John Wood Group PLC Gains Extension on Holistic Non-Binding Conditional Proposal from Sidara

John Wood Group PLC, also known as ‘Wood’, has been granted an extension on the Put Up or Shut Up (PUSU) deadline related to a non-binding, conditional acquisition proposal from Sidara. The possible offer was presented initially on April 14, 2025, with a suggested monetary offer of 35 pence in cash per Wood share. This potential deal includes the entire issued and yet-to-be-issued share capital of Wood. If Sidara firmly establishes its proposal under Rule 2.7 of the City Code on Takeovers and Mergers, Wood’s Board indicated that they likely would endorse the offer to the company’s shareholders, given that complete terms and conditions are agreed on.

Throughout this negotiation period, shareholders do not need to take any action concerning the possible offer. The company assures the stakeholders that future updates will be released in due course. The release of this announcement was approved by Sidara, and John Habgood, the company secretary, was responsible for ensuring its release on behalf of Wood.