Woodbois Limited Issuance of Shares and Warrants (4649Z)
12 Enero 2024 - 1:00AM
UK Regulatory
TIDMWBI
RNS Number : 4649Z
Woodbois Limited
12 January 2024
12 January 2024
Woodbois Limited
("Woodbois", "the Group" or "the Company")
Issu ance of Share s & Warrants
Woodbois Ltd (AIM: WBI), a leading company in the international
timber industry, today announces that , under authorities granted
at its AGM on 29 December 2023 , and elections subsequently
received from the beneficiary, it is issuing deferred consideration
as set out in the Financing Package detailed in the RNS dated 28
June 2023 .
Under the Commission Agreement, the Company has received an
election to issue 60,000,000 new Voting Ordinary Shares to the
beneficiary. Application has been made to the London Stock Exchange
for these Shares to be admitted to trading on AIM ("Admission"). It
is expected that Admission will become effective on or before 8.00
a.m. on 17 January 2024.
The Company has also received an election to issue 60,000,000
warrants convertible into Voting Ordinary Shares, and 350,000,000
warrants convertible into Non Voting Ordinary Shares, each
exercisable at 1p per share until 29 June 2025.
Total Voting Rights
Following Admission , the Company's total number of Ordinary
Shares in issue will become 4,349,988,873, which will consist of
3,745,850,726 Voting Ordinary Shares, 19,138,147 Treasury Shares
and 585,000,000 Non-Voting Ordinary Shares. The aforementioned
figure of 3,745,850,726 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.
Warrants
Following the above, there are a total of 1,260,000,000 w
arrants to subscribe for Voting Ordinary Shares and 350,000,000 w
arrants to subscribe for Non-Voting Ordinary Shares, each
exercisable at a price of 1p per share until 29 June 2025.
Unless otherwise stated, all defined terms in this announcement
will have the same meaning as that provided in the RNS dated 28
June 2023, which also contains further background.
Enquiries:
Woodbois Limited
Guido Theuns, Executive Chair & CEO + 44 (0)20 7099 1940
Canaccord Genuity (Nominated Advisor & Joint Broker)
Henry Fitzgerald-O'Connor
Harry Pardoe + 44 (0)20 7523 8000
----------------------
Novum Securities (Joint Broker)
Colin Rowbury, Jon Bellis +44 (0) 20 7399 9427
----------------------
Axis Capital Markets Limited (Joint Broker)
Ben Tadd, Lewis Jones +44 (0) 203 026 0449
----------------------
About Woodbois Ltd: Woodbois Ltd is a Guernsey -based company at
the forefront of the timber industry, committed to delivering
quality products and sustainable solutions. With a legacy of
innovation and a vision for the future, Woodbois Ltd strives to set
industry standards and exceed expectations.
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END
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