Member Info for JamesOxford

@Icecool Incorrect. I had hoped for a second bidder to create a bidding war and therefore, drive up the Wood share price from 18p. Unfortunately, no second bidder has entered the race - arguably for good reason (based on Wood's audited accounts). We are were we are with the Wood share price at 22p and and one interested party with their offer on the table at 30p. A vote for 'Yes' is a no brainer for obvious reasons.

Goodnight.

Correction - my previous post stated 2026, should have read as 2027 i.e. If the vote is 'No' then Sidara may walk away as they have done before, or may revise their bid up or down. Wood's lenders will extend debt to October 2027 only and no 'New Money' facility has been offered to Wood.

@Thedetector Sidara's offer of 35p and $450 million is it.

Realistically a new bidder MUST enter the fray via RNS at 8.00am tomorrow Wednesday 12 November. This is unlikely as Wood have said that 'As at 28 October 2025, being the latest practicable date prior to publication of this Supplementary Circular, no proposal other than the Acquisition, written or verbal, has been made for the Wood Group and Wood does not have any discussions ongoing with, and is not in receipt of any approach from, any party other than Sidara.'

Wood has also advised that 'The Wood Directors, who have been so advised by Europa Partners, Rothschild & Co, J.P. Morgan, Cazenove and Morgan Stanley as to the financial terms of the Acquisition, consider the terms of the Acquisition to be fair and reasonable'.

Iain Torrens, Interim CFO and incoming CEO, said: “As we near the close of this challenging chapter in Wood’s history and look to enter this next period, we are focused on strengthening the Company while still delivering high-quality work for our clients. Importantly, we are progressing the Sidara acquisition of Wood, which will provide greater stability for Wood, open new opportunities for our employees and support long-term growth.”

Wood stated that 'The acquisition provides certain cash value for Wood shareholders at 30 pence per share, compared to alternative options that the Wood directors believe would likely generate materially less, and potentially zero, value for shareholders.'

I would suggest everyone who wants to vote does so on Wednesday 12 November i.e. 48 hours (business days) before 17 November. The votes will be finalised at 3pm on 17 November.

If the vote is 'Yes' the vote will be sanctioned on day - yet to be determined in H12026...this will be known as 'D' Day. Wood shares will be suspended by 7.30am on 'D' Day +2. Wood shares will be cancelled on 'D' Day +3. Immediately upon the 'Yes' vote Wood receives Sidara's $250 million along with Wood lender debt extentions to October 2028 along with a 'New Money' facility of $200 million. Upon completion/settlement, Sidara owns Wood and investors receive 30p per share, and Wood receives Sidara's balance of $200 million.

If the vote is 'No' then Sidara may walk away as they have done before, or may revise their bid up or down. Wood's lenders will extend debt to October 2026 only and no 'New Money' facility has been offered to Wood.

Wood's audited accounts are there for all to see. Wood has not provided any forward guidence.

There is an old saying 'Better the devil you know, than the devil you don't'.

JO will vote 'Yes' to the assured 30p return, rather than take a punt on the deep dark unknown.

GLA

@OldBill 'Bob Any discusion about a rival bid?'

You will have to ask Graff he says he has secret sources that say the rival bidders are 'waiting for the last second' and will bid no less than 60p!!!

Can't wait!

@Bob It's your shares/cash to vote how you best see fit.

My attitude is that no one knows more about Wood's situation than Wood themselves. Wood has recommended Sidara's offer - and after the audited accounts were released, we can all see why such recommendation was made. In the absence of another bidder at 8.00am tomorrow, for me it is a 'Yes' vote, as I would rather take known 30p cash, than venture into the dark depths of the unknown.

@Bob Correct - but a little light on details.

I would say that Iain is the 'money man' if anyone can pull it off he can. But remember, at the end of the day, Iain's responsibility is to Wood and its shareholders. Iain made it clear that all information has been presented to shareholders in order for them to make a decision. If the decision is 'No', then Iain will need cash, and very quickly indeed. You know the old saying: 'Beggars cannot be choosers'.

There is no guarantee of anything. Hence, all current Wood investors should 'Hope for the best and expect the worse'. Then there ought to be no disappointments from anyone.

@ytse 'My instinct says there will be no deal on Monday; otherwise, the price will likely be at least 26–27p.'

Most investors will leave thieir cash firmly in their pockets until after the vote is known on Monday. If 'Yes' Wood's share price will climb to circa 26-27p. If 'No' Wood's share price will plummet to new lows i.e. less than 17p.

The old saying of 'Never invest more than you are prepared to lose' certainly holds here.

@Futurehire I know how much you like AI, so for a bit of fun I typed into Google for an AI reponse under the question "If vote is no does sidara have to walk away". The answer is as below...

These comments are direct from AI:

;If the vote is "no", Sidara will likely reassess its position and may choose to walk away from the deal, potentially leaving the Wood Group shareholders facing a "wipeout" under an alternative debt-for-equity scheme.

The Wood Group board has recommended shareholders accept Sidara's offer of 30 pence per share, presenting it as a binary decision between the offer or "potentially zero" value for their shares.

A "no" vote, without another bidder emerging, would make it very likely that Wood's lenders would then implement a debt-for-equity swap, which would severely dilute or wipe out current shareholders. Sidara's initial offer was made before Wood published poor audited accounts, so they might not even make another offer if the first one is rejected.

For the acquisition scheme to pass, Sidara needs 75% of the votes cast in favour; the "no" side only needs 26% to block it. A "no" vote is a risky strategy for shareholders hoping for a higher offer, as it could result in Sidara walking away entirely.'

There endith the quote.

