Woodbois Limited Notification of Holdings in Company (3944U)
29 Julio 2020 - 1:00AM
UK Regulatory
TIDMWBI
RNS Number : 3944U
Woodbois Limited
29 July 2020
Woodbois Limited
("Woodbois", the "Group" or the "Company")
(AIM: WBI)
Notification of Holdings in Company
The Company has been informed that Rhino Ventures Limited (a
company affiliated with Miles Pelham) has agreed to acquire
80,206,778 Ordinary Shares from DHC Investments Limited ("DHC"). As
set out in the Further Conversion of the Convertible Bonds
announcement of 27(th) July 2020, these are the Ordinary Shares
that will be issued to DHC in consideration for the sale of its
Convertible Bonds, and they will be issued to DHC following the
General Meeting to be held on 5 August 2020, subject to shareholder
approval.
Therefore, the completion of the acquisition of such Ordinary
Shares by Rhino Ventures Limited is conditional upon shareholder
approval at the General Meeting, and completion of the transfer of
such shares will take place on a deferred basis following the
payment of consideration by Rhino Ventures Limited. The Company
will provide a further announcement once it has been informed that
such transfer has taken place.
Following completion of the above purchase, Miles Pelham and his
affiliate companies will own 284,762,713 Ordinary Shares
(representing 19.9% of the voting share capital of the Company) and
951,365,095 non-voting right ordinary shares of GBP0.01 each (being
100% of the non-voting right ordinary shares in issue).
The above purchase was entered into on 27th July 2020 and the
Company was notified the same day. Terms and definitions used in
this announcement shall have the same meaning as ascribed to them
in the announcement dated 14 July 2020 unless otherwise stated.
Enquiries:
Woodbois Limited
Paul Dolan - Chairman and CEO
www.woodbois.com
+44 (0)20 7099 1940
Canaccord Genuity (Nominated Adviser and Broker)
Henry Fitzgerald-O'Connor
James Asensio
Thomas Diehl
+44 (0)20 7523 8000
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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