TIDMWG.
RNS Number : 2714S
Wood Group (John) PLC
08 March 2023
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: 6 March 2023
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 N/A
of any other party to the offer?
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: Ordinary shares of 4 2/7 p each
Interests Short positions
-------------------- ------------------
Number % Number %
-------------- ---- ------------- ---
(1) Relevant securities owned and/or controlled: NIL - NIL -
-------------- ---- ------------- ---
(2) Cash-settled derivatives: NIL - NIL -
-------------- ---- ------------- ---
(3) Stock-settled derivatives (including options) and agreements to NIL - NIL -
purchase/sell:
-------------- ---- ------------- ---
NIL - NIL -
TOTAL:
-------------- ---- ------------- ---
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 percentages: N/A
----
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 of John Wood Group PLC and their close relatives and related
trusts
Name No. of ordinary Percentage of
shares total issued share
capital (excl.
share options)
(1)
David Miller Kemp 174,338 0.02%
---------------- --------------------
Kenneth Gilmartin 309,000 0.04%
---------------- --------------------
Roy Alexander Franklin 37,000 0.00%
---------------- --------------------
Susan Steele 8,500 0.00%
---------------- --------------------
Brenda Reichelderfer 15,000 0.00%
---------------- --------------------
Adrian Marsh 27,000 0.00%
---------------- --------------------
Birgitte Brinch
Madsen 5,000 0.00%
---------------- --------------------
Nigel Gordon Mills 7,341 0.00%
---------------- --------------------
Jacqueline Ferguson 20,084 0.00%
---------------- --------------------
(1) Total number of ordinary shares in issue 691,839,369 ordinary shares of 4 2/7 pence each
with voting rights.
(b) Interests held as options or awards under the share plans of John Wood Group PLC by the
directors of 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
Name Share No. of Date Vesting Lapse Exercise
Plan ordinary of grant date date price
shares under per share
options / (GBP)
awards(1)
David Long Term 203,893 1 January 20 March N/A Nil
Miller Plan (subject 2020 2025
Kemp to
performance
conditions)
-------------- ------------- ---------- ---------- --------- ----------
275,061 1 January 1 March N/A Nil
2021 2026
-------------- ------------- ---------- ---------- --------- ----------
380,024 1 January 20 March N/A Nil
2022 2027
-------------- ------------- ---------- ---------- --------- ----------
Long Term 65,091 1 January 26 March 26 March Nil
Plan (no (original 2018 2023 2024
longer award of
subject 118,048
to adjusted
performance to 59,024
conditions) post
performance,
with 6,067
shares under
option added
for notional
dividends
accrued
during
performance
period
2018-2020)
-------------- ------------- ---------- ---------- --------- ----------
38,898 1 January 10 March N/A Nil
(original 2019 2024
award of
146,084
adjusted
to 36,521
post
performance,
with 2,377
shares under
option added
for notional
dividends
accrued
during
performance
period
2019-2021)
-------------- ------------- ---------- ---------- --------- ----------
Annual 30,312 1 April 20 April 20 April Nil
Bonus Plan 2020 2022 2023
(not subject
to
performance
conditions)
-------------- ------------- ---------- ---------- --------- ----------
14,888 28 April 15 March N/A Nil
2022 2024
-------------- ------------- ---------- ---------- --------- ----------
Employee 10,873 22 April 22 April N/A Nil
Share Plan 2021 2023
(not eligible
for notional
dividends)
-------------- ------------- ---------- ---------- --------- ----------
14,631 28 April 28 April N/A Nil
2022 2024
-------------- ------------- ---------- ---------- --------- ----------
Kenneth Long Term 150,217 1 January 28 March N/A Nil
Gilmartin Plan (subject 2020 2023
to
performance
conditions)
-------------- ------------- ---------- ---------- --------- ----------
37,554 1 January 1 March N/A Nil
2020 2025
-------------- ------------- ---------- ---------- --------- ----------
167,214 1 January 1 March N/A Nil
2021 2024
------------- ---------- ---------- --------- ----------
41,804 1 January 1 March N/A Nil
2021 2026
------------- ---------- ---------- --------- ----------
234,276 1 January 20 March N/A Nil
2022 2025
------------- ---------- ---------- --------- ----------
58,569 1 January 20 March N/A Nil
2022 2027
-------------- ------------- ---------- ---------- --------- ----------
Long Term 50,000 30 1 N/A Nil
Plan (not September September
subject 2021 2023
to
performance
conditions,
not eligible
for notional
dividends)
-------------- ------------- ---------- ---------- --------- ----------
(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.
(c) Interests and short positions held by connected advisors of John Wood Group PLC
JPMorgan Chase Bank, National Association (Affiliate of J.P. Morgan Securities plc, Connected
Adviser)
Class of relevant security: Ordinary shares of 4 2/7 p each
Interests(1) Short positions
---------------------- ------------------
Number % Number %
------------ -------- --------------
(1) Relevant securities owned and/or
controlled: 11 0.00 NIL -
------------ -------- --------------
(2) Cash-settled derivatives: NIL - NIL -
------------ -------- --------------
(3) Stock-settled derivatives (including NIL - NIL -
options) and agreements to purchase/sell:
------------ -------- --------------
TOTAL: 11 0.00 NIL -
------------ -------- --------------
(1) Total number of ordinary shares in issue 691,839,369 ordinary shares of 4 2/7 pence each
with voting rights.
(d) Interests, short positions and rights to subscribe held by other presumed concert
parties 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
---
Date of disclosure: 8 March 2023
Contact name: Martin J. McIntyre, Company Secretary
--------------------------------------
Telephone number: + 44 (0) 1224 851000
--------------------------------------
Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service.
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 .
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