I do not rely on AI for my investments, but in this case AI makes alot of sense. IMO

@CaptainSwag 'If the offer is rejected then sid will not offer 25p. doesn't make sense.'

It makes sense. Now that Wood's audited accounts are revealed, it shows significant asset writedowns, circa $1.5-1.6 billion debt, over -$1 billion net debt, 2.1 billion operating loss, and -$404 million cash flow negative. It is clear that Wood has serious issues.

I expect the vote to be 'Yes' for obvious reasons.

Hypothetically, if the vote is 'No' Sidara will walk away. As it currently stands Sidara may be interested in 6 months time at 25p plus $500 million cash injection. ALternatively, maybe Apollo will step in after Sidara's failed bid and offer the same. Especially if Iain (new Wood CEO) releases an RNS to the effect of debt for equity vs another offer, followed quickly by a nother RNS - this time from Apollo for 25p and $500 million cash injection.

@Graff We are still waiting for your 'rival bidders' to 'snap Wood up'...Can you ask them to hurry up, I am sure I speak for everyone here - especially when we bank 60-90p and you have promised we will! Time is nearly up on your 'credibility' Graff...RNS by 5.30p today to announce the new bidders?

If the Sidara offer is rejected then it would literally be a gamble whether or not: Sidara offers more (35p keen to buy Wood for its future growth) or less (25p to reflect Wood's poor audited accounts and immediate requirement for substantial cash injection) vs Sidara walks as they have done in the past.

Sidara's offer is 30p and that was declared before Wood's audited accounts were known...

If Sidara knew then what it knows know, I would say Sidara would either offer 25p and use the 5p difference to boost the cash injection of $450 million higher...and be prepared to walk away (i.e. if not accepted).

The market has already shown what it think of Wood's audited accounts. The market will wisely sit on the sideleines and wait for the outcome of the vote, if 'Yes' the share price will surge higher, if 'No' the share price will plummet...both movements will be for obvious reasons.

@Graff Can you please let us know when the rival bidders will make their move?

In order for votes to be assured in time, it is recommended that votes are submitted tomorrow Wednesday 12 November. That means your rival bidders at 60-90p need to make their voices heard by close of business today.

Please Graff - you have been assuring Wood investors that there wil definately be rival bidders...not bidder. - but BIDDERS...where are they...??? Please consut with your secret sources and let us know before we have to cast our votes tomorrow in order to be sure they are submitted in time.

Graff your 'credibility' is on the line here...

We all look forward to your update!

@Icecool 'If this was a done deal, the market would be trading at 29p+ right now. Instead, it’s sitting miles below, because the smart money knows exactly what’s brewing behind the scenes.'

You are making it all up - you have absolutely no idea! You really are a stand up comedian..I suppose that explains all your emojs!

@Icecool 'This No syndicate is very real imo. All the evidence points in that direction'

Provide evidence please...

Silence. I thought so.

Swissshhh...the sound of tumble-weed rolling gently down the street...

@SeemsLukeWarm 'ice, re your comment: >' haha there is already a 26% no syndicate established. it’s obvious.' have missed a lot over the last week so not up to date with chatter but who is this 26% no syndicate you are referring to?'

Icecool has made it all up. There is no '26% No Syndicate'...other than inside Icecool's own head. Now there is another 'No' syndicate formed by Icecool and it's called 'Icecool and the Fantasy band'. Icecool is the lead singer, Metaton is back up singer, Luca plays the fiddle, Futurehire plays the banjo, Graff plays with himself, FrogglesBoggles writes the songs. There is no drummer - that position is open as the last drummer quit because Icecool wanted to keep banging his own drum!

@Icecool I have one word for you 'TRX'...your now suspended share...a company that announced in its RNS taht it has run out of cash and cannot operative without an immedite fund raise via institutional/top shareholders. Result equity wipeout for current TRX shareholders. Icecool, well done - you sure can pick 'em!

With a 'No' vote - to Sidara's $450 million cash, Wood's lenders debt extentions to October 2028 and 'New Money' facility of $200 million - Wood will suffer the same fate as TRX...begging bowl out for cash from institional investors (unlikley) or debt for equity swap with lenders (likely) either way equity wipeout for current Wood shareholders. Fortunately, investors smarter than Icecool know this to be fact and will vote 'Yes', and bank the 30p and move onto pastures new.

Icecool says he will make a decent profit on 30p. Yeah right...Icecool is the ONLY investor I know who does not like to make a profit!

Lets see what happens on 17 November.

@Graff I have quickly scanned your/this thread....

You have made twenty six (26!) posts that 'several new bidders will arrive and offer 60-90p minimum'.

Realistically any new bidders have to declare tomorrow. Therefore, based on your posts and your secret sources, can we be ready for multiple bidders to offer to buy Wood tomorrow..? I for one cannot wait for Wood's multiple RNS releases! Thanks Graff!

Tomorrow Graff, we will see how credible you are...

@Pensioninvestor 'Let's go it alone!'

Er, one question...with whose cash...?!

@Icecool 'They’re clearly in discussions planning for independence. It’s staring everyone in the face.'

Your above post is not going to age well. Wait until 17 November. Anyway, JO doesn't know why your are bothered...after all you have already stated there is a 90% change of a 'No' vote. I would have thought you would be 100% sure of a 'No' vote. Obviously not...can't think why not! Lol

@Ilovesushi ''Tomorrow morning is my guess.'

Agreed...or by COB tomorrow. Graff said there are several bidders and not to accept less than 60p minimum!

New bidders...roll up, roll up where-ever you are!

Graff has alot to answer for if a new bidder does not appear tomorrow...Graff the liar and fraudster?! We will know after tomorrow!

Can someone send a search party for Graff...?!