REG - Woodbois Limited - Results of Annual General Meeting

WoodboisAnnouncement

29/12/2023 12:30

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RNS Number : 2448Y  Woodbois Limited  29 December 2023

29 December 2023

Woodbois Limited

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

(AIM: WBI)

 

 

Results of Annual General Meeting

 

 

Woodbois Limited (AIM: WBI), the Africa-focused forestry, timber trading,
afforestation and voluntary carbon credit company is pleased to announce that
at its Annual General Meeting held earlier today, all resolutions set out in
the Notice of Meeting dated 21 November 2023 were duly passed on a poll, which
included proxies lodged before the meeting.

 

 

 Resolutions                                                                          For    Against
 1       To receive and adopt the report and accounts for the year ended 31 December  99.1%  0.9%
         2022
 2       To re-elect Graeme Thomson as a director of the Company                      99.3%  0.7%
 3       To re appoint PKF Littlejohn LLP as auditors                                 99.2%  0.8%
 4       To authorise the Directors to determine the auditors' remuneration           99.2%  0.8%
 5       To authorise the Directors to allot relevant securities                      99.1%  0.9%
 6*      To disapply the statutory pre emption rights                                 98.7%  1.3%

 

* Special Resolution

 

 

1.   The number of votes validly cast were in respect of 1,323,351,221
shares, representing 35.9% of the 3,685,850,726 ordinary share capital of the
Company, being the total number of shares in issue with voting rights at
6.00pm on 28(th) December 2023.

2.      Percentages are rounded to one decimal place.

 

 

Enquiries:

 

 Woodbois Limited

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

 David Rothschild, CEO

 Graeme Thomson, Independent Non-Executive Director
 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 Rowury, Jon Bellis
 Axis Capital Markets Limited (Joint Broker)          +44 (0) 203 026 0449

 Ben Tadd, Lewis Jones

 

 

 

Background on Woodbois

 

Woodbois Limited (AIM:WBI) is an Africa-focused forestry company, divided into
three distinct, but highly complementary divisions comprising the production
and supply of sustainable African hardwood products, the trading of timber and
timber products, and an afforestation 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 an 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 aims to generate
voluntary carbon credits for corporate partners through the delivery of
large-scale afforestation projects. It has been allocated land of c69,000
hectares in Gabon, its first such project.

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 eighth in its Sustainability Policy Transparency Toolkit
('SPOTT'') ESG policy transparency assessments for the worldwide timber and
pulp industries for 2022.

The Company has a partnership with World Forest ID, to enhance the
traceability and identification of timber, originating from the Company's
forest concessions, firstly in Gabon. World Forest ID is an international
organisation, which is revolutionizing the protection of forests through the
application of science-based origin tracing and species identification. World
Forest ID is building an extensive global library of reference samples, from
various forest regions, for use in cross verification.

Please follow the Company on Twitter: @WoodboisLtd

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