TIDMWBI

RNS Number : 9955M

Woodbois Limited

26 May 2022

26(th) May 2022

Woodbois Limited

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

PDMR Shareholding

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 30,000,000 Voting Ordinary Shares and now holds 16.40% of the Voting Ordinary Shares. Full details are set out below.

 
       Details of the Person discharging managerial responsibilities 
  1.    ("PDMR") / person closely associated with them ("PCA") 
 a)    Name                            Lombard Odier Asset Management (Europe) 
                                        Limited 
      ------------------------------  -------------------------------------------- 
       Reason for the notification 
  2. 
      ---------------------------------------------------------------------------- 
 a)    Position / status               Person closely associated with Henry Turcan 
      ------------------------------  -------------------------------------------- 
 b)    Initial notification            Initial notification 
        / amendment 
      ------------------------------  -------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3.    auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------- 
 a)    Name                            Woodbois Limited 
      ------------------------------  -------------------------------------------- 
 b)    Legal Entity Identifier          2138001U7SLCSRKV3P06 
      ------------------------------  -------------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4.    (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)          D ate         Price(s)   Volume(s) 
                                        24/05/2022    0.065p     25,000,000 
                                        24/05/2022    0.065p     5,000,000 
      ------------------------------  -------------------------------------------- 
 d)         Aggregated information      Price(s)   Volume(s)   Total 
              *    Aggregated volume     0.065p     30,000,000 
                                                   -----------  ----- 
 
              *    Aggregated price 
 
 
              *    Aggregated total 
      ------------------------------  -------------------------------------------- 
 e)    Date of the transaction         24 May 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 
 
 

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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(END) Dow Jones Newswires

May 26, 2022 12:55 ET (16:55 GMT)

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