Director/PDMR Shareholding

RNS Number : 9955M

Woodbois Limited

26 May 2022

 

26^th May 2022

Woodbois Limited

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

PDMR Shareholding

Holdings in Company

Woodbois, the African focused sustainable forestry and timber trading company, has been informed by Lombard Odier Asset Management (Europe) Limited, a person closely associated ("PCA") with Henry Turcan, a Non-Executive Director of the Company, has sold 30,000,000 Voting Ordinary Shares and now holds 16.40% of the Voting Ordinary Shares. Full details are set out below. 

1.	Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")
a)	Name	Lombard Odier Asset Management (Europe) Limited
2.	Reason for the notification
a)	Position / status	Person closely associated with Henry Turcan
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Woodbois Limited
b)	Legal Entity Identifier	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	Ordinary Shares
b)	Nature of the transaction	Sale
c)	Price(s) and volume(s)	D ate Price(s) Volume(s) 24/05/2022 0.065p 25,000,000 24/05/2022 0.065p 5,000,000
d)	Aggregated information - Aggregated volume - Aggregated price - Aggregated total	Price(s) Volume(s) Total 0.065p 30,000,000
e)	Date of the transaction	24 May 2022 (UK)
f)	Place of the transaction	London Stock Exchange, AIM

Enquiries:

Woodbois Limited Paul Dolan - Chief Executive Officer Carnel Geddes - Chief Financial Officer	+ 44 (0)20 7099 1940
Canaccord Genuity, Nominated Advisor Henry Fitzgerald-O'Connor James Asensio Gordon Hamilton	+ 44 (0)20 7523 8000

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 hardwood and hardwood 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 a highly 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 was formed in March 2021 and aims to generate voluntary carbon credits for corporate partners through the delivery of large-scale reforestation projects.

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 sixth in its Sustainability Policy Transparency Toolkit ('SPOTT'') ESG policy transparency assessments for the worldwide timber and pulp industries for 2021.

Please follow the Company on Twitter: @WoodboisLtd

 

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