Wood Group (John) Plc - Form 8 (OPD) - John Wood Group PLC
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the “Code”)
1. KEY INFORMATION
______________________________________________________________________________ |(a) Full name of discloser: |John Wood Group PLC | |__________________________________________________________|___________________| |(b) Owner or controller of interests and short positions | | |disclosed, if different from 1(a): | | | |N/A | |The naming of nominee or vehicle companies is | | |insufficient.For a trust, the trustee(s), settlor and | | |beneficiaries must be named. | | |__________________________________________________________|___________________| |(c) Name of offeror/offeree in relation to whose relevant | | |securities this form relates: |John Wood Group PLC| | | | |Use a separate form for each offeror/offeree | | |__________________________________________________________|___________________| |(d) Is the discloser the offeror or the offeree? |OFFEREE | |__________________________________________________________|___________________| |(e) Date position held: | | | |17 May 2024 | |The latest practicable date prior to the disclosure | | |__________________________________________________________|___________________| |(f) In addition to the company in 1(c) above, is the | | |discloser making disclosures in respect of any other party| | |to the offer? |N/A | | | | |If it is a cash offer or possible cash offer, state “N/A” | | |__________________________________________________________|___________________|
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates
_______________________________________________________________________ |Class of relevant security: | | |_____________________________________________________|_________________| | |Interest|Short | | | |position| | |________|________| | |Number|%|Number|%| |_____________________________________________________|______|_|______|_| |(1) Relevant securities owned and/or controlled: |NIL |-|NIL |-| |_____________________________________________________|______|_|______|_| |(2) Cash-settled derivatives: |NIL |-|NIL |-| |_____________________________________________________|______|_|______|_| |(3) Stock-settled derivatives (including options) and|NIL |-|NIL |-| |agreements to purchase/sell: | | | | | |_____________________________________________________|______|_|______|_| |TOTAL: |NIL |-|NIL |-| |_____________________________________________________|______|_|______|_|
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
______________________________________________________________________________ |Class of relevant security in relation to which subscription right exists:|N/A| |__________________________________________________________________________|___| |Details, including nature of the rights concerned and relevant |N/A| |percentages: | | |__________________________________________________________________________|___|
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
______________________________________________________________________________ |Details of any interests, short positions and rights to subscribe (including | |directors’ and other employee options) of any person acting in concert with | |the party to the offer making the disclosure: | |______________________________________________________________________________| |(a) Interests held by the directors or John Wood Group PLC and their close | |relatives and related trusts | | | | ________________________________________________________________________ | || | |Percentage of total issued| | ||Name |No. of ordinary shares|share capital (excl. share| | || | |options)(1) | | ||______________________|______________________|__________________________| | ||Arvind Philip Balan |657,065 |0.09% | | ||______________________|______________________|__________________________| | ||Birgitte Brinch Madsen|5,000 |0.00% | | ||______________________|______________________|__________________________| | ||Roy Alexander Franklin|74,000 |0.01% | | ||______________________|______________________|__________________________| | ||Kenneth Gilmartin |1,162,927 |0.16% | | ||______________________|______________________|__________________________| | ||David Charles Lockwood|25,000 |0.00% | | ||______________________|______________________|__________________________| | ||Adrian Marsh |27,000 |0.00% | | ||______________________|______________________|__________________________| | ||Nigel Gordon Mills |7,341 |0.00% | | ||______________________|______________________|__________________________| | ||Brenda Reichelderfer |15,000 |0.00% | | ||______________________|______________________|__________________________| | ||Susan Steele |36,913 |0.00% | | ||______________________|______________________|__________________________| | | | |(1) The total number of ordinary shares in issue as at the date of this | |document is 691,839,369 ordinary shares of4 2/7 pence each with voting | |rights. Percentage holdings are rounded down to two decimal places. | |______________________________________________________________________________| |(b) Interests held as options or awards under the share plans of John Wood | |Group PLC by the directors of John Wood Group PLC and their close relatives | |and related trusts who are not exempt principal traders for the purposes of | |Rule 8 of the Code | | | | ___________________________________________________________________________ | || | |No. of | | | | | | || | |shares |Date of |Vesting | |Exercise | | ||Name |Share plan |under |grant |date |Lapse date|price per| | || | |options /| | | |share (£)| | || | |awards(1)| | | | | | ||_________|_____________|_________|___________|________|__________|_________| | || |Discretionary|591,226 |1 January |31 March|N/A |Nil | | || |Share Plan | |2024 |2029 | | | | || |(subject to |_________|___________|________|__________|_________| | || |performance |1,306,403|19 April |20 March|N/A |Nil | | || |conditions) | |2024 |2026 | | | | || |_____________|_________|___________|________|__________|_________| | ||Arvind |Discretionary|257,036 |19 April |20 March|N/A |Nil | | ||Philip |Share Plan | |2024 |2025 | | | | ||Balan |(not subject |_________|___________|________|__________|_________| | || |to | | | | | | | || |performance | | | | | | | || |conditions, |1,430,822|19 April |20 March|N/A |Nil | | || |not eligible | |2024 |2025 | | | | || |for notional | | | | | | | || |dividends) | | | | | | | ||_________|_____________|_________|___________|________|__________|_________| | || |Long Term | | | | | | | || |Plan (not | |1 January |1 March | | | | || |subject to |4,180 |2021 |2026 |N/A |Nil | | || |performance | | | | | | | || |conditions) | | | | | | | || |_____________|_________|___________|________|__________|_________| | || | |234,276 |1 January |20 March|N/A |Nil | | || |Long Term | |2022 |2025 | | | | || |Plan (subject|_________|___________|________|__________|_________| | || |to |58,569 |1 January |20 March|N/A |Nil | | || |performance | |2022 |2027 | | | | || |conditions) |_________|___________|________|__________|_________| | || | |998,062 |1 January |20 March|N/A |Nil | | || | | |2023 |2028 | | | | || |_____________|_________|___________|________|__________|_________| | || |Discretionary| | | | | | | ||Kenneth |Share Plan | |1 January |31 March| | | | ||Gilmartin|(subject to |933,643 |2024 |2029 |N/A |Nil | | || |performance | | | | | | | || |conditions) | | | | | | | || |_____________|_________|___________|________|__________|_________| | || |Annual Bonus |74,756 |18 April |20 March|N/A |Nil | | || |Plan (not | |2023 |2025 | | | | || |subject to |_________|___________|________|__________|_________| | || |performance |81,618 |19 April |20 March|N/A |Nil | | || |conditions) | |2024 |2026 | | | | || |_____________|_________|___________|________|__________|_________| | || | |25,533 |20 April |20 April|N/A |Nil | | || |Employee | |2023 |2025 | | | | || |Share Plan –_|_________|___________|________|__________|_______ | | || |not eligible |2,220 |19 April |19 April|N/A |Nil | | || |for notional | |2024 |2026 | | | | || |dividends(2) |_________|___________|________|__________|_________| | || | |1,761 |16 May 2024|19 April|N/A |Nil | | || | | | |2026 | | | | ||_________|_____________|_________|___________|________|__________|_________| | | | |(1) Unless otherwise stated, nil-cost options and/or conditional awards are | |subject to notional dividends from the date of grant to the vesting date on | |the final award. | | | |(2) Awards under the Employee Share Plan which were granted in the 2023 award | |year have been aggregated and stated as having been granted on the date of the| |first award in that year (i.e., 20 April 2023). | |______________________________________________________________________________| |(c) Interests and short positions held by non-exempt connected advisors of | |John Wood Group PLC | | | |NONE | |______________________________________________________________________________|
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
4.
OTHER INFORMATION
(a) Indemnity and other dealing arrangements
______________________________________________________________________________ |Details of any indemnity or option arrangement, or any agreement or | |understanding, formal or informal, relating to relevant securities which may | |be an inducement to deal or refrain from dealing entered into by the party to | |the offer making the disclosure or any person acting in concert with it: | | | |Irrevocable commitments and letters of intent should not be included. If there| |are no such agreements, arrangements or understandings, state “none” | |______________________________________________________________________________| |NONE | |______________________________________________________________________________|
(b) Agreements, arrangements or understandings relating to options or derivatives
_____________________________________________________________________________ |Details of any agreement, arrangement or understanding, formal or informal, | |between the party to the offer making the disclosure, or any person acting in| |concert with it, and any other person relating to: | | | |(i) the voting rights of any relevant securities under any option; or | | | |(ii) the voting rights or future acquisition or disposal of any relevant | |securities to which any derivative is referenced: | | | |If there are no such agreements, arrangements or understandings, state “none”| |_____________________________________________________________________________| |NONE | |_____________________________________________________________________________|
(c) Attachments
Are any Supplemental Forms attached?
_______________________________________ |Supplemental Form 8 (Open Positions)|NO| |____________________________________|__| |Supplemental Form 8 (SBL) |NO| |____________________________________|__|
_________________________________________________________ | |20 May 2024 | |Date of disclosure:| | |___________________|_____________________________________| | |Martin J. McIntyre, Company Secretary| |Contact name: | | |___________________|_____________________________________| | |+ 44 (0) 1224 851000 | |Telephone number: | | |___________________|_____________________________________|
Public disclosures under Rule 8 of the Code must be made to a
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk .
