The suspension took effect because the FTSE 250 firm failed to publish its full-year accounts for 2024 by the required 30 April deadline.

Wood had flagged in late March that a delay was probable, citing the timing of an independent review’s conclusion and the extensive audit work required. The company intends to request the restoration of its listing and trading upon publication of the accounts.

Temporary waivers for its debt facilities have been extended until 30 June, now also covering the missed accounts deadline. Wood previously indicated it expects to make “material” adjustments to financial statements for the past three years.

The suspension follows a sharp decline in Wood’s share price, which has dropped nearly 90% over the last year. The company remains in takeover talks with UAE-based engineering network Sidara, which made a renewed offer in mid-April for 35p per share.