REG - Harland & Wolff - Islandmagee Energy Judicial Review Update

Harland & Wolff groupAnnouncement

13/12/2022 17:45

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RNS Number : 6007J  Harland & Wolff Group Holdings PLC  13 December 2022

This announcement contains inside information

 

13 December 2022

 

Harland & Wolff Group Holdings plc

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

Islandmagee Energy Judicial Review Update

 

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company
focused on strategic infrastructure projects and physical asset lifecycle
management, provides an update on the Islandmagee Gas Storage Project Judicial
Review (JR).

Following a recent review of the case, the parties have agreed to vacate the
hearing dates of 16-20(th) January 2023.

The new hearing is now listed for four days commencing 2 May 2023. Further
updates will be made available in due course.

Harland & Wolff, group CEO John Wood, commented:

"Whilst it is disappointing that this has been delayed, we now have access to
the majority of the submissions made and we remain confident that we will see
a successful outcome to this review when it is undertaken in May.

As the UK continues to struggle to maintain adequate gas supplies in the UK
there has never been a better time for this project to be developed."

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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