REG - Woodbois Limited - Holding(s) in Company

WoodboisAnnouncement

05/05/2022 15:00

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RNS Number : 5069K  Woodbois Limited  05 May 2022

05 May 2022

Woodbois Limited

 

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

 

Conversion of 40 million Non-Voting Shares

 

Woodbois, the African focused sustainable forestry and timber trading
company, further to the conversion of Non-Voting Ordinary Shares notified on
21(st) April 2022, has received a request by the same shareholder for the
conversion, on a one-to-one basis, of a further 40,000,000 of its remaining
275,000,000 Non-Voting Ordinary Shares into Voting Ordinary Shares in the
Company (the "Conversion"). The Conversion will be effective on Admission (as
defined below).

Application has been made to the London Stock Exchange for the admission to
trading of the 40,000,000 new Voting Ordinary Shares resulting from the
Conversion, which is expected at 8.00am on 11(th) May 2022 ("Admission").

Following Admission, the Company's total number of Ordinary Shares in issue
will remain 2,482,117,053 and this will consist of 1,947,117,053 Voting
Ordinary Shares and 535,000,000 Non-Voting Ordinary Shares. The aforementioned
figure of 1,947,117,053 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

 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

 Celicourt Communications (IR/PR)          +44 (0)20 8434 2643

 Mark Antelme                              woodbois@celicourt.uk (mailto:woodbois@celicourt.uk)

 Jimmy Lea

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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