Member Info for Pete640

DYOR - But in my opinion now is the time for decisions:

1. Sidara put a bid the II’s will accept and buy Wood for 75p. The finance and other audit bits is all smoke and mirrors. Sidara know what Wood is, do and future contracts in detail. The re-finance and debt, any other monies needed, then Sidara have big pockets and big ME banks ready!!

2. The AGM is a controversy and II’s vote out the BoD and then who knows what?

3. AGM goes quietly, and re-finance sorted and audited accounts on 6 July , after another small extension, but Sidara are told put up 75p, or Wood goes it alone with new finance, maybe sells a few assets and maybe monies borrowed from pension fund over 3 years?

Now is decision time, for Wood to get on doing what it does best !!

JO - Very quick question? Can Sidara tomorrow or Thursday, put a bid if 50p / share with monies at £400 million for short term debt and have this put to II’s before new accounts and while being suspended?

Cheers!!

Does ENQ have any ownership or contracts with either Equinor or Centrica? Does ENQ not own 5% of Equinor?

Agree totally! Sidara bid65p and II’s accept then Sidarareplace the CEOand BoD within 6 months. The CEO and BoD should go now and Wood reject any offer under 65p!!! If another bid comes in at80-90p all winners!

Kando, and others! They (Wood and Sidara combined could have paid £3-4 million pounds and brought in an extra 30 external auditors/accountants and finance people from either PEC, Deloitte or EY and dine the re-audit2024 books and accounts in 3 months! This is all a smoke screen! Woodard generating millions in profits and signing HUGE new contracts and work for the next 5 years, HUGE!!! If the big Investment Houses let this go to Sidara for 35p then more fool them and Wood, the minimum they should accept is 60p and even then, I think Wood going it alone will bounce back within 12-18 months and they have backing of the banks, Government of the day, plus II’s. This isa charade and either Sidara should put up 60p or move on and a deadline e by Wood put on them for30 May.

Aimaster the numpty!! Filtered and forgotten!!!!

1: Ken Gilmartin, Chief Executive Officer, ken.gilmartin@woodplc.com

2: David Lockwood, Non Executive Director Management, david.lockwood@woodplc.com

3: Azad HESSAMODINI, Executive President, azad.hessamodini@woodplc.com

4: Michael Rasmuson, Group General Counsel, Legal, Ethics & Compliance,

michael.rasmuson@woodplc.com

5: Craig SHANAGHEY, Executive President Projects, Project Delivery,

craig.shanaghey@woodplc.com

6: Brenda Reichelderfer, Non Executive Director, Management,

brenda.reichelderfer@woodplc.com

7: Birgitte Brinch, Non Executive Director Management, birgitte.brinch@woodplc.com

8: Catherine Michel, Non Executive Director Management, catherine.michel@woodplc.com

9: Tracy MOIR, Executive Assistant - Senior Management, tracy.moir@woodplc.com

10: Roy FRANKLIN, Non Executive Director Management, roy.franklin@woodplc.com

11: Marla Storm, Chief Human Resources Officer, marla.storm@woodplc.com

12: Steve NICOL, Executive President Operations Management,steve.nicol@woodplc.com

13: Sue Steele, Non Executive Director Management, sue.steele@woodplc.com

14: Jennifer Richmond, Chief Strategy Officer, jennifer.richmond@woodplc.com

15: Bob Carter, President II, Investment Services, bob.carter2@woodplc.com

16: Iain Torrens, Group CFO Finance & Administration, iain.torrens@woodplc.com

17: Nigel Mills, Non Executive Director Management, nigel.mills@woodplc.com

18: Keith DAGLEISH, Senior Vice President Commercial, Finance & Administration,

keith.dagleish@woodplc.com

20: Simon McGough, President Investor Relations Finance & Administration,

simon.mcgough@woodplc.com

21: Andrew WEBSTER, Deputy Chief Financial Officer Finance & Administration,

andrew.webster@woodplc.com

22: Erik Larson, President, Corporate Development & Strategy,

erik.larson@woodplc.com

23: Matt KIRK, President, Global Account Management Strategy, matt.kirk@woodplc.com

24: Steph Crawford, Senior Marketing & Communications Manager, Operations Strategy,

steph.crawford@woodplc.com

25: Cameron GOLDIE, Vice President Group Finance Projects, Finance & Administration,

cameron.goldie@woodplc.com

26: Aimee Ironside, Vice President Strategic Communications Strategy,

aimee.ironside@woodplc.com

27: Bill SETTER, Group Financial Controller & President of Tax Finance &

Administration, bill.setter@woodplc.com

Within10 days the CEO and BOD need tote,ease a statement to allow what is the state if affairs S far as:

a. Audited acco7nts.

b. Money in cash and order books.

c. What the EBITDA is for next 2 years.

d. What finances are in place and planned.

