WOODBOIS LIMITED

Major Shareholding Notification • Apr 29, 2022

National Storage Mechanism | Additional information

RNS Number : 9177J

Woodbois Limited

29 April 2022

29th April 2022

Woodbois Limited

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

PDMR Shareholding & TR1

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 25,688,008 Voting Ordinary Shares and now holds 19.39% of the Voting Ordinary Shares. Full details are set out below.

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Woodbois Limited
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer						X
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Lombard Odier Asset Management (Europe) Limited
City and country of registered office (if applicable)			London, United-Kingdom
4. Full name of shareholder(s) (if different from 3.)v
Name			Disclosure on behalf of accounts managed on a discretionary basis by Lombard Odier Investment Managers group.
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			28/04/2022
6. Date on which issuer notified (DD/MM/YYYY):			28/04/2022
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	19.39%			19.39%	369,852,222
Position of previous notification (if applicable)	24.23%			24.23%	395,540,230

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GG00B4WJSD17				369,852,222					19.39%
SUBTOTAL 8. A		369,852,222					19.39%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
n/a		n/a	n/a			n/a			n/a
			SUBTOTAL 8. B 1			n/a			n/a
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
n/a	n/a		n/a		n/a			n/a	n/a
					SUBTOTAL 8.B.2			n/a	n/a

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii				X
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Lombard Odier Asset Management (Europe) Limited	19.39%	n/a	19.39%
10. In case of proxy voting, please identify:
Name of the proxy holder		n/a
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
Please note that no trading activity occurred between our last public disclosure on 3rd March 2021 (24.23%) and 26th April 2022 (20.74%) where changes were due to changes in voting shares in issue.

Place of completion

London

Date of completion

28/04/2022

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 Tucan

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)

Date	Price(s)	Volume(s)
27/04/2022	0.05p	3,900,000
27/04/2022	0.06p	4,080,345
28/04/2022	0.06p	5,500,000
28/04/2022	0.06p	12,207,663

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

Price(s)	Volume(s)	Total
0.058p	25,688,008	1,502,280.48

e)

Date of the transaction

27/28 April 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
Celicourt Communications (IR/PR) Mark Antelme Jimmy Lea	+44 (0)20 8434 2643 woodbois@celicourt.uk

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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