REG - Woodbois Limited - Update re. fundraising

WoodboisAnnouncement

20/11/2024 16:45

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RNS Number : 0212N  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               + 44 (0)20 7099 1940

 Johannes Bloemen, CFO
                                                   +44 (0)20 3328 5656 info@allenbycapital.com

 Allenby Capital Limited  Nominated Adviser

 John Depasquale, Piers Shimwell

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

 Colin Rowbury, Jon Bellis

 Axis Capital Markets Limited (Joint Broker)       +44 (0) 203 026 0449

 Ben Tadd, Lewis Jones

 

 

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