Update re. fundraising

Woodbois Limited

20 November 2024

 

20 November 2024

Woodbois Limited
("Woodbois" or the "Company")

Closure of fundraising window for major shareholders

Further to the Company's announcement of 19 November 2024, Woodbois Limited (AIM: WBI), a leading company in the international timber industry, announces the closure of the recent fundraising window, for up to £200,000, specifically offered to two of our major shareholders. The window, which closed today at 16:30 hrs, was part of our ongoing efforts to engage and provide opportunities for our significant investors during this pivotal period of growth and transition.

We can confirm that no significant shareholder elected to participate in the financing. This initiative was opened with the intention to underline the Company's commitment to its major shareholders and to offer them the chance to further support the Company through this transformative phase. While the uptake of this offer was not as anticipated, the Company remains optimistic and looks forward to sharing positive updates in the near future. We are excited about the upcoming opportunities and the next phase of growth for Woodbois.

Enquiries:

Woodbois Limited Guido Theuns, Executive Chair & CEO Johannes Bloemen, CFO		+ 44 (0)20 7099 1940
Allenby Capital Limited  Nominated Adviser John Depasquale, Piers Shimwell		[phone] [e-mail]
Novum Securities (Joint Broker) Colin Rowbury, Jon Bellis		[phone]
Axis Capital Markets Limited (Joint Broker) Ben Tadd, Lewis Jones		[phone]

 

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