Member Info for Crazyyear

Is there a live link to the GM today

Why the sudden jump in the SP?

Does anyone know when WG shares are likely to be delisted in 2026

There can be no certainty that the outstanding Exceptional Condition will be satisfied, and its satisfaction is outside of the control of Sidara and Wood. For further details on the Exceptional Conditions, please refer to section 5 of Part I (Letter from the Chair of the Board of Wood) and Part A of Part II (Conditions to the Implementation of the Scheme and to the Acquisition) of the Scheme Document.

Can someone explain this

The Acquisition continues to be conditional upon, among other things, the following outstanding Exceptional Condition: there having been no termination (other than by reason of a voluntary prepayment and/or cancellation in respect of the Interim Facility or the New Money Facility) or acceleration of any Amended Wood Debt Facility with an outstanding principal amount of $20 million or higher, as set out in section 4(A) of Part A of Part III (Conditions to the Implementation of the Scheme and to the Acquisition) of the Scheme Document.

I have just gone over their Audited results which were given over the FCA. The FCA were satisfied re there content and accuracy. On reflection Sidara may be waiting for the vote next week re there content and financials. If everything is voted through next week than we hopefully should see some green on the SP

We all know it’s all well and good going into a car sales room and convincing the sales man that this 40k car is for you and you will be back with the deposit tomorrow. meanwhile he gets a pat on the back from the big boss, only to find out two weeks later the prospective buyer has not turned up with that promised deposit. How long do you think that salesman is going to wait, before he realises that sale is not happening . If WG do not answer that question in next weeks GM, then I will walk away

The big boys “are going to suck up all those cheap shares”. Listen to the hurrras. My god i for one would love the big boys to come in. How long does this share have to slip back towards 18p a share before people open their eyes and engage their brains. WE HAVE ONLY HAD A VOTE, NOTHING MORE!!!!!. Sidara have committed to nothing legally. THERE IS NO SIGNATURE ON THE DOTTED LINE. We are still vulnerable to sudden change . If this company were a fantastic buy at !8p a share I and a few mates would had had a win round and bid ourselves. Let’s not get carried away until that loan is taken I for one am worried about making a big LOSS on my investment. I do not want to wake up to a RNS saying Sidara have walked.

Looking at the recent events/timelines, it would seem more likely that Sidara were simply testing the shareholders sentiment re the vote. They knew all along that this company could be bought for practically nothing . Hats off ,this is a great strategy. Knowing the company had the FCA report hanging over them. Sidara now can wait for the findings and simply talk down the bid. The fact that £250 million hasn’t changed hands is a red flag. I like many others here have been duped into buying ,on the understanding that this was a done deal. IT IS NOT. We are all at the behest of of a FCA report that could turn out to be another WG twist in the road

There is clearly going to be questions from shareholders re the 250 million loan and when it is going to be realised by WG. This will be a clear signal to the market when/if WG exercise this option. Will the board give any answers to these questions when raised at the GM or simply deflect?

Latest 8.3 form. Why would Marathon Asset Management Limited who hold 24.5 million shares sell 6.7k ? very odd

Can anyone tell me what the agenda is for next weeks meeting . Is this connected to the Sidara takeover?

Does this mean that Sidara have 90-days in which they have to commit to the funding or walk away

Sidara Interim Funding Agreement

Bidco and Wood entered into the Sidara Interim Funding Agreement on 29 August 2025 pursuant

to which Bidco will provide a term loan facility of $250 million to Wood which will be available to

draw upon, among other things, Wood Shareholders approving the Acquisition at the Meetings

and the A&E Effective Date having occurred.

The secured parties under the Sidara Interim Funding Agreement will receive the benefit of the

Security Package, subject to the terms of the Intercreditor Agreement.

The Sidara Interim Funding will be available to draw in US dollars in a single loan, subject to

satisfaction of the conditions precedent set forth in the Sidara Interim Funding Agreement, until

the date falling 90 days after the A&E Effective Date.

The rate of interest payable on the Sidara Interim Funding is the aggregate of the applicable

margin (being, absent certain specified defaults, 2.00 per cent. per annum) plus a compounded

reference rate applicable to US dollars.

The Sidara Interim Funding Agreement contains customary representations and warranties,

affirmative and negative covenants, indemnities and events of default, the scope and application

of each of which is aligned to those applicable under the Existing Wood RCF (as amended

pursuant to the Committed Debt Lock Up Agreement) until the A&E Effective Date, and then the

Amended and Restated RCF thereafter.

Should this have followed on from the vote

Sidara Commitment Letter

On 29 August 2025, Wood, Bidco and Sidara entered into a commitment letter (the “Sidara

Commitment Letter”), pursuant to which Bidco has undertaken to provide (or procure that any

of its affiliates provides) funding of $200 million to Wood within seven business days following

completion of the Acquisition (the “Sidara Post-Completion Funding”). The Sidara

Post-Completion Funding is required to be provided either as subordinated unsecured

indebtedness or as equity (or another capital instrument) in Wood, provided that, in each case,

the relevant funding instrument complies with certain conditions including that any distributions

on that instrument are non-cash only and that any maturity or redemption date on such

instrument is no earlier than the maturity date applicable to the Amended and Restated RCF,

Amended and Restated Term Loan and Amended and Restated USPPs.

The Sidara Commitment Letter requires Wood and Bidco to negotiate in good faith to agree the

long-form terms of the Sidara Post-Completion Funding, to the extent provided via debt financing,

with a view to agreeing and executing definitive documentation on or prior to 21 November 2025.

Update on the Amendment and Extension

If this happens within days ,you would expect that SP to respond

All outstanding conditions precedent under the A&E Implementation Deed, the Sidara Interim Funding Agreement and the Escrow Agreement are customary documentary conditions precedent within Wood's control and Wood expects to satisfy them in the next few days. Wood will receive the $250 million Sidara Interim Funding and will have access to the $200 million New Money Facility shortly thereafter.

How soon do people think the first payment from Sidara will take place. This week or next?

Does anyone know if there was any institutional buying going on today at these prices

If they receive the money from Sidara this week we should see a kick up on the SP. This will signal to the market that the deal is moving along

When you had institutions holding millions in this company how could they possibly face an uncertain future re the sp. They had to go with the offer it was a done deal from the very start of the process. I for one make no apologies in saying i have only been in this share since the shares became unrestricted.

People in the know here were spouting that there is time for a rival bidder to come forward. I know nothing so enlighten me if this can still happen