- Africa-focused forestry group Woodbois said it had completed a proposed restructure of preference shares in subsidiary Argento into a 4% convertible bond due in 2024.

The company said it had now completed the purchase of the full 75,000 preference shares in issue.

'I'm delighted to report the completion of this transaction, marking another important milestone in the transformation of the company's capital structure,' chief executive Paul Dolan said.

'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.'

At 9:01am: [LON:WBI] share price was 0p at 5.25p

Story provided by