REG - Wood Group (John)PLC - Extension of temporary waivers & lender engagement

John WoodAnnouncement

01/07/2025 07:00

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RNS Number : 0769P  Wood Group (John) PLC  01 July 2025

1 July 2025

John Wood Group PLC ("Wood" or the "Company")

Extension of temporary waivers and lender engagement

Further to the Company's announcement on 30 April 2025, Wood has agreed
extensions to the temporary waivers under its committed debt facilities
(initially valid through to 30 April 2025 and then extended to 30 June 2025)
to 31 July 2025, and these waivers have been expanded to include the financial
covenants in those facilities in respect of the financial period ending on 30
June 2025.

Wood remains in constructive dialogue with its lenders and noteholders in
relation to the Debt Modifications and the Sidara Liquidity Arrangements
relating to Sidara's Possible Offer (each as defined in the Company's
announcement of 14 April 2025).

 

Enquiries

 Wood

 Simon McGough, President, Investor Relations   07850 978 741
 FTI Consulting (PR Adviser)                    020 3727 1340

 Alex Le May, Nick Hasell, Ariadna Peretz

The person responsible for arranging the release of this announcement on
behalf of Wood is John Habgood, Company Secretary.

 

 

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