Completion of sale of UK T&D
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
FOR IMMEDIATE RELEASE
30 December 2025
John Wood Group PLC
("Wood" or the "Company")
Completion of sale of UK T&D to United Infrastructure
Further to the Company's announcement on 10 December 2025, the board of Wood is pleased to announce that it has today completed the sale of its United Kingdom Transmission & Distribution engineering business ("UK T&D") to UI Telecoms & Power Holdco Limited ("United Infrastructure"), as described in the announcement on 10 December 2025, for a cash consideration of £57.5 million (around $77.7 million) with cash proceeds of approximately £55.1 million net of transaction costs.
For the purposes of UK Listing Rule 7.3.3, Wood confirms that there has been no material change affecting any matter contained in the Company's announcement on 10 December 2025.
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Enquiries |
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Simon McGough, President, Investor Relations |
+44 (0)7850 978 741 |
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Alex Le May / Ariadna Peretz, FTI Consulting |
+44 (0)20 3727 1340 |
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