Woodbois Limited Update re. facilities with Nykredit Bank

RNS Number : 8189T

Woodbois Limited

17 January 2025

 

This announcement is released by the Company and the information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Article 7 of the UK version of the EU Market Abuse Regulation (Regulation (EU) No.596/2014) which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain. The person responsible for arranging for the release of this announcement on behalf of the Company is Paul Shackleton, Non-executive Director.

 

17 January 2025

 

WOODBOIS LIMITED

("Woodbois" or the "Company")

 

Update re. termination of facilities with Nykredit Bank A/S

Further to the Company's announcement of 10 January 2025, Woodbois is engaged in constructive discussions with Nykredit Bank A/S ("Nykredit" or the "Bank") with a view to reaching an agreement to settle the outstanding sums owed to the Bank. As a result, repayment of the loan facilities provided by Nykredit to the Company's subsidiary, Woodbois International ApS, has been postponed.

The directors will continue to work with Nykredit to secure a satisfactory solution for both parties but there can be no guarantee that an agreement will be reached and Nykredit has reserved its position.

A further announcement will be made in due course.

Enquiries:

 

Woodbois Limited Clive Roberts,  Independent Non-executive Director Paul Shackleton, Independent Non-executive Director
Allenby Capital Limited (Nominated Adviser) John Depasquale, Piers Shimwell	[phone] [e-mail]
Novum Securities (Joint Broker) Colin Rowbury, Jon Bellis	[phone]
Axis Capital Markets Limited (Joint Broker) Lewis Jones	[phone]

 

 

 

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