2.8
ANNOUNCEMENT
NOT FOR RELEASE, PUBLICATION
OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
THIS IS AN ANNOUNCEMENT
FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS
(THE "CODE")
FOR
IMMEDIATE RELEASE
5 August 2024
Dar Al-Handasah Consultants
Shair and Partners Holdings Ltd ("Sidara")
Statement regarding John Wood
Group PLC ("Wood")
Further to the announcements made by
Sidara and Wood regarding a possible offer for Wood by Sidara,
Sidara confirms that in light of rising geopolitical risks and
financial market uncertainty at this time, Sidara does not intend
to make a firm offer for Wood.
This announcement is made in
accordance with Rule 2.8 of the Code. As a result of this
announcement, Sidara, together with any person(s) acting in concert
with it, will be bound by the restrictions contained in Rule 2.8 of
the Code.
Under Note 2 on Rule 2.8 of the Code,
Sidara and any person(s) acting in concert with it reserve the
right to set aside the restrictions in Rule 2.8 of the Code in the
following circumstances:
· with
the agreement or recommendation of the Board of Directors of
Wood;
· following the announcement of a firm intention to make an
offer for Wood, by or on behalf of a third party;
· following the announcement by Wood of a Rule 9 waiver proposal
(as described in Note 1 on the Notes on Dispensations from Rule 9
of the Code) or a reverse takeover (as defined in the Code);
or
· if the
Panel on Takeovers and Mergers determines there has been a material
change of circumstances.
Enquiries:
Brunswick Group LLP | Tel: +44
(0) 20 7404 5959
Further information about Sidara
Sidara is a global planning, design,
engineering and project management group founded in 1956 with
revenues of $2.8bn and extensive operations in the US, EMEA and
Asia. Sidara is a privately-owned working partnership with no
external shareholders.
With an important and substantial
presence in London, Sidara has over 20,000 employees spanning 308
offices and 60 countries worldwide. Some of the industry's most
recognizable and specialist brands are part of Sidara, including
award-winning global architecture firm Perkins & Will, global
engineering firm TYLin, and specialist project management firm
Currie & Brown.
Sidara is the trading name of Dar
Al-Handasah Consultants Shair and Partners Holdings Ltd.
Allen Overy Shearman & Sterling
LLP is acting as legal adviser to Sidara.
Important information
A copy of this announcement will be
available atwww.sidaracollaborative.com by not later than 12.00
noon (London time) on the business day immediately following the
date of this announcement. The content of the website referred to
in this announcement is not incorporated into and does not form
part of this announcement.