REG - Woodbois Limited - Issuance of Shares and Warrants

WoodboisAnnouncement

12/01/2024 07:00

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RNS Number : 4649Z  Woodbois Limited  12 January 2024

12 January 2024

Woodbois Limited

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

 

Issuance of Shares & Warrants

 

Woodbois Ltd (AIM: WBI), a leading company in the international timber
industry, today announces that, under authorities granted at its AGM on 29
December 2023, and elections subsequently received from the beneficiary, it is
issuing deferred consideration as set out in the Financing Package detailed in
the RNS dated 28 June 2023.

Under the Commission Agreement, the Company has received an election to issue
60,000,000 new Voting Ordinary Shares to the beneficiary. Application has been
made to the London Stock Exchange for these Shares to be admitted to trading
on AIM ("Admission"). It is expected that Admission will become effective on
or before 8.00 a.m. on 17 January 2024.

The Company has also received an election to issue 60,000,000 warrants
convertible into Voting Ordinary Shares, and 350,000,000 warrants convertible
into Non Voting Ordinary Shares, each exercisable at 1p per share until 29
June 2025.

Total Voting Rights

Following Admission, the Company's total number of Ordinary Shares in issue
will become 4,349,988,873, which will consist of 3,745,850,726 Voting Ordinary
Shares, 19,138,147 Treasury Shares and 585,000,000 Non-Voting Ordinary Shares.
The aforementioned figure of 3,745,850,726 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.

Warrants

 

Following the above, there are a total of 1,260,000,000 warrants to subscribe
for Voting Ordinary Shares and 350,000,000 warrants to subscribe for
Non-Voting Ordinary Shares, each exercisable at a price of 1p per share until
29 June 2025.

 

Unless otherwise stated, all defined terms in this announcement will have the
same meaning as that provided in the RNS dated 28 June 2023, which also
contains further background.

 

Enquiries:

 

 Woodbois Limited

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

 Canaccord Genuity (Nominated Advisor & 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

 Axis Capital Markets Limited (Joint Broker)               +44 (0) 203 026 0449

 Ben Tadd, Lewis Jones

 

 

 

About Woodbois Ltd: Woodbois Ltd 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, Woodbois Ltd strives to set industry standards and exceed
expectations.

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