Woodbois shares suspended after adviser resignation

Woodbois announced the resignation of Canaccord Genuity as its nominated adviser and broker on Wednesday, with immediate effect.

Under the AIM rules, the resignation led to the suspension of trading in the company’s shares on the AIM market as of Wednesday morning.

Under the rules, if Woodbois did not appoint a replacement nominated adviser within one month, its ordinary shares would be delisted from AIM.

The board said it had already started the process of engaging a new nominated adviser, and would provide further updates in due course.

Reporting by Josh White for Sharecast.com.