Wood Group acquires of PSN

Wood Group, the international energy services company, confirms the completion today of the acquisition of Production Services Network Limited ("PSN").

Bob Keiller has today been appointed as executive director of Wood Group and CEO of the combined Wood Group PSN production services business.

No further disclosures are necessary in respect of Bob Keiller's appointment under paragraph 9.6.13 of the Listing Rules.

In connection with the acquisition, Wood Group has made applications to the UKLA and London Stock Exchange relating to the admission of 10,511,413 ordinary shares (being consideration shares due to certain vendors of PSN) to the Official List of the UKLA and to trading on the London Stock Exchange respectively ("Admission"). Admission is expected to take place on 21 April 2011.
Source: Wood Group