Woodbois Limited Statement re Share Price Movement (7966K)

TIDMWBI

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 Broker) 
 Henry Fitzgerald-O'Connor 
 Harry Pardoe 
 Gordon Hamilton                           + 44 (0)20 7523 8000 
Novum Securities (Joint Broker) 
Colin Rowbury 
 Jon Bellis                                +44(0)20 7399 9427

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END

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August 30, 2023 04:05 ET (08:05 GMT)

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