REG - Woodbois Limited - Statement re Share Price Movement

WoodboisAnnouncement

30/08/2023 09:15

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RNS Number : 7966K  Woodbois Limited  30 August 2023

30(th) August 2023

Woodbois Limited

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

(AIM: WBI)

 

 

Statement re Share Price Movement

 

The Company notes this morning's share price movement and the recent reports
of government instability in Gabon.

 

As fully scheduled, production at the facilities in Mouila is currently
suspended to allow the workforce to travel to vote in the national elections.
The Company will be monitoring the situation and will update the market should
there be any significant delay in the scheduled recommencement of production
or any other material impact on the Company's operations in Gabon.

 

Since the completion of its refinancing in late June, the Company had been
slowly rebuilding operational activity at its facilities in Mouilla after
significantly curtailing production in Q2 to preserve liquidity in response to
the unexpected termination of banking facilities.

 

The Company will be providing a full operational update as part of H1 2023
Interim Accounts which are due to be published in September.

 

 

 

 Enquiries:

 

 Woodbois Limited

 Paul Dolan - Chief Executive Officer

 Carnel Geddes - Chief Financial Officer           +44 (0)20 7099 1940

 Canaccord Genuity (Nominated Advisor and Joint   + 44 (0)20 7523 8000
 Broker)

 Henry Fitzgerald-O'Connor

 Harry Pardoe

 Gordon Hamilton

 Novum Securities (Joint Broker)
 Colin Rowbury                                    +44(0)20 7399 9427

 Jon Bellis

 

 

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