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

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

RNS Number : 2984S
Credit Suisse Securities (Eur) Ltd
29 November 2012




29 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

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

Further to yesterday's announcement, Credit Suisse Securities (Europe) Limited
('Credit Suisse') and J.P. Morgan Securities plc ('J.P. Morgan Cazenove')
announce that they have placed 16,357,614 existing ordinary 4 2/7 pence shares
of John Wood Group PLC on behalf of The Wood Family Trust, the Sir Ian Clark
Wood's 1997 Discretionary Trust and certain members of the Wood family (but
not Sir Ian Wood). The shares were sold at a price of 775 pence per ordinary
share, raising gross proceeds of c.£127 million.



Credit Suisse and J.P. Morgan Cazenove  acted as Joint Bookrunners in  respect 
of the Placing.



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 PARTIN 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
WHOARE "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 THEUK 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 THEPLACING 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 announcementand the information contained herein are for information
purposes only and do not constituteor form part of any offer or an
invitation to acquire or disposeof or sellsecurities inany jurisdiction and
in particularthe United States, Canada, Australia or Japan or in anyother
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, theregistration
requirements ofthe Securities Act andthe 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 orJ.P. Morgan Cazenoveor 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 orJ.P. Morgan Cazenoveor 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
SuisseandJ.P. Morgan Cazenove to inform themselves about and to observe any
such restrictions.

Credit SuisseandJ.P. Morgan Cazenoveare 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 ofCredit SuisseandJ.P. Morgan Cazenove nor
for providing advice in relation to the Placing. Each of Credit Suisse and
J.P. Morgan Cazenoveis authorised and regulated in theUnited 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

END


MSCEAPFNAFLAFEF -0- Nov/29/2012 08:17 GMT
 
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