Woodbois Limited Preference Share Restructure into 4% Convertible (4422Q)
21 Octubre 2019 - 1:00AM
UK Regulatory
TIDMWBI
RNS Number : 4422Q
Woodbois Limited
21 October 2019
21 October 2019
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
Woodbois Limited
("Woodbois", the "Group" or the "Company")
(AIM: WBI)
Preference Share Restructure into 4% Convertible Bond
Woodbois, the African focused forestry and timber trading
company, is pleased to provide an update on the announcement of
20(th) September of the proposed restructure of the perpetual
preference shares in its subsidiary Argento Ltd ("Preference
Shares") into a 4% convertible bond 2024 ("Bonds") to be issued by
the Company.
The Company has now completed the purchase of the full 75,000
Preference Shares in issue and Neville Registrars Limited, who have
been appointed by the Company to act as transfer agent, have been
instructed to issue the Bonds. It is expected that CREST accounts
will be credited within 48 hours and paper certificates will be
despatched as soon as practicable.
CEO Paul Dolan commented "I'm delighted to report the completion
of this transaction, marking another important milestone in the
transformation of the Company's capital structure. The resulting
improvement of transparency within the balance sheet ensures that
the Company is now much more strongly positioned to take advantage
of the many opportunities ahead. "
Woodbois Limited
Paul Dolan - CEO
Kevin Milne - Interim Chairman
www.woodbois.com +44 (0)20 7099 1940
Arden Partners Plc (Nominated adviser and broker)
Tom Price +44 (0)20 7614 5900
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END
CONLLFLEIRLTLIA
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