Results of Annual General Meeting

Woodbois Limited

29 December 2023

 

29 December 2023

Woodbois Limited

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

(AIM: WBI)

Results of Annual General Meeting

Woodbois Limited (AIM: WBI), the Africa-focused forestry, timber trading, afforestation and voluntary carbon credit company is pleased to announce that at its Annual General Meeting held earlier today, all resolutions set out in the Notice of Meeting dated 21 November 2023 were duly passed on a poll, which included proxies lodged before the meeting.

Resolutions		For	Against
1	To receive and adopt the report and accounts for the year ended 31 December 2022	99.1%	0.9%
2	To re-elect Graeme Thomson as a director of the Company	99.3%	0.7%
3	To re appoint PKF Littlejohn LLP as auditors	99.2%	0.8%
4	To authorise the Directors to determine the auditors' remuneration	99.2%	0.8%
5	To authorise the Directors to allot relevant securities	99.1%	0.9%
6*	To disapply the statutory pre emption rights	98.7%	1.3%

* Special Resolution

1.   The number of votes validly cast were in respect of 1,323,351,221 shares, representing 35.9% of the 3,685,850,726 ordinary share ​capital of the Company, being the total number of shares in issue with voting rights at 6.00pm on 28^th December 2023.

2.      Percentages are rounded to one decimal place.

Enquiries:

Woodbois Limited Guido Theuns, Executive Chair David Rothschild, CEO Graeme Thomson, Independent Non-Executive Director	+ 44 (0)20 7099 1940
Canaccord Genuity (Nominated Advisor and Broker) Henry Fitzgerald-O'Connor Harry Pardoe	+ 44 (0)20 7523 8000
Novum Securities (Joint Broker) Colin Rowury, Jon Bellis	[phone]
Axis Capital Markets Limited (Joint Broker) Ben Tadd, Lewis Jones	[phone]

Background on Woodbois

Woodbois Limited (AIM:WBI) is an Africa-focused forestry company, divided into three distinct, but highly complementary divisions comprising the production and supply of sustainable African hardwood products, the trading of timber and timber products, and an afforestation 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 an 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 aims to generate voluntary carbon credits for corporate partners through the delivery of large-scale afforestation projects. It has been allocated land of c69,000 hectares in Gabon, its first such project.

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 eighth in its Sustainability Policy Transparency Toolkit ('SPOTT'') ESG policy transparency assessments for the worldwide timber and pulp industries for 2022.

The Company has a partnership with World Forest ID, to enhance the traceability and identification of timber, originating from the Company's forest concessions, firstly in Gabon. World Forest ID is an international organisation, which is revolutionizing the protection of forests through the application of science-based origin tracing and species identification. World Forest ID is building an extensive global library of reference samples, from various forest regions, for use in cross verification.

Please follow the Company on Twitter: @WoodboisLtd

 

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