LONDON – Woodbois Limited, an international timber company, is currently in talks with Nykredit Bank A/S to settle outstanding loan payments. The negotiations follow the company’s previous announcement on January 10, 2025, about the financial obligations of 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 payment schedule while talks continue. Although the directors of Woodbois are working towards a mutually satisfactory resolution with Nykredit Bank, they indicated that there is no certainty that an agreement will be reached. Nykredit Bank maintains its legal position on the matter.

Further updates are expected to be provided as the situation develops. This development is important for investors and stakeholders of Woodbois Limited, because the outcome of these discussions may affect the financial stability of the company and its future operations.

The information for this report is based on a press release from Woodbois Limited.

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