REG - Harland & Wolff - Update re. Islandmagee Judicial Review

Harland & Wolff groupAnnouncement

07/11/2022 07:00

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RNS Number : 4513F  Harland & Wolff Group Holdings PLC  07 November 2022

7 November 2022

 

Harland & Wolff Group Holdings plc

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

Update on the Judicial Review for the Islandmagee Gas Storage Project

 

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 Judicial Review (JR) in connection with
the marine licence for the Islandmagee gas storage project.

The Company has been informed by the court that some of the affidavits were
submitted late by the applicant (No Gas Caverns Limited) and the respondent
(Department of Agriculture, Environment and Rural Affairs) had lengthy
affidavits of its own to submit in its defence. Given the complexity and
voluminous documentation to be submitted to the courts, a request was made to
the court to delay the hearing so that all affidavits could be submitted in
good order. The court has, therefore, granted an extension and the hearing
will now be held on 16 January 2023.

The Company will make further announcements on the JR and other commercial
matters in due course.

John Wood Chief Executive Officer commented "An extension to the hearing date
is disappointing as we are keen to get this matter resolved and move the
project to its next stage of development especially since we are in a national
energy crisis.  A fast cycle storage project like Islandmagee is exactly what
the country needs at this time. Regardless of the extension to the hearing
date, we remain confident of a positive outcome in January 2023."

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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