Vanguard Announces New Position in Wood Group (John) plc

The Vanguard Group, Inc. disclosed in a recent public filing its ownership and control of interests in Wood Group (John) plc. As reported on May 15, 2024, under Form 8.3 of the Takeover Code, Vanguard now holds 4.78% of the company's shares, totaling 33,050,695 ordinary shares of 4 2/7p each.

This position was attained through recent transactions, including the purchase of 17,952 ordinary shares on May 14, 2024, for £2.01 per unit. This disclosure falls under the regulatory requirements that necessitate transparency when interests in relevant securities reach 1% or more. Vanguard affirmed that no other disclosable positions in additional parties to the offer were reported, nor were there dealings in cash-settled derivatives or stock-settled derivative transactions.

The filing, devoid of any agreements, arrangements, or understandings regarding indemnity, options, or derivatives, indicates Vanguard's straightforward financial interest in Wood Group (John) plc without further complexities or intended acquisitions disclosed to the market at this time.