Harland & Wolff Group Holdings PLC Islandmagee Judicial Review Update (9664K)
31 August 2023 - 11:38AM
UK Regulatory
TIDMHARL
RNS Number : 9664K
Harland & Wolff Group Holdings PLC
31 August 2023
This announcement contains inside information.
31 August 2023
Harland & Wolff Group Holdings plc
("Harland & Wolff" or the "Company")
Islandmagee Judicial Review Update
Harland & Wolff Group Holdings plc (AIM: HARL), the UK
quoted company focused on strategic infrastructure projects and
physical asset lifecycle management has been notified that, in
relation to the judicial review of the Company's Islandmagee Gas
Storage Project, the judgement has been made in favour of the
Company. The Company will now assess this judgement in detail and
consider the appropriate next steps factoring in the findings of
the judgement and the interests of Harland & Wolff's
stakeholders.
A further announcement will be made in due course.
For further information, please visit www.harland-wolff.com or contact:
Harland & Wolff Group Holdings plc +44 (0)20 3900
John Wood, Chief Executive Officer 2122
Arun Raman, Chief Finance Officer investor@harland-wolff.com
media@harland-wolff.com
Cenkos Securities plc (Nominated Adviser &
Broker)
Stephen Keys / Callum Davidson / Dan Hodkinson
(Corporate Finance) +44 (0)20 7397
Michael Johnson (Sales) 8900
----------------------------
Liberum Capital Limited (Joint Broker)
Nicholas How / Edward Mansfield / Lucas Bamber +44 (0)20 3100
/ Antonia Brown 2000
----------------------------
Radnor Capital Partners (Investor Relations) +44 (0) 20 3897
Neville Harris / Joshua Cryer 1838
----------------------------
About Harland & Wolff
Harland & Wolff is a multisite fabrication company,
operating in the maritime and offshore industry through five
markets: commercial, cruise and ferry, defence, energy and
renewables and six services: technical services, fabrication and
construction, decommissioning, repair and maintenance, in-service
support and conversion.
Its Belfast yard is one of Europe's largest heavy engineering
facilities, with deep water access, two of Europe's largest
drydocks, ample quayside and vast fabrication halls. As a result of
the acquisition of Harland & Wolff (Appledore) in August 2020,
the company has been able to capitalise on opportunities at both
ends of the ship-repair and shipbuilding markets where there will
be significant demand.
In February 2021, the company acquired the assets of two
Scottish-based yards along the east and west coasts. Now known as
Harland & Wolff (Methil) and Harland & Wolff (Arnish),
these facilities will focus on fabrication work within the
renewables, energy and defence sectors.
In addition to Harland & Wolff, it owns the Islandmagee gas
storage project, which is expected to provide 25% of the UK's
natural gas storage capacity and to benefit the Northern Irish
economy as a whole when completed.
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