An undisclosed buyer signed a Letter of Intent to acquire Mozambique Operations of Woodbois Limited (AIM:WBI) on March 13, 2024. The proposed divestment of Mozambique operations aligns with Woodbois broader strategic objectives and underscores its dedication to optimizing operational efficiency and enhancing shareholder value. A comprehensive sale agreement is expected to be entered into in the coming weeks.

Canaccord Genuity Hawkpoint Limited acted as a financial advisor for Woodbois Limited.