Wood Group Plc has delayed key shareholder meetings relating to its acquisition by Sidara, owing to the ongoing wait for the company’s 2024 annual report and H1 2025 interim results. This critical documentation, required for the completion of the Sidara deal, is now expected to be published on or before 31 October 2025, with meetings rescheduled for the week commencing 17 November 2025.
The acquisition, subject to Wood’s publication of overdue accounts and amendments to debt facilities, marks one of the more complex company takeovers in recent Scottish business history. Sidara’s $450 million capital injection is intended to provide greater financial stability for Wood, whose board unanimously supports the offer.
Talal Shair, Chair and Chief Executive Officer of Sidara, commented: “This is a transformational moment for our company. Through this move, Wood becomes part of Sidara, creating a global, world-class, privately held engineering and design group. In the short term, our additional financial support will bring greater stability, but our vision is for Wood to take the lead in energy and materials.”
Wood shareholders are advised to consult the company’s website and regulatory releases for further information about the revised timetable and upcoming decisions.
