Information  X 
Enter a valid email address

Woodbois Limited (WBI)

  Print   

Thursday 26 May, 2022

Woodbois Limited

Director/PDMR Shareholding

RNS Number : 9955M
Woodbois Limited
26 May 2022
 

26th 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct 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 [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHBKABQABKDNPB

a d v e r t i s e m e n t