TIDMWBI

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: S tandard 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                                           Woodbois Limited 
  underlying issuer of existing shares 
  to 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                        London, United-Kingdom 
  (if applicable) 
 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                           28/04/2022 
  crossed or reached (vi) : 
                                                             ----------------------------------------------- 
 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       % of voting rights      Total of both    Total number 
                            rights attached      through financial       in % (8.A +      of voting rights 
                            to shares (total        instruments              8.B)         held in issuer 
                                of 8. A)           (total of 8.B                          (8.A + 8.B) 
                                                     1 + 8.B 2)                           (vii) 
                          ------------------  ----------------------  ----------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                    19.39%                                     19.39%            369,852,222 
                          ------------------  ----------------------  ----------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)                   24.23%                                     24.23%            395,540,230 
                          ------------------  ----------------------  ----------------  -------------------- 
 
 
 
 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                             % of voting rights 
  shares             (ix) 
  ISIN code (if 
  possible) 
                           Direct                   Indirect                     Direct                  Indirect 
                     (Art 9 of Directive       (Art 10 of Directive        (Art 9 of Directive     (Art 10 of Directive 
                         2004/109/EC)              2004/109/EC)           2004/109/EC) (DTR5.1)        2004/109/EC) 
                           (DTR5.1)                 (DTR5.2.1)                                          (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            Expiration   Exercise/                       Number of voting                  % of voting 
  financial          date         Conversion Period               rights that may                   rights 
  instrument         (x)          (xi)                            be acquired if 
                                                                  the instrument 
                                                                  is 
                                                                  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       Expiration        Exercise/             Physical or           Number of             % of voting 
  financial     date (x)          Conversion            cash                  voting rights         rights 
  instrument                      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                             X 
  by any natural 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      % of voting rights       Total of both if 
                            if it equals or        through financial        it equals or is 
                           is higher than the      instruments if it        higher than the 
                          notifiable threshold    equals or is higher     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              Initial notification 
        / amendment 
      --------------------------------  ------------------------------------------- 
 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                Ordinary Shares 
        financial instrument 
      --------------------------------  ------------------------------------------- 
 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 
              *    Aggregated volume       0.058p     25,688,008  1,502,280.48 
                                                     -----------  ------------ 
 
              *    Aggregated price 
 
 
              *    Aggregated total 
      --------------------------------  ------------------------------------------- 
 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 
  Carnel Geddes - Chief Financial      + 44 (0)20 7099 
  Officer                              1940 
 Canaccord Genuity, Nominated 
  Advisor 
  Henry Fitzgerald-O'Connor 
  James Asensio                      + 44 (0)20 7523 
  Gordon Hamilton                     8000 
 Celicourt Communications            +44 (0)20 8434 
  (IR/PR)                             2643 
  Mark Antelme                        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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END

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April 29, 2022 09:12 ET (13:12 GMT)

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