John Wood Group PLC
("Wood Group")
ACQUISITION OF PSN
Wood Group, the international energy services company, confirms the completion
today of the acquisition of Production Services Network Limited ("PSN").
Bob Keiller has today been appointed as executive director of Wood Group and
CEO of the combined Wood Group PSN production services business.
No further disclosures are necessary in respect of Bob Keiller's appointment
under paragraph 9.6.13 of the Listing Rules.
In connection with the acquisition, Wood Group has made applications to the
UKLA and London Stock Exchange relating to the admission of 10,511,413 ordinary
shares (being consideration shares due to certain vendors of PSN) to the
Official List of the UKLA and to trading on the London Stock Exchange
respectively ("Admission"). Admission is expected to take place on 21 April
2011.
Enquiries
For further information please contact:
John Wood Group PLC
Nick Gilman, Group Head of Communications & Investor Relations
Tel: +44 (0)1224 851000
Name of authorised company official responsible for making this notification.
ROBBIE M. B. BROWN, COMPANY SECRETARY
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.