Woodbois Limited Warrant Amendment (6206G)
25 Julio 2019 - 1:00AM
UK Regulatory
TIDMWBI
RNS Number : 6206G
Woodbois Limited
25 July 2019
25 July 2019
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
Woodbois Limited
("Woodbois", the "Group" or the "Company")
(AIM: WBI)
Warrant Amendment
Further to the announcement made on the 10(th) January 2019, the
1798 Volantis Fund Ltd, a fund managed on a discretionary basis by
Lombard Odier Asset Management group, has agreed to vary the
redemption terms for their investment under the ITF facility to a
redemption date no earlier than 16(th) July 2020 in exchange for
the amendment of the strike price of 40 million warrants from
GBP0.10 to GBP0.08.
The fund is a substantial shareholder of the Company and so the
transaction is classified as a related party transaction under the
AIM Rules for Companies. The directors (other than Henry Turcan,
who is an employee of Lombard Odier Asset Management and so is
precluded from taking part in deliberations), having consulted with
Arden Partners, nominated adviser, consider that the terms of the
transaction are fair and reasonable insofar as shareholders are
concerned.
Woodbois Limited
Kevin Milne - Interim Chairman
Paul Dolan - CEO
www.woodbois.com +44 (0)20 7099 1940
Arden Partners Plc (Nominated adviser and broker)
Tom Price
Maria Gomez de Olea +44 (0)20 7614 5900
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END
MSCSEWFLLFUSEIW
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July 25, 2019 02:00 ET (06:00 GMT)
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