FAQs

We've assembled an Investor Briefing Presentation and list of frequently asked questions for your convenience. There's a good chance the answers you're looking for may be found here.
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Investor Briefing Presentation

View our investor briefing presentation for some key information.

How do I buy/sell shares in Wood Group?

You will need to use a stockbroker, bank, or other share dealing service provider. The Company's Registrar, Equiniti Limited, has in place a share dealing service in Wood Group shares. Visit www.shareview.co.uk for more details.

Under what ticker symbol do the Wood Group shares trade?

Wood Group shares trade as WG.L.

Who are Wood Group's registrars and how do I contact them?

Equiniti are our registrars. They can be contacted using the Shareholder Helpline telephone: 0371 384 2649. Lines are open 8.30am to 5.30pm (UK time), Monday to Friday, excluding English public holidays. If calling from outside the UK, please contact the Equiniti overseas helpline number on +44 121 415 7047.

Or write to:

Equiniti Limited, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA

Click here for more details.

My personal details have changed, who do I need to inform?

Please contact Equiniti Limited on 0371 384 2649.

How do I transfer shares into another person's name?

Please contact Equiniti Limited on 0371 384 2649.

How can I find out how many shares I currently hold?

Please contact Equiniti Limited on 0371 384 2649. You can also check your shareholding online by registering at www.shareview.co.uk.

What do I do if I have lost my share certificate?

Please contact Equiniti Limited on 0371 384 2649.

When is your financial year end?

Our financial year end is 31 December.

When is your next results announcement?

For up to date information please refer to the financial calendar.

When is the Annual General Meeting?

For up to date information please refer to the financial calendar.

How can I get a copy of the Annual and Interim reports?

You can download the annual and interim reports statements from the financial reports section on this site. To order a copy by post please click here.

What is the best way to keep up to date with the latest Wood Group information?

Our latest news is available at Financial & Regulatory News.
To receive our latest news by email click here.

What is your dividend policy?

We look to maintain a policy of long term dividend growth, which takes into account the Group’s capital requirements and cash flows, including M&A plans and earnings.

How has the dividend grown since IPO in 2002?

We have delivered a compound annual growth in dividend per share of 19% between 2002 and 2012. In addition, we have delivered uninterrupted dividend growth for each of the last ten years.

Do you consider cover or yield in determining the dividend?

We do not base our policy on any cover or yield parameters. Our dividend cover has ranged from 3.6-5.8x over the last 11 years.

What are your preferred uses for the cash that the business generates?

Our preferred use of cash flows generated by the business is to invest to drive future growth. It would not be our intention to sit with sustainable net cash on our balance sheet for any length of time. We have demonstrated our commitment to return cash to shareholders - following the disposal of the Well Support division in 2011 we returned $1.8bn through a tender offer and B/C share issue.

What’s your policy on funding dividend growth?

Generally, we look to fund increases from free cash flow and not solely from debt.

When are the dividends paid?

We intend that there will be an interim and final dividend for each year ending 31 December, with the interim dividend typically paid in October of the financial year and the final dividend typically paid in the May following the end of the financial year.

What is the likely split between the interim and final dividend?

The split will ordinarily be approximately 1/3rd interim and 2/3rd in the final.

What currency are the dividends paid in?

We publish our accounts in and declare our dividends in U.S. dollars. As a result of the shareholders being mainly UK based, dividends will default to being paid in sterling. Sterling dividends will be converted at the closing mid-point spot rate on the dividend record date as published in the Financial Times on the following day. Shareholders can request to receive U.S. dollar dividends from the Company’s registrars. The registrars (Equiniti Limited) can be contacted on 0371 384 2649

How will I receive my dividend?

Dividends can either be paid by cheque sent to your registered address or paid directly into your bank or building society account.

Can I have my dividends paid directly into my bank account?

Yes, you can do this by setting up a dividend mandate or payment instruction. Please contact Equiniti Limited on 0871 384 2649.

What if I don't receive my dividend?

Please contact Equiniti Limited on 0371 384 2649.

How do I elect to receive dividends in US dollars?

Please contact Equiniti Limited on 0371 384 2649. Generally, the date for currency election will be the same as the dividend record date. Partial elections to receive part of your dividend in US dollars and part in sterling are not permitted, it is only possible to receive the entire dividend payment in sterling or elect to receive the entire dividend payment in US dollars.

Can I transfer my shares into an ISA?

Yes. You should contact an Independent Financial Adviser for further information.

Do you offer an ISA?

No, at the moment we don't offer this service.

Will direct mail organisations get my details from the share register and send me unsolicited mail?

As the Company's share register is, by law, open to public inspection, shareholders may receive unsolicited mail from organisations that use it as a mailing list. To limit the amount of unsolicited mail you receive write to the Mailing Preference Society, FREEPOST 22, London W1E 7EZ.