RCS - Harland & Wolff - Islandmagee Update

Harland & Wolff groupAnnouncement

03/04/2023 07:15

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RNS Number : 0487V  Harland & Wolff Group Holdings PLC  03 April 2023

 

3 April 2023

RNS Reach

Harland & Wolff Group Holdings plc

("Harland & Wolff" or the "Company")

Islandmagee Gas Storage Legal Update

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company
focused on strategic infrastructure projects and physical asset lifecycle
management, notes the recent judgement passed down on 31 March in relation to
an interlocutory application (the "Application") connected to the Islandmagee
Gas Storage Project Judicial Review.

The Judicial Review of the Company's Marine Licence, Abstraction Licence and
Discharge Consent is ongoing and formal hearings are due to commence from 2
May 2023 to 5 May 2023. The Applicant for Judicial Review (No Gas Caverns
Limited and Friends of the Earth Limited) recently made the Application in an
attempt tostrike out certain evidence provided by the Department for
Agriculture, Environment and Rural Affairs (DAERA), as well as to seek
disclosure of certain information held by DAERA.

 

This Application was heard by the Court on 23 March 2023 and the Company
welcomes the Court's dismissal of the Application in its judgment which was
passed down on 31 March 2023.

 

The full hearing of the application for the Judicial Review will be heard on
the scheduled dates. As stated previously, the Company remains optimistic of a
positive outcome upon completion of the Judicial Review.

 

 

 Harland & Wolff Group Holdings plc                    +44 (0)20 3900 2122

 John Wood, Chief Executive Officer                    investor@harland-wolff.com (mailto:investor@harland-wolff.com)

 Seena Shah, Head of Marketing & Communications        media@harland-wolff.com (mailto:media@harland-wolff.com)

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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