This announcement contains inside
information
17 June 2024
Harland & Wolff Group
Holdings plc
("Harland & Wolff"
or the "Company")
Islandmagee Energy
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
judgement that was delivered in the Appeals Court of Northern
Ireland earlier this afternoon.
After a successful outcome of the
Judicial Review with the Department of Agriculture, Environment and
Rural Affairs ("DAERA") prevailing on all counts, the decision was
then appealed on two specific counts. The judgement delivered
today is that DAERA have been unsuccessful on both
counts.
The Company understands that matters
including environmental studies, impacts in which the Company has
been directly involved, has faced up successfully to legal
challenge.
The Company awaits the written
transcript of the judgement to fully consider the implications for
the Islandmagee Gas Storage Project and will issue a further
announcement in due course after it has analysed the
judgement.
John Wood, Group Chief Executive
Officer, Harland & Wolff comments: "Whilst today's judgment is
disappointing, it is, unfortunately, not uncommon in the legal
system. After reviewing the judgement in full, we will consider
next steps in relation to our options, including but not limited
to, an appeal at the Supreme Court, should the need
arise."
For
further information, please
visit www.harland-wolff.com or
contact:
|
Harland & Wolff Group Holdings plc
John Wood, Chief Executive
Officer
Arun Raman, Chief Finance
Officer
|
+44 (0)20 3900 2122
investor@harland-wolff.com
media@harland-wolff.com
|
|
h2Radnor (Investor Relations)
Neville Harris
|
+44 (0) 20 3897 1838
|
|
Cavendish Capital Markets Limited (Nominated Adviser &
Broker)
Stephen Keys / Callum
Davidson / Dan Hodkinson (Corporate
Finance)
Michael
Johnson (Sales)
|
+44 (0)20 7397 8900
|
|
Liberum Capital Limited (Joint Broker)
Nicholas How / Edward
Mansfield
|
+44 (0)20 3100 2000
|
|
|
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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.