13th Sep 2005 12:05
Wood Group (John) PLC13 September 2005 John Wood Group PLC ("Wood Group") For immediate release. Not for release, publication or distribution, in whole or in part, in or intothe US, Canada, Australia, South Africa or Japan. Further to this morning's announcement regarding, inter alia, the placing ofPlacing Shares (the "Announcement"), the placing price and size of the issuehave now been determined following the completion of the book building process. Defined terms in this announcement have, unless the context otherwise requires,the same meanings given to them in the Announcement. Wood Group confirms that atotal of 24,176,550 Placing Shares have been placed by Credit Suisse FirstBoston (Europe) Limited and JPMorgan Cazenove at a price of 210 pence perPlacing Share, raising approximately $92.5m before expenses. The Placing Shares will be issued credited as fully paid and will rank paripassu in all respects with Wood Group's existing ordinary shares, including theright to receive all future dividends and other distributions declared, made orpaid after the date of issue of the Placing Shares. Application will be made for admission of the Placing Shares to listing on theOfficial List of the UK Listing Authority and to trading on the London StockExchange's market for listed securities (together, "Admission"). It is expectedthat Admission will become effective and dealings in the Placing Shares willcommence no later than 8.00 a.m. on 16 September 2005. The Placing is conditional, inter alia, upon Admission becoming effective by8.00 a.m. on 16 September 2005 (or such later time and or date as the Managersand Wood Group may agree) and on no force majeure event having occurred beforeAdmission. 13 September 2005 Enquiries to: John Wood Group PLC tel: +44 (0) 1224 851000 Alan Semple, Group Finance DirectorNick Gilman, Investor Relations Credit Suisse First Boston (Europe) Limited tel: +44 (0) 20 7888 8888 James Leigh-PembertonRichard Crawley JPMorgan Cazenove Limited tel: +44 (0) 20 7588 2828 John PaynterRobert Constant Brunswick tel: +44 (0) 20 7404 5959 Patrick HandleyNina Coad This announcement does not constitute an invitation to underwrite, subscribe foror otherwise acquire or dispose of any ordinary shares in the capital of theCompany (the "Wood Group Shares"). Past performance is no guide to futureperformance and any investment decision to buy Placing Shares must be madesolely on the basis of Publicly Available Information (as defined below).Persons needing advice should consult an independent financial adviser. This announcement is not for publication or distribution, directly orindirectly, in or into the United States. This announcement is for informationonly and does not constitute an offer or invitation to acquire or dispose ofWood Group Shares in the United States. The Wood Group Shares have not been andwill not be registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act") and may not be offered or sold in the United States exceptpursuant to an exemption from, or in a transaction not subject to, therequirements of the Securities Act. There will be no public offer of Wood GroupShares in the United States, the United Kingdom or elsewhere. The distribution of this announcement and the offering or sale of the PlacingShares in certain jurisdictions may be restricted by law. No action has beentaken by the Company, Credit Suisse First Boston or JPMorgan Cazenove that wouldpermit an offering of such ordinary shares or possession or distribution of thisannouncement or any other offering or publicity material relating to suchordinary shares in any jurisdiction where action for that purpose is required.Persons into whose possession this announcement comes are required by theCompany, Credit Suisse First Boston and JPMorgan Cazenove to inform themselvesabout and to observe any such restrictions. Credit Suisse First Boston, which is authorised and regulated by the FSA, isacting for Wood Group in connection with the Placing and no one else and willnot be responsible to anyone other than Wood Group for providing the protectionsafforded to clients of Credit Suisse First Boston nor for providing advice inrelation to the Placing. JPMorgan Cazenove, which is authorised and regulated by the FSA, is acting forWood Group in connection with the Placing and no one else and will not beresponsible to anyone other than Wood Group for providing the protectionsafforded to clients of JPMorgan Cazenove nor for providing advice in relation tothe Placing. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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