John Wood Group, the troubled Aberdeen-based engineering and consulting giant, said on Wednesday afternoon that its shares are to be restored to listing and trading on the London Stock Exchange following publication of its 2024 Annual Report and Half Year 2025 Results.

Dubai-based Sidara announced on August 29 a proposed deal to take over John Wood Group in a proposed acquisition that is subject to a large number of conditions it said are “highly unusual” under the UK’s Takeover Code.

The boards of Sidara and Wood have agreed a recommended cash acquisition of Wood for 30p a share — around £216 million. Last year, Wood rejected a cash takeover proposal from Sidara worth about £1.4 billion or £2.05 per share, before the Aberdeen firm became engulfed in major problems.

If approved by shareholders, the new deal would include Sidara providing a $450 million capital injection to Wood.

“Wood announces that, following the publication of the group’s Annual Report and Financial Statements for the year ended 31 December 2024 and the Half Year Results for the six months ended 30 June 2025, the Financial Conduct Authority (FCA) will restore the company’s ordinary shares to listing on the Equity Shares (Commercial Companies) segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange, with effect from 08:00 on 6 November 2025,” said the firm in a stock exchange statement.

“Copies of the company’s Annual Report and Financial Statements and Half Year Results are available on the website of the National Storage Mechanism and on the company’s website here.

“Investor attention is drawn to the independent auditor’s report of the full year accounts, which includes a disclaimer of opinion in relation to the group’s loss for the year, including comparatives, and a qualified opinion, solely in respect of the comparative information, on the group’s balance sheet due to a limitation of scope, and a material uncertainty related to going concern.”