The Board of Wood notes the recent announcement by Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ('Sidara') and confirms that it has received a fourth and final, unsolicited, preliminary and conditional proposal from Sidara for a cash offer of 230 pence per Wood share (the 'Final Proposal').
The Board, together with its financial advisers, is evaluating the Final Proposal and a further announcement will be made in due course.
There can be no certainty that an offer will be made.
Any offer for Wood is governed by the Code. Under Rule 2.6(a) of the Code, Sidara must, by not later than 5.00 p.m. on 5 June 2024, 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.
The person responsible for arranging the release of this announcement on behalf of Wood is Martin McIntyre, Company Secretary.
This announcement has been made without the consent of Sidara.
Source: Wood