Then ref elect and say we will accept 50p per share o4 we will resign and have a new BoD andCEO,keep new CFO and then go asa stand alone oraccept50p + a bidder!!

Strong buy for both companies over next6 months, plus divis, then maybe have a second shot at a merger?? Plus Enquest may have bought some Waldorf assets? These 2 are stronger together against this idiotic Milliband!!!

JO - That’s a bit harsh !! As the RTO of Enquest ENQ and Serica SQZ - a reverse takeover with divi payouts is a no brainer!!

Agree Jenashon , OTG on its own is worth 25p sp, plus CEC probably worth 15p sp on its own, so at least 75p sp if you combine WG with ITG and CEC, anything less is fraud/stealing assets and the Government or II’s should be shouting this to every MP in the UK. The Scottish Government/Assembly should be on the news everyday shouting out these facts to who ever will listen, this is theft!!

Agree Jenashon , OTG on its own is worth 25p sp, plus CEC probably worth 15p sp on its own, so at least 75p sp if you combine WG with ITG and CEC, anything less is fraud/stealing assets and the Government or II’s should be shouting this to every MP in the UK. The Scottish Government/Assembly should be on the news everyday shouting out these facts to who ever will listen, this is theft!!

Megla, I believe there will be a request for a 4 week extension as lots of work and DD still to do on both sides?

Yorkshire blues how can there conditions be met before suspension? Tell me how? They won’t have 2024 audited and full re-submitted accounts to until probably earliest 10 May 25. Financial institutions won’t have waivers ready for continued finance over at least 12 months, until after they see Deloitte report and 2024 accounts. It is stalemate unless SID just bite the bullet, offer Wood and II’s 45p and settle this on Monday next week or Friday this week, without conditions and just get on with it!!

Poker chips- why the negativity, none of us know what this week brings, we should judt all be patient and wait! Plus your way out speculation on debt is woeful, look at the recent market reports and IR on debt within Wood, which has reduced over last 3 years from over 2.5 Billion to around 1 Billon or less? Plus all companies have debt and Wood no different and repaying it!

3 Main points:

Everyone is waiting for:

1. New audited 2024 accounts in full.

2. Deloitte report in full.

3. Covenant waivers for finance to Oct 2026.

Once all these are delivered during suspension at around 10 May time.

Then and only then will an offer be made I think of 40p from Sid or the BoD and CEO will know more, other bidders may come in and if bad reports then maybe Sid walk, but Wood will be in a good place to restructure finance, keep II’s happy and have a plan and strategy for the next 2-3,years?

For now we sit and wait these 3 deliveries in May and fit on our hands and do nothing or buy at cheap 20p if you feel Sid will buy in May????

If they had been to,d if 35p and were in agreement the sp would be 33p awaiting RNS and sign off to vote! It isn’t they are planning a EGM, oust the CEO and BoD, re-finance parts that need it, remaining covenants are good to October next year, plus contracts and wins coming in, this is a company about to re-start with good governance, government backing via financials and banks re-finances and hopefully Sidara shown the door or pay a proper price of 75p?!! The 450 million with conditions of finance before and after II’s vote is a sham!!

Concentrate on the reverse takeover BB.?????? Once we become SENQO then look further afield!?! The reverse takeover is very important!!

Concentrate on the reverse takeover BB.?????? Once we become SENQO then look further afield!?! The reverse takeover is very important!!

Buy at 20p and watch and wait for 2-3 months, this is atypical II’s planning for removal of board, ditch Sidara offer and re-finance and new board , strategy and tactical wins and moves and hopefully within 12-18 months, profits growth and a new direction and good leadership/governance and financial ways of working with transparency????

ALL on this BB - Icecool is right on one thing definitely!!! That if the II’s had sanctioned the board to accept a 35p offer under certain conditions and the price at 35p, THIS sp would have been at 34-37p over the days Monday to Thursday and huge buying!!!! Fact!! So because it’s not at 34p awaiting conditions of audit report, and new accounts for 2024 after suspension, probably around the10 May 25? All waiting for the payout???? NO there not, this CEO and BoD and Sidara lowball offer is a ‘dead duck’ !!!