Member Info for Sm66

It’s all hypothetical as we’re all locked in now. I’m certainly not trolling or ramping as it’s pointless during suspension. Simply sharing

GLA

It is an RNS, number 73591

I’ve just read the RNS on LSE and you’re all correct, there is no mention of an offer being made on less favorable terms. However my IG account seems to have a more in depth description. Make of it what you will. Just thought I’d share what I’ve been reading.

This is part of a news release from IG

Alex Le May, Nick Hasell, Ariadna Peretz

Notes 1. The Possible Offer is subject to a number of pre-conditions, as set out in

Wood's announcement of 14 April 2025. The Possible Offer is also subject to a number of reservations, including under which Sidara can make an offer on less favourable terms, as further described in Wood's announcement of 14 April 2025.

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a

Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and De

Offer may be reduced if certain conditions aren’t met. That sounds like a lower offer could arrive and could be recommended. What a shambles this has turned into. Deeply disappointed. Still holding 49,000 shares and relieved I reduced considerably. Seriously hope the offer, whatever it is gets rejected. New management and turn the ship around

Rob

I’ve just gone long on Brent crude

All this chat about staying in suspension. It’s only until the accounts are finished. Deloitte have been at it since November, they can’t be too far from completion. I don’t think they can remain in suspension if the accounts are completed.

However, I’m still under but average now 19.2

Well dragon

I bought at 17.02,17.4, 17.5 and 17.7. I thought time is running out and frankly f—k it

18p more hardly equates to a premium offer. Last time around they offered 230p which was circa 100p above the then current SP. these games will end v soon but what a game!

Dave

Totally agree with that

Shewill

I’ve been burnt several times also, PFC, SDRY, Eddie stobart, I’m beginning to think I should be a shorter as I can certainly pick em!

WG has a different feel though, I’m hanging into suspension, have fewer shares than I have held but enough to matter to me. What’s happened here is beyond mismanagement and it stinks however, I’d be very surprised to see anything negative about the going concern question. Unless KG has simply lied through his teeth all along? I’m going with icecool on this for a complete change of management insisted by the big institution’s for the best case scenario, failing that 35p will end the drama and give me a decent profit.

JO

Check the RNS’s, black rock and Barclays etc have been trading all in very low numbers considering what they’re holding. I don’t believe they are privy to what’s going on behind closed doors. There was one leak which the FT published on the Sidara offer, since the the ship has been water tight.

Dave the swing voter

Give it a rest pal. There are real people with real money invested here. Nobody wants to loose money.

The real question here is when will the two II’s stop selling and when will the shorts decide enough is enough. As many have said they’re unlikely to hold into suspension but what’s their target? 17.5 will provide a 100% lift on the offer price. It’s looking manipulated right now, could just as easily drop again or rise? We don’t know but it’s a painful process on paper.

Dave, really clients aren’t even leaving PFC, you’ve lost any credibility you may have had

Mcap £130m

EBITDA 450m

Assets £3B

Debt £690m-£1B

Total disconnect IMV.

A responsible BOD would suspend trading immediately as the business is clearly under attack.

I’m wondering if tuesdays 10% early rally was due to MW reducing, if so and if the shorts decide not to hold into suspension then we should see a nice rally approaching suspension date. They’ll possibly wait until the last 2 days?? We shall see.

BB is becoming toxic.

Fact is, everyone is under water at present apart from shorts, of note MW are continuing to reduce their short position. Question is whether the shorts will hold into suspension and how long will the suspension last. First question will be answered as we go into suspension. As for how long? The recent RNS stated that the review was largely completed so that would indicate that they’re finalizing the report. Will Sidara pay 35p, will II vote for 35p, will another bidder appear? We will find out soon enough.

Lots of people suggesting up to 6 months, however, Deloitte started the review in November so that would point to some time in May. It is however looking increasingly like a strategy. They’ve already stated that no material impact and that it will not affect the company’s ability to raise funds. EBITDA. For 22/23 will most likely be updated. The issue appears to be a possible breach in covenants however they have also claimed waivers so, who knows? Crazy share price that’s had the life kicked out of it.

I’ve been watching the A trades, mostly on the sell side and they seem to be struggling to take it below 20.0. The bid is dropping below but 20 seems to be a wall. For now at least