14 May 2025
WOODBOIS LIMITED
("Woodbois" or the
"Company")
Resignation of
Director
Woodbois Limited (AIM:WBI), the Africa-focused
forestry, timber trading and afforestation company, announces that
Paul Shackleton is stepping down as non-executive director of the
Company with immediate effect by mutual agreement with the board of
the Company (the "Board").
The Board would like to thank Paul for his hard
work and determination over the past few months as a result of
which the Company avoided significant jeopardy.
Issue of
shares and related party transaction
The payment due to be made to Paul Shackleton
announced on 28 March 2025 for the substantial additional work
undertaken by him will now be satisfied by a payment of £25,000 in
cash and the issue of 56,818,181 new ordinary shares of 0.01p each
("Ordinary Shares") to him. Accordingly, application has been made
for an aggregate of 56,818,181 new Ordinary Shares, to be admitted
to trading on AIM ("Admission") and it is expected that Admission,
and the commencement of dealings in these new Ordinary Shares, will
take place at 8.00 a.m. on or around 20 May 2025.
As Paul Shackleton is a related party pursuant
to the AIM Rules for Companies, the variation to the previous
payment due to be made to him constitutes a related party
transaction for the purposes of Rule 13 of the AIM Rules for
Companies. Accordingly, the independent Directors (being Clive
Roberts, Lucas Kanme and Cobus van der Merwe) consider, having
consulted with the Company's Nominated Adviser, Allenby Capital
Limited, that the terms of the variation to the previous payment
are fair and reasonable insofar as the Company's shareholders are
concerned.
The FCA notification, made in accordance with
the requirements of the UK Market Abuse Regulation, is appended
further below.
Total Voting
Rights
Following Admission, the Company's issued and
fully paid share capital will consist of 11,039,797,530 Ordinary
Shares, with one voting right per ordinary share. The Company holds
19,138,147 Ordinary Shares in treasury, therefore the total number
of voting rights in the Company is 11,020,659,383.
This figure may be used by Shareholders 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 FCA's Disclosure Guidance and
Transparency Rules.
For further information, please
contact:
|
Woodbois Limited
Lucas Kanme, Chief Executive Officer
|
|
|
Allenby Capital Limited (Nominated
Adviser)
John Depasquale, Piers Shimwell
|
+44 (0)20 3328 5656
|
|
Novum Securities (Joint Broker)
Colin Rowbury, Jon Bellis
|
+44 (0) 20 7399 9427
|
|
|
|
|
Axis Capital Markets Limited (Joint
Broker)
Lewis Jones
|
+44 (0) 203 026 0449
|
|
|
|
|
Hobart Capital Markets LLP
Mike Staten
|
+44 (0) 207 0-.070 5600
|
Website: www.woodbois.com
About Woodbois
Limited
Woodbois Limited is a vertically integrated
forestry company, focused on the production, processing, and
trading of sustainable timber and related products.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Paul Shackleton
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
b)
|
Initial
notification/Amendment
|
Initial Notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Woodbois Ltd
|
|
b)
|
LEI
|
2138001U7SLCSRKV3P06
|
|
4.
|
Details of the transaction(s): section to be repeated for (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 Financial
instrument, type of instrument
|
Ordinary Shares of 0.01 pence
each
|
|
Identification code
|
GG00B4WJSD17
|
|
b)
|
Nature of the transaction
|
Issue of Ordinary Shares in lieu of
fees
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price(s)
|
Volume(s)
|
|
|
0.044 pence per share
|
56,818,181
|
|
|
d)
|
Aggregated information:
-Aggregated volume
-Price
|
n/a
|
|
e)
|
Date of the transaction
|
14 May 2025
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
|
|
| |
