Vanguard Discloses Stake in Wood Group (John) plc

The Vanguard Group, Inc. has disclosed a significant holding in Wood Group (John) plc, according to a recent regulatory filing. The investment management firm reported owning 33,030,132 shares, which represents 4.77% of the company. This position was detailed in a Form 8.3 submitted in accordance with the rules of the Takeover Code, which mandates disclosures by persons with interests in relevant securities of 1% or more.

Additionally, the filing provided details of recent transactions involving Wood Group's shares, specifying a purchase of 2,964 shares at a price of 1.96 GBP per share, conducted on 10 May 2024. This disclosure forms part of The Vanguard Group’s compliance with regulatory requirements under the UK’s Takeover Code during ongoing dealings with Wood Group (John) plc.

No further details of derivative transactions or stock-settled derivatives were disclosed, with the provided information focusing solely on the substantial equity holding and the recent share purchase. The communication also confirmed that there are no indemnity or dealing arrangements associated with this disclosure that could influence the company’s market activities. The disclosure was completed on 13 May 2024 with contact details provided for further inquiries.