Woodbois Limited Directorate Change (4845V)

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RNS Number : 4845V

Woodbois Limited

04 December 2023

Woodbois Limited

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

Appointment of Independent Non-Executive Director

Woodbois Limited (AIM: WBI), the African-focused forestry, timber trading, reforestation and voluntary carbon-credit company, is pleased to announce the appointment of Guido Theuns to the role of Independent Non-Executive Director with immediate effect.

Guido has a wide range of international business experience gained over 40 years, in particular in investor communications, governmental and commercial negotiations, risk management, IT and investment fund and family office structuring. He is a Dutch national living in France and holds both a B.Sc and B.Ed degrees.

Guido will be a Member of the Audit, Remuneration and Nominations Committees.

Chair Graeme Thomson said "Guido brings a welcome wealth of experience and impartial views to Woodbois at a key moment during its review of activities and strategy. He will be a strong support for many aspects of the Group's operations and highly constructive in its governance. "

Guido Theuns said: "I am honored to join Woodbois as an Independent Non-Executive Director and look forward to leveraging my extensive international business experience to contribute to the Company's growth and strategic initiatives. This is an exciting and important time for Woodbois and I am optimistic about its future development. "

As announced previously, Paul Dolan has now stepped down and leaves after seven years with the Company's thanks and best wishes.

Regulatory Disclosures:

The following information regarding the appointment of Guido Wilhelmus Theuns (aged 63) is disclosed under Schedule 2(g) of the AIM Rules for Companies:

Current directorships and/or partnerships

Cosmopoliet Den Bosch BV

Goseth France EURL

Merlanes Vakanties BV

SARL Domaine de Merlanes

SCI Le Trio

Former directorships and/or partnerships

GBC Suisee AG: March 2021 - October 2021

Guido Theuns was a director of SC Residence Merlanes from January 2006 to September 2013. SC Residence Merlanes entered into an administration process in 2013 which is currently ongoing.

Mr Theuns does not hold any ordinary shares in the Company.

There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.

Enquiries:

 
Woodbois Limited 
 Graeme Thomson, Non-Executive Chair 
 David Rothschild, CEO                            +44 (0) 20 7099 
 Carnel Geddes, CFO                                1940 
Canaccord Genuity, Nominated Adviser and Joint 
 Broker                                           +44 (0) 20 7523 
 Henry Fitzgerald O'Connor, Harry Pardoe           8000 
Novum Securities, Joint Broker                    +44 (0) 20 7399 
 Colin Rowbury, Jon Bellis                         9427

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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December 04, 2023 02:00 ET (07:00 GMT)

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