LONDON – Woodbois Restricted, a global timber firm, introduced immediately the initiation of a handover course of following the resignation of its government administrators on December 24, 2024. The corporate’s board now consists solely of two Unbiased (LON:) Non-executive Administrators (INEDs), who’re actively partaking with administration in Africa to take care of operations, notably in Gabon.
Within the wake of the manager workforce’s departure, Woodbois is in talks with its advisers and representatives of sure Vital Shareholders to nominate a administration firm. This interim answer goals to assist the Gabon workforce with inner logistics, transport, and worldwide gross sales. The corporate emphasised that its precedence is to make everlasting government appointments to safe the corporate’s long-term success, with additional updates to be offered as mandatory.
Woodbois additionally addressed its operational focus, which is to restart manufacturing that has been hindered by inner logistics chain congestion. Regardless of these challenges, the corporate managed to ship 5 containers from the port of Libreville in December 2024. Woodbois has set a goal to extend manufacturing to as much as 50 containers per 30 days by late spring.
This announcement, based mostly on a press launch assertion, brings the knowledge into the general public area, as per the UK model of the EU Market Abuse Regulation. Paul Shackleton, Non-executive Director, is chargeable for the discharge of this replace.
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