Harland & Wolff Group Holdings PLC Islandmagee Update

TIDMHARL

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 to strike 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                [phone] 
  John Wood, Chief Executive Officer                2122 
  Seena Shah, Head of Marketing & Communications    [e-mail] 
                                                    [e-mail] 
 
 

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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April 03, 2023 02:00 ET (06:00 GMT)