The Board of Wood notes the announcement today by Apollo Management Holdings, L.P. (“Apollo”) of a possible offer at a final price of 240 pence per share in cash for the entire issued and to be issued ordinary share capital of Wood (the "Final Proposal"). The Final Proposal is subject to a number of pre-conditions and reservations as described in Apollo’s announcement.
The Board of Wood will continue to engage with its shareholders.
There can be no certainty that an offer will be made. Further announcements will be made as appropriate.
Any offer for Wood is governed by the Code. Under Rule 2.6(a) of the Code, Apollo must, by not later than 5.00 p.m. on 19 April 2023, either announce a firm intention to make an offer for Wood in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.
For further information:
Wood
Simon McGough, President, Investor Relations | 07850 978 741
J.P. Morgan Cazenove (Joint Financial Adviser and Corporate Broker) | 020 7742 4000
Richard Perelman
James Robinson
Charles Oakes
Morgan Stanley (Joint Financial Adviser and Corporate Broker) | 020 7425 8000
Tom Perry
Matthew Jarman
FTI Consulting (PR Adviser) | 020 3727 1340
Alex Le May
Nick Hasell
Ariadna Peretz