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We are pleased to welcome John Wood Group plc onto our main market. John Wood Group is a provider of selected engineering design, production support and industrial gas turbine services to customers in the oil, gas and power generation industries around the world.
Wood Group provides services to its customers, often on long-term contracts, through 3 complementary businesses - engineering and production facilities, well support and gas turbine services.
Wood Group will use its position to continue to pursue growth opportunities in identified growth areas which include exploiting its status as a leading independent engineer, to provide solutions to oil and gas operators in deepwater and subsea markets, including the Gulf of Mexico, West Africa, the North Sea, Brazil and Asia Pacific. It will also integrate its broad range of activities to meet the increasing demand for outsourced and managed services from the international oil companies, the large independents, the national oil companies as well as the large power producers.
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| Offer price |
195p |
| Number of ordinary shares in the offer |
129,858,667 |
| Number of new ordinary shares issued by the company |
75,951,635 |
| Number of ordinary shares sold by the selling shareholders |
53,907,032 |
| Number of ordinary shares subject to the over-allotment option |
19,478,800 |
| Market capitalisation |
935.4m |
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