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WOOD GROUP (JOHN) PLC - Form 8 (DD) - John Wood Group PLC

FORM 8 (DD)

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Full name of discloser:

David Miller Kemp

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

N/A

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree

John Wood Group PLC

(d) Status of person making the disclosure:
e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)

Person acting in concert with the offeree (John Wood Group PLC)

(e) Date dealing undertaken:

24 April 2023

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state “N/A”

N/A

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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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 following the dealing

Class of relevant security:

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

183,791

0.02

Nil

-

(2) Cash-settled derivatives:

Nil

-

Nil

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

-

Nil

-


TOTAL:

183,791

0.02

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 (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:

Ordinary shares of 4 2/7p each

Details, including nature of the rights concerned and relevant percentages:

Long Term Plan (subject to performance conditions):

Number of ordinary shares

Date of grant

Vesting date

Lapse date

Exercise price (per share)

275,061

26/03/2021

01/03/2026

N/A

Nil

380,024

27/04/2022

20/03/2027

N/A

Nil

596,039

18/04/2023

20/03/2028

N/A

Nil

Long Term Plan (no longer subject to performance conditions):

Number of ordinary shares

Date of grant

Vesting date

Lapse date

Exercise price (per share)

65,091 (original award of 118,048 adjusted to 59,024 post performance, with 6,067 shares under option added for notional dividends accrued during performance period 2018-2020)

20/04/2018

19/04/2023

26/03/2024

Nil

38,898 (original 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)

02/05/2019

10/03/2024

N/A

Nil

Annual Bonus Plan (not subject to performance conditions):

Number of ordinary shares

Date of grant

Vesting date

Lapse date

Exercise price (per share)

30,312

01/04/2020

20/04/2022

30/06/2023

Nil

14,888

28/04/2022

15/03/2024

N/A

Nil

52,349

18/04/2023

20/03/2025

N/A

Nil

Employee Share Plan (not eligible for notional dividends):

Number of ordinary shares

Date of grant

Vesting date

Lapse date

Exercise price (per share)

15,549

28/04/2022

28/04/2024

N/A

Nil

935

20/04/2023

28/04/2025

N/A

Nil

3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)

Class of relevant security

Purchase/sale

Number of securities

Price per unit

Ordinary shares of 4 2/7p each

Sold*

5,338

£2.23

*Award of nil-cost Matching Shares under the Wood Employee Share Plan and the subsequent sale of sufficient shares to cover taxes

(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser

Class of relevant security

Purchases/ sales

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

N/A

N/A

N/A

N/A

N/A

(b) Cash-settled derivative transactions

Class of relevant security

Product description
e.g. CFD

Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

N/A

N/A

N/A

N/A

N/A

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type
e.g. American, European etc.

Expiry date

Option money paid/ received per unit

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

(ii) Exercise

Class of relevant security

Product description
e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

N/A

N/A

N/A

N/A

N/A

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing
e.g. subscription, conversion

Details

Price per unit (if applicable)

Ordinary shares of 4 2/7p each

Award of nil-cost Matching Shares under the Wood Employee Share Plan

10,873

NIL

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 or person acting in concert making the disclosure and any other person:
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 or person acting in concert making the disclosure 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:

26 April 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 dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.