Sidara Offer1 Oct 2025 10:19
This is from FAQ section from the Wood microsite: https://www.woodplc.com/investors/pages/sidara-proposal-2025/microsite
What is the full timetable and is this subject to change?
The following indicative timetable is based on Wood’s and Bidco’s current expected dates for the implementation of the Scheme and is subject to change. If any of the dates and/or times in this expected timetable change, the revised dates and/or times will be notified to Wood Shareholders by announcement through the Regulatory Information Service of the London Stock Exchange, with such announcement being made available on Wood’s website at https://www.woodplc.com/investors. Unless otherwise stated, all times referred to in this Document and timetable set out below are London times.
Event Schedule
Publication of the Scheme Document
11 September 2025
Latest time for lodging Forms of Proxy for the Court Meeting (blue form)
10:30 a.m. on 10 November 2025
Latest time for lodging Forms of Proxy for the General Meeting (yellow form)
10:45 a.m. on 10 November 2025
Voting Record Time
6:30 p.m. on 10 November 2025
Court Meeting
10:30 a.m. on 12 November 2025
General Meeting
10:45 a.m. on 12 November 2025
Wood and Bidco currently propose to proceed with the following dates and times associated with the Scheme. However, these dates and times are subject to change and will depend on, among other things, the date on which the Conditions to the Scheme are satisfied or, if capable of waiver, waived, and the date on which the Court sanctions the Scheme. Should any of these dates or times change, Wood will give adequate notice by issuing an announcement through a Regulatory Information Service, with such announcement being made available on Wood’s website at https://www.woodplc.com/investors. Further updates and changes to these times will be notified in the same way. See also note (1).
Sanction Hearing:
Expected in H1 2026, subject to Conditions and prior to Long Stop Date (“D”)
Last day for dealings in, and for the registration of transfer of, Wood Shares
D+1
Scheme Record Time
6:00 p.m. on D+1
Disablement of CREST in respect of Wood Shares
6:00 p.m. on D+1
Suspension of dealings in Wood Shares
By 7:30 a.m. on D+2
Effective Date of the Scheme
D+2
Cancellation of listing of Wood Shares
By 7:30 a.m. on D+3
Latest date for despatch of cheques and crediting of CREST accounts for cash consideration due under the Scheme
On or as soon as possible after D+2, but not later than 14 days after the Effective Date
Long Stop Date
1 March 2027
The cancellation of the Wood shares listing concerns me. That means we would not get the chance to trade the shares that we currently hold in Wood?
What are your thoughts?
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