REG - Woodbois Limited - Results of Annual General Meeting

WoodboisAnnouncement

08/06/2022 15:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220608:nRSH1980Oa&default-theme=true

RNS Number : 1980O  Woodbois Limited  08 June 2022

8th June 2022

Woodbois Limited

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

(AIM: WBI)

 

 

Results of Annual General Meeting

 

 

Woodbois Limited (AIM: WBI), the African focused forestry, timber trading,
reforestation and voluntary carbon credit company is pleased to announce that
at its Annual General Meeting held at 11:00am on 8(th) June 2022 all
resolutions were duly passed on a poll, which included proxies lodged before
the Meeting. Resolutions 1 to 7 were passed as ordinary resolutions and
Resolution 8 was passed as a special resolution. The voting results are given
below.

 

 

 Resolutions                                                                          For      Against  Abstain
 1       To receive and adopt the report and accounts for the year ended 31 December  98.544%  0.017%   1.439%
         2021
 2       To elect David Rothchild as a director of the Company                        99.978%  0.019%   0.003%
 3       To re-elect Carnel Geddes as a director of the Company                       99.949%  0.048%   0.003%
 4       To re-elect Graeme Thomson as a director of the Company                      98.512%  0.049%   1.439%
 5       To re appoint PKF Littlejohn LLP as auditors                                 98.544%  0.017%   1.439%
 6       To authorise the Directors to determine the auditors' remuneration           99.979%  0.019%   0.002%
 7       To authorise the Directors to allot relevant securities                      99.971%  0.025%   0.004%
 8       To disapply the statutory pre emption rights                                 99.938%  0.057%   0.005%

 

 

A copy of the presentation made at the AGM has been uploaded to the Company's
website.

https://www.woodbois.com/wp-content/uploads/Woodbois-AGM-Presentation-2022.pdf
(https://www.woodbois.com/wp-content/uploads/Woodbois-AGM-Presentation-2022.pdf)

 

 

1.      The number of votes validly cast were in respect of 2,007,117,053
shares, representing 80.863% of the 2,482,117.053  issued share capital of
the Company, being the total number of shares in issue with voting rights at
6.00pm on 6th June 2022.

2.      Percentages are rounded to three decimal places.

 

 

Enquiries:

 

 Woodbois Limited

 Paul Dolan - CEO                                  + 44 (0)20 7099 1940

 Canaccord Genuity (Nominated Advisor and Broker)  + 44 (0)20 7523 8000

 Henry Fitzgerald-O'Connor

 James Asensio

 Gordon Hamilton

 

 

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGFPMJTMTAMBBT