REG - Woodbois Limited - Directorate Change

WoodboisAnnouncement

04/12/2023 07:00

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RNS Number : 4845V  Woodbois Limited  04 December 2023

04 December 2023

Woodbois Limited

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

 

Appointment of Independent Non-Executive Director

 

Woodbois Limited (AIM: WBI), the African-focused forestry, timber trading,
reforestation and voluntary carbon-credit company, is pleased to announce the
appointment of Guido Theuns to the role of Independent Non-Executive Director
with immediate effect.

 

Guido has a wide range of international business experience gained over 40
years, in particular in investor communications, governmental and commercial
negotiations, risk management, IT and investment fund and family office
structuring.  He is a Dutch national living in France and holds both a
B.Sc and B.Ed degrees.

 

Guido will be a Member of the Audit, Remuneration and Nominations Committees.

 

Chair Graeme Thomson said "Guido brings a welcome wealth of experience and
impartial views to Woodbois at a key moment during its review of activities
and strategy.  He will be a strong support for many aspects of the Group's
operations and highly constructive in its governance. "

 

Guido Theuns said: "I am honored to join Woodbois as an Independent
Non-Executive Director and look forward to leveraging my extensive
international business experience to contribute to the Company's growth and
strategic initiatives. This is an exciting and important time for Woodbois and
I am optimistic about its future development. "

 

As announced previously, Paul Dolan has now stepped down and leaves after
seven years with the Company's thanks and best wishes.

 

Regulatory Disclosures:

The following information regarding the appointment of Guido Wilhelmus
Theuns (aged 63) is disclosed under Schedule 2(g) of the AIM Rules for
Companies:

 

Current directorships and/or partnerships

 

Cosmopoliet Den Bosch BV

Goseth France EURL

Merlanes Vakanties BV

SARL Domaine de Merlanes

SCI Le Trio

 

Former directorships and/or partnerships

 

GBC Suisee AG:  March 2021 - October 2021

 

Guido Theuns was a director of SC Residence Merlanes from January 2006 to
September 2013. SC Residence Merlanes entered into an administration process
in 2013 which is currently ongoing.

 

Mr Theuns does not hold any ordinary shares in the Company.

There are no further disclosures required under Schedule 2(g) of the AIM Rules
for Companies.

Enquiries:

 Woodbois Limited                                         +44 (0) 20 7099 1940

 Graeme Thomson, Non-Executive Chair

 David Rothschild, CEO

 Carnel Geddes, CFO

 Canaccord Genuity, Nominated Adviser and Joint Broker    +44 (0) 20 7523 8000

 Henry Fitzgerald O'Connor, Harry Pardoe

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

 Colin Rowbury, Jon Bellis

 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
timber and timber 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 an 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 aims to generate
voluntary carbon credits for corporate partners through the delivery of
large-scale reforestation projects. The conditional lease announced today is
its first project.

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 eighth in its Sustainability Policy Transparency Toolkit
('SPOTT'') ESG policy transparency assessments for the worldwide timber and
pulp industries for 2022.

The Company agreed a new partnership with World Forest ID, which will enhance
the traceability and identification of timber, originating from the Company's
forest concessions in Gabon. World Forest ID is an international
organisation, which is revolutionizing the protection of forests through the
application of science-based origin tracing and species identification. World
Forest ID is building an extensive global library of reference samples, from
various forest regions, for use in cross verification.

Please follow the Company on Twitter: @WoodboisLtd

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