Credit Suisse (Eur) Credit Suisse Announces John Wood Group Share Sale

  Credit Suisse (Eur) - Credit Suisse Announces John Wood Group Share Sale

RNS Number : 2576S
Credit Suisse Securities (Eur) Ltd
28 November 2012
 

28 November 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR  FROM THE UNITED STATES,  CANADA, AUSTRALIA, JAPAN  OR 
ANY OTHER JURISDICTION  WHERE TO  DO SO WOULD  CONSTITUTE A  VIOLATION OF  THE 
RELEVANT LAWS OF THAT JURISDICTION

SALE OF JOHN WOOD GROUP PLC SHARES BY WOOD FAMILY MEMBERS AND RELATED TRUSTS

Credit Suisse Securities  (Europe) Limited ('Credit  Suisse') and J.P.  Morgan 
Securities plc ('J.P. Morgan Cazenove')  announce that The Wood Family  Trust, 
the Sir Ian Clark Wood's 1997  Discretionary Trust and certain members of  the 
Wood family, (together the 'Selling  Shareholders'), intend to offer for  sale 
up to 16,357,614 existing ordinary 4^2/[7] pence shares of John Wood Group PLC
(the 'Company' or 'Wood Group'), representing approximately 4.4% of the issued
share capital of the Company (the 'Placing').  For the avoidance of doubt  Sir 
Ian Wood is not selling any shares.

The Placing will represent all of  the Selling Shareholders' holdings of  Wood 
Group shares.  Sir  Ian  Wood holds  9,004,911  ordinary  shares  beneficially 
(approximately 2.4%  of  the  Company's  issued share  capital),  and  he  has 
informed Credit  Suisse  and J.P.  Morgan  Cazenove  that he  has  no  current 
intention to sell or transfer any of his Wood Group shares.

The Placing will take  place via an accelerated  bookbuild. Credit Suisse  and 
J.P. Morgan Cazenove have  been appointed as Joint  Bookrunners in respect  of 
the Placing.

The books for the Placing will open  with immediate effect. The timing of  the 
closing of the books will be at the absolute discretion of Credit Suisse, J.P.
Morgan Cazenove and the Selling Shareholders.

 

General

 

For further information, please contact:

 

Credit Suisse

Tristan Lovegrove

Tel: +44 20 7883 6380

 

J.P. Morgan Cazenove

Michael Wentworth-Stanley

Tel: +44 20 7134 4240

 

 

MEMBERS OF THE PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. THIS
ANNOUNCEMENT AND ANY OFFER OF SECURITIES TO WHICH IT RELATES ARE ONLY DIRECTED
AT PERSONS WHO (1) IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA ARE
QUALIFIED INVESTORS WITHIN THE MEANING OF DIRECTIVE 2003/71/EC AND ANY
RELEVANT  IMPLEMENTING  MEASURES (THE "PROSPECTUS DIRECTIVE"); (2) IN THE UK
WHO ARE "INVESTMENT PROFESSIONALS" FALLING  WITHIN ARTICLE  19(5) OF THE
FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS
AMENDED) (THE "ORDER"); OR (3) IN THE UK ARE PERSONS  FALLING WITHIN ARTICLE
49(2)(A) TO (D) OF  THE ORDER (ALL SUCH  PERSONS REFERRED TO  IN (1), (2) AND
(3) TOGETHER  BEING REFERRED TO AS "RELEVANT PERSONS"). THE INFORMATION
REGARDING THE PLACING SET OUT IN THIS ANNOUNCEMENT MUST NOT BE ACTED ON OR
RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR
INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO
RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.

This announcement and the  information contained  herein are for information
purposes only and do not constitute or form  part of any offer or an
invitation to acquire or dispose of or sell securities in any jurisdiction and
in particular the United States, Canada, Australia or Japan or in any other
jurisdiction in which such an offer of solicitation is unlawful.

The Shares have not been, and will not be, registered under the Securities Act
of 1933, as amended ("Securities Act") or under the securities laws of any
State or other jurisdiction of the United States, and, absent registration,
may not be offered or sold in the United States except pursuant to an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and the securities laws of any State or
other jurisdiction of the United States. There will be no public offering of
securities in the United States or elsewhere.

Any investment decision to buy securities in the Placing must be made solely
on the basis of publicly available information. Such information is not the
responsibility of and has not been independently verified by any of the
Selling Shareholders, Credit Suisse or J.P. Morgan Cazenove or their
respective affiliates.

Neither this announcement nor any copy of it may be taken, transmitted or
distributed, directly or indirectly, in or into or from the United States,
Canada, Australia or Japan. Any failure to comply with this restriction may
constitute a violation of United States, Canadian, Australian or Japanese
securities laws.

The distribution of this announcement and the offering or sale of the Shares
in certain jurisdictions may be restricted by law. No action has been taken by
the Selling Shareholders, Credit Suisse or J.P. Morgan Cazenove or any of
their respective affiliates that would, or which is intended to, permit a
public offer of the Shares in any jurisdiction or possession or distribution
of this announcement or any other offering or publicity material relating to
the Shares in any jurisdiction where action for that purpose is required.
Persons into whose possession this announcement comes are required by Credit
Suisse and J.P. Morgan Cazenove to inform themselves about and to observe any
such restrictions.

Credit Suisse and J.P. Morgan Cazenove are acting for the Selling Shareholders
only in  connection  with the  Placing,  and no  one  else, and  will  not  be 
responsible to anyone other  than the Selling  Shareholders for providing  the 
protections offered to clients  of Credit Suisse and J.P. Morgan Cazenove  nor 
for providing advice in  relation to the Placing.   Each of Credit Suisse  and 
J.P. Morgan Cazenove is authorised and regulated in the United Kingdom by  the 
Financial Services  Authority.   This statement  does  not seek  to  limit  or 
exclude responsibilities or liabilities which may arise under the FSMA or  the 
regulatory regime established thereunder.

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
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HOLEAKFPALNAFFF -0- Nov/28/2012 16:53 GMT