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LONDON - John Wood Group (LON:WG) PLC, a global engineering and consulting firm, confirmed today that it will not meet the April 30, 2025, deadline to publish its financial accounts for the year ended December 31, 2024. Consequently, Wood’s shares will be temporarily suspended from listing and trading on the London Stock Exchange (LON:LSEG) starting 7:30 am on May 1, 2025.
The suspension follows an announcement on March 31, 2025, in which Wood disclosed the expected delay due to the time required to complete an independent review and the audit of its FY24 accounts. The company has requested the suspension in compliance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules and UK Listing Rules.
Wood has expressed its intention to request a reinstatement of its shares’ listing and trading upon the eventual publication of the delayed accounts.
In addition to the suspension, Wood has also secured an extension of the temporary debt waivers initially obtained on March 31, 2025. These waivers, which were set to expire on April 30, 2025, have been extended until June 30, 2025. The extension covers the company’s failure to publish its FY24 accounts by the April deadline.
The delay in publishing its financial results and the subsequent trading suspension represent significant developments for the company’s investors and stakeholders. Wood has not provided a specific date for when it expects to publish the FY24 accounts.
This article is based on a press release statement from John Wood Group PLC.
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