On 24 March 2025, Wood announced that the deadline by which Dar Al-Handasah Consultants Shair and Partners ("Sidara") is required either to announce a firm intention to make an offer for Wood in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer had been extended to 5.00pm on 17 April 2025.

On 14 April 2025, Wood announced that it had received a holistic non-binding conditional proposal from Sidara, including a possible offer of 35 pence(1) in cash per Wood share to acquire the entire issued and to be issued share capital of the Company (the “Possible Offer”).  As set out in that announcement, further extensions to the current PUSU deadline of 17 April 2025 were anticipated in order to enable satisfaction or waiver of the pre-conditions to the announcement by Sidara of a firm offer for Wood under Rule 2.7 of the Code.

The Board of Wood has therefore requested, and the Panel has consented to, an extension to the date by which Sidara is required either to announce a firm intention to make an offer for Wood in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement would be treated as a statement to which Rule 2.8 of the Code applies. Such announcement must now be made by not later than 5.00pm on 15 May 2025. This deadline can be further extended with the agreement of the Board of Wood and the consent of the Panel.

As previously announced by the Company on 31 March 2025, in light of extensive work needed to conclude its audit for FY24, it is expected that the Company will not publish its FY24 accounts by 30 April 2025 and, in that case, the Company's shares would be suspended from trading from that time as work progresses towards completion of its FY24 accounts.

(1) The Possible Offer is subject to a number of pre-conditions, as set out in Wood’s announcement of 14 April 2025. The Possible Offer is also subject to a number of reservations, including under which Sidara can make an offer on less favourable terms, as further described in Wood’s announcement of 14 April 2025.

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