Woodbois Limited Holding(s) in Company (5069K)
05 Mai 2022 - 3:49PM
UK Regulatory
TIDMWBI
RNS Number : 5069K
Woodbois Limited
05 May 2022
05 May 2022
Woodbois Limited
("Woodbois", the "Group" or the "Company")
Conversion of 40 million Non-Voting Shares
Woodbois, the African focused sustainable forestry and timber
trading company, further to the conversion of Non-Voting Ordinary
Shares notified on 21(st) April 2022, has received a request by the
same shareholder for the conversion, on a one-to-one basis, of a
further 40,000,000 of its remaining 275,000,000 Non-Voting Ordinary
Shares into Voting Ordinary Shares in the Company (the
"Conversion"). The Conversion will be effective on Admission (as
defined below).
Application has been made to the London Stock Exchange for the
admission to trading of the 40,000,000 new Voting Ordinary Shares
resulting from the Conversion, which is expected at 8.00am on
11(th) May 2022 ("Admission").
Following Admission, the Company's total number of Ordinary
Shares in issue will remain 2,482,117,053 and this will consist of
1,947,117,053 Voting Ordinary Shares and 535,000,000 Non-Voting
Ordinary Shares. The aforementioned figure of 1,947,117,053 Voting
Ordinary Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.
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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May 05, 2022 09:49 ET (13:49 GMT)
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