REG - Harland & Wolff - Exercise of Warrants & Issue of Equity

Harland & Wolff groupAnnouncement

29/11/2022 17:15

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RNS Number : 9851H  Harland & Wolff Group Holdings PLC  29 November 2022

29 November 2022

 

 

 

Harland & Wolff Group Holdings plc

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

Exercise of Warrants & Issue of Equity

 

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company
focused on strategic infrastructure projects and physical asset lifecycle
management, announces the issue of equity pursuant to an exercise of warrants.

 

The Company has received a notice from YA II PN Ltd. (on behalf of Riverfort
Global Opportunities) to exercise outstanding warrants over a total of 877,193
new ordinary shares of 1 penny each in the Company ("Ordinary Shares") at an
exercise price of 14.25p per share.

Accordingly, application will be made for 877,193 new Ordinary Shares to be
admitted to trading on AIM which is expected to occur on or around 8.00am on
02 December 2022 ("Admission"). These shares, when issued, will rank pari
passu in all respects with the existing Ordinary Shares.

Following Admission, the Company's enlarged issued share capital will
comprise 173,047,211 Ordinary Shares of 1 penny each. The Company does not
hold any shares in treasury. Accordingly, this number (173,047,211) will
represent the total voting rights in the Company and may be used by
shareholders as the denominator for the calculation by which they can
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the Financial Conduct Authority's
Disclosure and Transparency Rules.

 

For further information, please visit  www.harland-wolff.com
(http://www.harland-wolff.com/)   or contact:

 

 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)

 Cenkos Securities plc (Nominated Adviser & Broker)                        +44 (0)20 7397 8900

 Stephen Keys / Callum Davidson / Dan Hodkinson (Corporate Finance)

 Michael Johnson (Sales)

 

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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