REG - Apollo Mgmt. H L.P. Wood Group (John)PLC - Statement of Intention Not to Make an Offer

John WoodAnnouncement

15/05/2023 07:00

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RNS Number : 3400Z  Apollo Management Holdings, L.P.  15 May 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS
AND MERGERS (THE "CODE").

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

15 May 2023

Apollo Management Holdings, L.P.

(together with its subsidiaries, "Apollo")

Statement of Intention Not to Make an Offer for John Wood Group PLC ("Wood")

Further to the announcements made by Apollo and Wood regarding a possible
offer for Wood by Apollo, Apollo confirms, on behalf of certain investment
funds managed by it, that it does not intend to make an offer for Wood.

This is a statement to which Rule 2.8 of the Code applies. Accordingly, Apollo
and any person(s) acting in concert with it will, except with the consent of
the Panel on Takeovers and Mergers (the "Panel"), be bound by the restrictions
set out in Rule 2.8 of the Code.

For the purposes of Rule 2.8 of the Code, Apollo (and any person(s) acting in
concert with it) reserves the right to set aside the restrictions in Rule 2.8
of the Code in any of the following circumstances: (i) with the agreement of
the board of directors of Wood; (ii) following the announcement by or on
behalf of a third party of a firm intention to make an offer for Wood; (iii)
if Wood announces a Rule 9 waiver proposal (as described in Note 1 of the
Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as
defined in the Code); or (iv) if there has been a material change of
circumstances (as determined by the Panel).

 

Contacts

 

Apollo

 Noah Gunn, Global Head of Investor Relations          +1 212 822 0540
 Joanna Rose, Global Head of Corporate Communications  +1 212 822 0491

 

About Apollo

Apollo Global Management, Inc. (together with its subsidiaries, the "Apollo
Group") is a high-growth, global alternative asset manager.  As of 31(st)
March 2023, the Apollo Group had approximately $598 billion of assets under
management across its investment strategies. The Apollo Group's patient,
creative, knowledgeable approach to investing aligns the interests of its
clients, the businesses its funds invest in, their employees and the
communities they impact, to expand opportunity and achieve positive outcomes.
To learn more, please visit www.apollo.com (http://www.apollo.com) .

 

Important notices:

This announcement is not intended to and does not constitute an offer to buy
or the solicitation of an offer to subscribe for, sell or otherwise dispose
of, or an invitation to purchase or subscribe for any securities or the
solicitation of any vote in any jurisdiction whether pursuant to this
announcement or otherwise.

 

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part, directly or indirectly, in, into or from jurisdictions outside the
United Kingdom may be restricted by law and therefore persons in such
jurisdictions or into whose possession this announcement comes should inform
themselves about and observe such restrictions. Any failure to comply with the
restrictions may constitute a violation of the securities law of any such
jurisdiction.

 

This announcement has been prepared in accordance with English law and
information disclosed may not be the same as that which would have been
prepared in accordance with the laws of jurisdictions outside England.

 

The contents of any website referred to in this announcement is not
incorporated in, and does not form part of, this announcement.

 

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