REG - Woodbois Limited - PDMR Shareholding & TR1
29/04/2022 14:15
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RNS Number : 9177J Woodbois Limited 29 April 2022
29(th) April 2022
Woodbois Limited
("Woodbois", the "Group" or the "Company")
PDMR Shareholding & TR1
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 25,688,008 Voting Ordinary Shares and now
holds 19.39% of the Voting Ordinary Shares. Full details are set out below.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
FCA in Microsoft Word format if possible)(i)
1a. Identity of the issuer or the underlying issuer of existing shares to Woodbois Limited
which voting rights are attached(ii):
1b. Please indicate if the issuer is a non-UK issuer (please mark with an
"X" if appropriate)
Non-UK issuer X
2. Reason for the notification (please mark the appropriate box or boxes with
an "X")
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)(iii):
3. Details of person subject to the notification obligation(iv)
Name Lombard Odier Asset Management (Europe) Limited
City and country of registered office (if applicable) London, United-Kingdom
4. Full name of shareholder(s) (if different from 3.)(v)
Name Disclosure on behalf of accounts managed on a discretionary basis by Lombard
Odier Investment Managers group.
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached(vi): 28/04/2022
6. Date on which issuer notified (DD/MM/YYYY): 28/04/2022
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments Total of both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) (vii)
(total of 8.B 1 + 8.B 2)
Resulting situation on the date on which threshold was crossed or reached 19.39% 19.39% 369,852,222
Position of previous notification (if 24.23% 24.23% 395,540,230
applicable)
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached(viii)
A: Voting rights attached to shares
Class/type of Number of voting rights(ix) % of voting rights
shares
ISIN code (if possible)
Direct Indirect Direct Indirect
(Art 9 of Directive 2004/109/EC) (DTR5.1) (Art 10 of Directive 2004/109/EC) (DTR5.2.1) (Art 9 of Directive 2004/109/EC) (DTR5.1) (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GG00B4WJSD17 369,852,222 19.39%
SUBTOTAL 8. A 369,852,222 19.39%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of financial instrument Expiration Exercise/ Number of voting rights that may be acquired if the instrument is % of voting rights
date(x)
Conversion Period(xi)
exercised/converted.
n/a n/a n/a n/a n/a
SUBTOTAL 8. B 1 n/a n/a
B 2: Financial Instruments with similar economic effect according to Art.
13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument Expiration Exercise/ Physical or cash Number of voting rights % of voting rights
date(x)
Conversion Period (xi)
settlement(xii)
n/a n/a n/a n/a n/a n/a
SUBTOTAL 8.B.2 n/a n/a
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural X
person or legal entity and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying) issuer(xiii)
Full chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity(xiv )(please add additional rows as
necessary)
Name(xv) % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher Total of both if it equals or is higher than the notifiable threshold
than the notifiable threshold
Lombard Odier Asset Management (Europe) Limited 19.39% n/a 19.39%
10. In case of proxy voting, please identify:
Name of the proxy holder n/a
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information(xvi)
Please note that no trading activity occurred between our last public
disclosure on 3(rd) March 2021 (24.23%) and 26(th) April 2022 (20.74%) where
changes were due to changes in voting shares in issue.
Place of completion London
Date of completion 28/04/2022
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 Tucan
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)
27/04/2022 0.05p 3,900,000
27/04/2022 0.06p 4,080,345
28/04/2022 0.06p 5,500,000
28/04/2022 0.06p 12,207,663
d) Aggregated information Price(s) Volume(s) Total
0.058p 25,688,008 1,502,280.48
- Aggregated volume
- Aggregated price
- Aggregated total
e) Date of the transaction 27/28 April 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
0.058p 25,688,008 1,502,280.48
e)
Date of the transaction
27/28 April 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
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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