Member Info for GAZKING72

When does the lock in period end?

Can sell loads atm.

Been loading up - these guys specialise in event driven investing for quick returns so i suspect they are thinking this will be concluded within a relatively short time frame.

Yes and impatient folks getting robbed in the process.

I am sure someone on here posted court listing scheduled for Mid Feb?

Its by the end of H1 but hopefully its the start of Q2 (April).

2024 accounts have been audited and signed off by the auditors.

Are very quiet / low , feels like everybody has taken positions now either way...just a matter of waiting.

Funding from Sid remains is my understanding.

Its a win win either way from the current SP, either the deal goes through and i believe the probability is high then we get 30p, if the deal folds then Wood will be valued accordingly and are in a much stronger financial position with all the asset sales and the funding from SID which will still be available in the form of a loan agreement.

Whats you rational for that then, other than SID are getting a bargain? It's a done deal (99%) at 30p.

Rubbish....what a clown.....lol

At this level, looks like a lot of day traders were looking for some sort of announcement today which was never going to happen and have left, gifting us patient investors some bargain prices today....thanks ;-)

Tiddly holdings and hit his target sales price.

Don't they have to make a formal offer when they breach 30%

Closing by the looks of things.

Should close above 26p today looking at the book.

Ey reasons why Sidara isn't buying freely below 30 p:

Mandatory adherence to the Takeover Code

Under the City Code on Takeovers and Mergers, once a potential offeror (Sidara) indicates intent to make a bid, they must treat all shareholders equally. This means the offer price (30 p) must apply across the board, regardless of lower market trading levels. Private deals below that price on the open market are prohibited. [mondaq.com], [resourcehu...kenzie.com]

Shares are suspended from trading

John Wood Group’s shares have been halted on the exchange since around April–May 2025 amidst accounting issues and an ongoing FCA investigation. With the shares suspended, Sidara (or anyone) can’t legally buy them on the open market. [lse.co.uk], [invezz.com]

Public bid structure requires transparency

Sidara must publicly announce and launch a formal takeover offer. If they tried buying privately under 30 p, it would breach Rule 2.5 and other provisions of the Takeover Code—they'd need to extend the 30 p offer to all shareholders. This prevents any selective accumulation or price suppression tactics. [lexology.com], [resourcehu...kenzie.com]

Pre-bid due diligence and conditional structures

Sidara’s 30 p bid comes with conditions, such as audited 2024 accounts, lender-repayment agreements, and board backing. Any share bought below offer without those conditions wouldn’t be legally bound into the formal takeover mechanism. [lse.co.uk], [woodplc.com]

📌 Summary

Takeover Code: forbids unilateral accumulation below the bid price.

Suspended trading: no open market purchases possible.

Formal takeover required: must issue equal offer to all shareholders at once.

Therefore, Sidara can't just buy on the open market below 30 p—they must pursue the regulated takeover route.

Would you like me to outline what happens if the takeover conditions aren’t met?

Does this say SID are buying shares or am i misreading the RNS?

So why aren't these Sharks buying shares in volume in the open market at bargain prices? your posts have no substance or links to anything creditable to support your comments.