Wood Group (John) PLC Statement re:final resolution of SFO investigation (0697E)
July 02 2021 - 11:34AM
UK Regulatory
TIDMWG.
RNS Number : 0697E
Wood Group (John) PLC
02 July 2021
2(nd) July 2021
John Wood Group PLC ('Wood' or 'the Company')
LEI: 549300PLYY6I10B6S323
Statement re: final resolution of SFO investigation
John Wood Group PLC confirms that Amec Foster Wheeler Energy
Limited (AFWEL) has entered into a Deferred Prosecution Agreement
('DPA') with the UK's Serious Fraud Office ('SFO') following its
approval by Lord Justice Edis.
This follows the preliminary approval announced on June 25(th)
and formalises the Company's resolution with the SFO concerning the
use of third-party agents for bribery and corruption in the legacy
Foster Wheeler business.
The DPA covers conduct in five jurisdictions - Nigeria, Saudi
Arabia, Malaysia, India and Brazil - over the period 1996 to 2014,
before Amec plc acquired Foster Wheeler and prior to the combined
firm's acquisition by Wood in October 2017.
The DPA only relates to the potential criminal liability of
AFWEL and does not address whether liability of any sort attaches
to any employee, agent, former employee or former agent of AFWEL.
Reporting restrictions apply such that Wood is not able to provide
any further details of the conduct.
The terms of the three-year DPA and the remediation actions Wood
has already taken are as outlined in the company's market
announcement on June 25th.
Robin Watson, Chief Executive, Wood, said: "Receipt of judicial
approval in the UK officially concludes the investigations into
legacy Amec Foster Wheeler. We are pleased to have resolved these
historical issues, which pre-date our acquisition of the business
in 2017, and can now look to the future."
- Ends -
About Wood:
Wood is a global leader in engineering and consultancy across
energy and the built environment, helping to unlock solutions to
some of the world's most critical challenges. We provide
consulting, projects, and operations solutions in more than 60
countries, employing around 40,000 people. www.woodplc.com
For further information contact: press.office@woodplc.com
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