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WBI Woodbois Limited

0.66
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Woodbois Limited LSE:WBI London Ordinary Share GG00B4WJSD17 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.66 0.64 0.68 0.66 0.66 0.66 8,164,756 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Chem,fertlizer Minrl Mng,nec 23.11M -111.19M -0.0302 -0.22 24.33M

Woodbois Limited Issuance of Shares and Warrants (4649Z)

12/01/2024 7:00am

UK Regulatory


Woodbois (LSE:WBI)
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TIDMWBI

RNS Number : 4649Z

Woodbois Limited

12 January 2024

12 January 2024

Woodbois Limited

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

Issu ance of Share s & Warrants

Woodbois Ltd (AIM: WBI), a leading company in the international timber industry, today announces that , under authorities granted at its AGM on 29 December 2023 , and elections subsequently received from the beneficiary, it is issuing deferred consideration as set out in the Financing Package detailed in the RNS dated 28 June 2023 .

Under the Commission Agreement, the Company has received an election to issue 60,000,000 new Voting Ordinary Shares to the beneficiary. Application has been made to the London Stock Exchange for these Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or before 8.00 a.m. on 17 January 2024.

The Company has also received an election to issue 60,000,000 warrants convertible into Voting Ordinary Shares, and 350,000,000 warrants convertible into Non Voting Ordinary Shares, each exercisable at 1p per share until 29 June 2025.

Total Voting Rights

Following Admission , the Company's total number of Ordinary Shares in issue will become 4,349,988,873, which will consist of 3,745,850,726 Voting Ordinary Shares, 19,138,147 Treasury Shares and 585,000,000 Non-Voting Ordinary Shares. The aforementioned figure of 3,745,850,726 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.

Warrants

Following the above, there are a total of 1,260,000,000 w arrants to subscribe for Voting Ordinary Shares and 350,000,000 w arrants to subscribe for Non-Voting Ordinary Shares, each exercisable at a price of 1p per share until 29 June 2025.

Unless otherwise stated, all defined terms in this announcement will have the same meaning as that provided in the RNS dated 28 June 2023, which also contains further background.

Enquiries:

 
Woodbois Limited 
 Guido Theuns, Executive Chair & CEO                     + 44 (0)20 7099 1940 
Canaccord Genuity (Nominated Advisor & Joint Broker) 
 Henry Fitzgerald-O'Connor 
 Harry Pardoe                                          + 44 (0)20 7523 8000 
                                                       ---------------------- 
Novum Securities (Joint Broker) 
 Colin Rowbury, Jon Bellis                             +44 (0) 20 7399 9427 
                                                       ---------------------- 
Axis Capital Markets Limited (Joint Broker) 
 Ben Tadd, Lewis Jones                                 +44 (0) 203 026 0449 
                                                       ---------------------- 
 

About Woodbois Ltd: Woodbois Ltd is a Guernsey -based company at the forefront of the timber industry, committed to delivering quality products and sustainable solutions. With a legacy of innovation and a vision for the future, Woodbois Ltd strives to set industry standards and exceed expectations.

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 rns@lseg.com 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

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(END) Dow Jones Newswires

January 12, 2024 02:00 ET (07:00 GMT)

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