Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Woodbois Ltd - Guernsey-registered, Africa-focused timber technology firm - Says the board now comprises of two independent non-executive directors, following the resignation of Chief Executive Officer & Executive Chair Guido Theuns and Chief Financial Officer Johannes Bloemen at the end of December. It expects to appoint a management company ‘shortly’ to support its business in Gabon, and is working to replace the two former executive directors with ‘lasting appointments that ensure the long-term success of the company’. The firm says it is focused on restarted production, which was delayed due to ‘congestion in our internal logistics chain’. It continues to target a production level of up to 50 containers per month, which it aims to achieve by late Spring.
The resignation news in December came after a November report that two unnamed major shareholders declined the company’s offer to participate in equity raising. The company does not confirm a link between the declined offer and executive resignations.
Current stock price: 0.19 pence, down 1.6% in London on Monday afternoon
12-month change: down 77%
Copyright 2025 Alliance News Ltd. All Rights Reserved.