24th Dec 2024 14:00
Woodbois Ltd - Guernsey-registered, Africa-focused timber technology firm - Reports the resignation of Chief Executive Officer & Executive Chair Guido Theuns, plus Chief Financial Officer Johannes Bloemen. Both resignations are effective immediately. Woodbois is yet to provide reasons for the pair's exit or to specify their successors. The company is planning a further announcement "as soon as practiceable".
The news follows a November report that two major shareholders, who remain unnamed, declined the company's offer to participate in equity raising. The company intended to raise a further GBP200,000 on top of the GBP1 million raised at November 21, but Woodbois in November said "the uptake of this offer was not as anticipated". The company does not confirm a link between the declined offer and the resignation of its executives.
Current share price: 0.20 pence, closed 1.0% higher in London
12-month change: down 79%
By Holly Munks, Alliance News reporter
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