Harland & Wolff Group Holdings PLC Islandmagee Legal Update (8397Q)
October 20 2023 - 7:17AM
UK Regulatory
TIDMHARL
RNS Number : 8397Q
Harland & Wolff Group Holdings PLC
20 October 2023
20 October 2023
Harland & Wolff Group Holdings plc
("Harland & Wolff" or the "Company")
Islandmagee Legal Update
Harland & Wolff Group Holdings plc (AIM: HARL), the UK
quoted company focused on strategic infrastructure projects and
physical asset lifecycle management, announces that it has received
formal notification of an appeal against the judgement issued on 31
August 2023 in the Company's favour following the completion of the
judicial review. With an automatic right to appeal against the
judgement of the judicial review, the applicant has expectedly
filed an appeal. The Company is due to receive a hearing date in
the next few weeks with the hearing likely to be scheduled for
early 2024.
The Company remains of the firm belief that any appeal will hold
no merit given that the judicial review judgement comprehensively
rejected the applicant's claims on all five grounds. In the
meantime, the appeals process will not impede or obstruct ongoing
conversations being held with several counterparties in relation to
the most optimum pathway to monetise the project and the Company
continues to make progress as planned.
Further announcements will be made by the Company 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
Cavendish 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) +44 (0)20 3100
Nicholas How / Edward Mansfield 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCEAFEEAFDDFFA
(END) Dow Jones Newswires
October 20, 2023 07:17 ET (11:17 GMT)
Harland & Wolff (AQSE:HARL.GB)
Historical Stock Chart
From Aug 2024 to Sep 2024
Harland & Wolff (AQSE:HARL.GB)
Historical Stock Chart
From Sep 2023 to Sep 2024