2.8 - Statement regarding John Wood Group PLC

Sidara

05 August 2024

 

2.8 ANNOUNCEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")

FOR IMMEDIATE RELEASE

5 August 2024

Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara")

Statement regarding John Wood Group PLC ("Wood")

Further to the announcements made by Sidara and Wood regarding a possible offer for Wood by Sidara, Sidara confirms that in light of rising geopolitical risks and financial market uncertainty at this time, Sidara does not intend to make a firm offer for Wood.

This announcement is made in accordance with Rule 2.8 of the Code. As a result of this announcement, Sidara, together with any person(s) acting in concert with it, will be bound by the restrictions contained in Rule 2.8 of the Code.

Under Note 2 on Rule 2.8 of the Code, Sidara and any person(s) acting in concert with it reserve the right to set aside the restrictions in Rule 2.8 of the Code in the following circumstances:

·      with the agreement or recommendation of the Board of Directors of Wood;

·      following the announcement of a firm intention to make an offer for Wood, by or on behalf of a third party;

·      following the announcement by Wood of a Rule 9 waiver proposal (as described in Note 1 on the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in the Code); or

·      if the Panel on Takeovers and Mergers determines there has been a material change of circumstances.

Enquiries:

Brunswick Group LLP | Tel: [phone]

Further information about Sidara

Sidara is a global planning, design, engineering and project management group founded in 1956 with revenues of $2.8bn and extensive operations in the US, EMEA and Asia. Sidara is a privately-owned working partnership with no external shareholders.

With an important and substantial presence in London, Sidara has over 20,000 employees spanning 308 offices and 60 countries worldwide. Some of the industry's most recognizable and specialist brands are part of Sidara, including award-winning global architecture firm Perkins & Will, global engineering firm TYLin, and specialist project management firm Currie & Brown.

Sidara is the trading name of Dar Al-Handasah Consultants Shair and Partners Holdings Ltd.

Allen Overy Shearman & Sterling LLP is acting as legal adviser to Sidara.

Important information

A copy of this announcement will be available atwww.sidaracollaborative.com by not later than 12.00 noon (London time) on the business day immediately following the date of this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

 

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