REG - Woodbois Limited - Directorate Change

WoodboisAnnouncement

12/08/2024 10:00

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RNS Number : 0805A  Woodbois Limited  12 August 2024

12 August 2024

WOODBOIS LIMITED

 

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

 

Board Changes

 

Woodbois Ltd (AIM:WBI), a leading Company in the international timber
industry, announces the following Board changes.

 

Johannes Bloemen is appointed as CFO with immediate effect. He has been with
the Group heading up and reorganising the Gabon finance function since early
January 2024 and more recently has been assuming increasingly wider
responsibility for the Group's finance function. Johannes has had a long
career in senior financial positions in various complex municipalities, as
well as providing accountancy and tax advice to other clients.

 

Further to the announcement on 12 June 2024, the Company also announces that
Carnel Geddes, former CFO, and Graeme Thomson, Independent Non-Executive
Director, step down from the Board of Directors today.

 

The Company remains committed to the corporate governance principles set out
in the Quoted Companies Alliance Code and accordingly intend to appoint an
additional independent Non-Executive Director in the coming months.

 

Executive Chair & CEO Guido Theuns said: "We are fortunate to have
Johannes become our CFO today. The work he has performed since the start of
2024 in the reorganisation and revamp in Gabon has been impressive and
invaluable. He has more recently also served as Interim Group Head of Finance.

As we consolidate disparate Woodbois offices and functions, he will assist
materially in ensuring we are cost-effective, that our real-time reporting is
first class, as well as helping to facilitate our growth, cash generation and
profitability.

I wish to thank Carnel Geddes and Graeme Thomson, for the extended and
professional handover to their replacements since they announced their
intended departure.  They leave with our thanks and good wishes."

Johannes Bloemen, CFO, said "I have seen first-hand that there is huge
potential for us to unlock in Woodbois and look forward to updating
shareholders as we continue to right-size and streamline our production,
systems and team."

 

 

Further information in relation to the Director appointment

 

Johannes Leonardus Bloemen (aged 62) has confirmed that, other than the
information disclosed below, there are no matters to be disclosed under Rule
17 and paragraph (g) of Schedule 2 of the AIM Rules.

 

Current directorships:

IFC BV

Bloemen Beheer BV

Innovateam BV *

LED's make a difference BV *

 

Previous directorships or similar/partnerships held in the past 5 years:

Stadsgewest-Hertogenbosch (Financial Director)

Bloemen Beheer BVBA

 

 

* Bloemen Beheer BV, a company wholly owned by Johannes Bloeman, is the
director

 

 

As at the date of appointment, Johannes Bloemen does not hold any shares or
other interests in Woodbois.

 

 

 

Enquiries:

 Woodbois Limited

 Guido Theuns, Executive Chair & CEO                + 44 (0)20 7099 1940

 Johannes Bloemen, CFO
 Canaccord Genuity (Nominated Advisor and 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
 Axis Capital Markets Limited (Joint Broker)        +44 (0) 203 026 0449

 Ben Tadd, Lewis Jones

 

About Woodbois:

Woodbois is a Guernsey-based company at the forefront of the timber industry,
committed to delivering quality products and sustainable solutions. With a
legacy of innovation and a vision for the future, it strives to set industry
standards and exceed expectations. Please follow the Company on X:
@WoodboisLtd

 

 

 

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