REG - Woodbois Limited - Results of General Meeting

WoodboisAnnouncement

16/06/2023 12:00

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RNS Number : 0314D  Woodbois Limited  16 June 2023

16(th) June 2023

Woodbois Limited

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

(AIM: WBI)

 

 

Results of General Meeting

 

 

Woodbois Limited (AIM: WBI), the African focused sustainable forestry,
reforestation, carbon sequestration and timber trading company is pleased to
announce that at its General Meeting held at 11:00am on 16th June 2023 all
resolutions were duly passed on a poll, which included proxies lodged before
the Meeting.  The voting results are given below.

 

 

 Resolutions                                                                             For    Against  Abstain
 1       To adjust the nominal value per ordinary share to 0.01p                         97.9%  1.8%     0.3%
 2       To authorise the directors to allot ordinary shares up to a nominal value of    98.2%  1.4%     0.4%
         £275,000
 3       To authorise the directors to allot ordinary shares with a nominal value of up  97.2%  1.8%     1.0%
         to £275,000 without pre-emption

 

 

 

1.      The number of votes validly cast were in respect of 487,387,158
voting ordinary shares, representing 19.6% of the 2,485,850,726  issued
voting share capital of the Company, being the total  in issue at 6.00pm on
14(th) June 2023.

2.      Percentages are rounded to one decimal place. Resolutions 1 and 2
were ordinary resolutions, Resolution 3 was a special resolution

 

 Enquiries:

 

 Woodbois Limited

 Paul Dolan - Chief Executive Officer

 Carnel Geddes - Chief Financial Officer           +44 (0)20 7099 1940

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

 Henry Fitzgerald-O'Connor

 Harry Pardoe

 Gordon Hamilton

 Novum Securities (Joint Broker)
 Colin Rowbury                                    +44(0)20 7399 9427

 Jon Bellis

 

 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
timber and timber 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 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 reforestation projects. The conditional lease announced today is
its first 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 agreed a new partnership with World Forest ID, which will enhance
the traceability and identification of timber, originating from the company's
forest concessions 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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