LONDON - Woodbois Limited, an international timber company, is currently in discussions with Nykredit Bank A/S to settle outstanding loan repayments. The negotiations follow the company's previous announcement on January 10, 2025, regarding its financial obligations to the Danish bank.
The loan facilities in question were extended to Woodbois International ApS, a subsidiary of Woodbois Limited. The company has been granted a postponement of the repayment schedule while talks are ongoing. Although the directors of Woodbois are working towards a mutually satisfactory resolution with Nykredit Bank, they have indicated that there is no certainty an agreement will be reached. Nykredit Bank has retained its legal position in the matter.
Further updates are expected to be provided as the situation progresses. This development is significant for investors and stakeholders of Woodbois Limited, as the outcome of these discussions could impact the company's financial stability and future operations.
The information for this report is based on a press release statement from Woodbois Limited.
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