM:WBI) is an African-focused forestry company, divided
into three distinct, but highly complementary divisions comprising the
production and supply of sustainable African hardwood products, the trading of
hardwood and hardwood products, and a reforestation and carbon credit
division.

 

Woodbois' forestry division has production facilities in Gabon and Mozambique,
managing a total of c470,000 hectares of natural forest concessions. The
trading division comprises a highly experienced team of timber specialists,
who source and supply sustainable timber to a global customer base. Its
proprietary technology developed in house, captures, stores and presents data,
providing a matching engine to build scale and optimise trading opportunities
with its global customer base.

 

The Company's carbon sequestration and trading division was formed in March
2021 and aims to generate voluntary carbon credits for corporate partners
through the delivery of large-scale reforestation projects.

 

The Company's focus on the transparency and sustainability of its timber
operations has been recognised by The Zoological Society of London, which
ranked Woodbois joint sixth in its Sustainability Policy Transparency Toolkit
('SPOTT'') ESG policy transparency assessments for the worldwide timber and
pulp industries for 2021.

 

Please follow the Company on Twitter: @WoodboisLtd

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