27th Jul 2020 21:53
Woodbois Ltd - Africa-focused timber producer - Agrees terms with Rhino Ventures Ltd, affiliated with former chair Miles Pelham to repurchase all remaining convertible bonds held by it and other bondholders. The aggregate additional principal amount of convertible bonds being purchased is USD6.4 million. The number of shares to be issued is 266.2 million shares in exchange for the bonds.
Current stock price: 2.22 pence
Year-to-date change: down 62%
By Dayo Laniyan; [email protected]
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