Member Info for Rock8

Yahoo total volume 12,328,200 (might move as Yahoo often slow)

Advfn 13.193.071

Advfn is correct data across all UK exchanges

Yahoo data is often nonsense.

Nothing new

Ignore it

Out in force on this BB today.

Just let them talk to themselves.

They need to let the hot air out!

LOLs

Have sold over an over 5% shareholding (between two of them) into the market in recent days/weeks.

Believe both should now be out bar the shares they have on loan to shorts - can’t sell twice!

Sure both have a strong relationship with the short hedge funds.

Suspect that added substantially to recent drop with few buyers out there.

Should be over now?

Dave

“The Sidara bid now look like a red herring and the Wood BoD are about to announce a saving bid from their lenders causing the price to rocket”

Any evidence or just hope?

This is what WG said in Feb 25 about 2024 finals

• Delivery of 2024 guidance supported by actions taken in Q4

o FY24 adjusted EBITDA1 of around $450 million to $460 million

o FY24 adjusted EBIT2 of c.$205 million to c.$215 million

o Actions taken to mitigate weaker-than-expected trading in Q4, including cancelling

executive and employee bonuses and actively managing working capital at year end

o Completed sale of EthosEnergy for net cash proceeds of $138 million

o Net debt excluding leases at 31 December 2024 of around $690 million3 (31 December

2023: $694 million) and average net debt in 2024 of c.$1.1 billion

Sidara are waiting for publication of Fy24 accounts despite the major beneficiary being anyone else looking to bid?

Sidara must be extremely confident there no other bidders in the wings.

Robert

Yes it could be if Sidara agreed.

To be ‘unconditional’ Sidara would have to waive all their conditions they outlined.

Not very likely

Robert

From RNS 14th April Update - check b

“The announcement by Sidara of any firm offer for Wood under Rule 2.7 of the Code (an "Offer") is subject to the satisfaction or waiver of certain pre-conditions, including:

a) legally binding agreement(s) in a form satisfactory to Sidara being entered into in respect of the Debt Modifications and the Sidara Liquidity Arrangements (as defined below);

b) the publication of Wood's audited accounts for the financial year ended 31 December 2024;

c) the unanimous recommendation of such Offer by the Wood Board of Directors and irrevocable undertakings from such directors who hold Wood shares to vote in favour of the Offer;

d) completion of Sidara's due diligence; and

e) final approval of the Sidara Board of Directors.”

Robert

Yes they could apply to LSE for an extension but only if the bid/offer from Sidara was UNCONDITIONAL.

Sadly it’s a conditional offer/bid and one of the conditions is the publication of 2024 audited accounts!

So no possibility of LSE deadline extension.

The suspension is nothing to do with HMRC.

It’s the rules of the stock exchange

Ultimately so will the Institutional Shareholders.

Something is better than nothing

Institutional Shareholders will wait for the formal unconditional offer.

IMHO

Disclosed positions in WOOD GROUP (JOHN) PLC (WG.)

Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero.

Fund % short change Date changed

Cubist Systematic Strategies, LLC 0.50% 0.01% 2 Apr 2025

D. E. Shaw & Co. LP 1.47% 0.19% 25 Feb 2025

Marshall Wace LLP 1.67% -0.11% 15 Apr 2025

Walleye Capital LLC 1.21% 0.06% 27 Mar 2025

Total 4.85%

Both 91 and Border to coast had large volumes of shares lent to shorts.

They showed it as ‘shares without voting rights’!

Yes extension the most obvious but why hasn’t it happened or even just announced with update on Monday?

No downside to that.

We need news confirming offer or more likely the extension required

Only sold 2m yesterday so who was selling?

You are confusing the issue

Its a 35p per share offer

As usual they are buying the debt and giving £415m to the company to ????? Actually for an undisclosed the exact purpose

Surin

It’s not a offer of 85p

It’s 35p per share to shareholders and they have chosen to give 50p per share cash equiv to the company they are acquiring.

That’s the issue they are now having with the Institutional shareholders.

It’s irrelevant - the gift to the company.

No benefit to shareholders