Exercise of Options

RNS Number : 5447V

Woodbois Limited

10 August 2022

 

10 August 2022

Woodbois Limited

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

Exercise of Options  

Woodbois, the African focused sustainable forestry and timber trading company, has received a request to exercise 2,000,000 options under the Company's Share Option Plan into Voting Ordinary Shares in the Company (the "Exercise"). The Exercise will be effective on Admission (as defined below).

Application has been made to the London Stock Exchange for the admission to trading of the 2,000,000 new Voting Ordinary Shares resulting from the Exercise, which is expected on 15 August 2022 ("Admission").

Following Admission, the Company's total number of Ordinary Shares in issue will be 2,489,988,873 and this will consist of 2,079,988,873 Voting Ordinary Shares and 410,000,000 Non-Voting Ordinary Shares. The aforementioned figure of 2,079,988,873 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.

Enquiries:

Woodbois Limited     + 44 (0)20 7099 1940

Paul Dolan - Chief Executive Officer

Carnel Geddes - Chief Financial Officer

Canaccord Genuity, Nominated Advisor  + 44 (0)20 7523 8000

Henry Fitzgerald-O'Connor

James Asensio

Gordon Hamilton

 

END

 

 

MSCDBLBFLVLFBBE