Corporate action notice21 Oct 2025 14:07
Afternoon Bros..
Just had this notice on SD account...
"JOHN WOOD GROUP PLC - Important Information
"Acquisition by Sidara Ltd.
30 pence in cash for each John Wood Group Plc Ordinary share held.
Important Information & Other Key Dates:
On 29th August 2025, the Boards of John Wood Group Plc (JWG) and Sidara Ltd (Sidara) announced they had reached agreement on the terms of a Cash Acquisition, whereby Sidara would acquire the entire issued, and to be issued, share capital of JWG. The Acquisition will be implemented by way of a Court sanctioned Scheme of Arrangement (the Scheme).
The Board of JWG, having been so advised by Europa Partners, Rothschild & Co, J.P. Morgan Cazenove and Morgan Stanley, consider the terms of the Acquisition to be fair and reasonable.
The Scheme is subject to Shareholder approval at a General Meeting and Court Meeting on 12th November 2025 and will then be subject to Court Sanctioning at Court Hearing on a date yet to be announced. If approved, the Scheme is expected to become effective 2 business days after Court Sanctioning.
JWG has previously suspended trading of its shares on the London Stock Exchange, with the suspension becoming effective on 1st May 2025. JWG will request that the FCA restore the listing and trading of JWG shares once the company accounts have been published, at least 14 days before the court meeting. The JWG listing will be cancelled shortly after the effective date of the scheme.
It is not yet known when the Scheme Proceeds will be paid in to your account, we'll update your account when the Scheme takes effect.
For the latest news and information about the Scheme, please visit the JWG website at https://www.woodplc.com/"...
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