Harland & Wolff Group Holdings PLC Further Update on Harland & Wolff (Methil) Limited (3460P)

TIDMHARL

RNS Number : 3460P

Harland & Wolff Group Holdings PLC

17 June 2022

17 June 2022

Harland & Wolff Group Holdings plc

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

Further Update on Harland & Wolff (Methil) Limited

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 labour relations at Harland & Wolff (Methil) Limited (Methil).

Further to the Company's update announced this morning, the Company is pleased to confirm that the strike action has been called off at Harland & Wolff (Methil) Limited. The Company has had extensive conversations with the trade union representatives and an agreement has been reached to provide in-principle trade union recognition by the end of next week followed by formal trade union recognition once the necessary legal and administrative processes have been completed.

Fabrication on the Saipem project continues as planned.

For further information, please visit www.harland-wolff.com or contact:

 
 Harland & Wolff Group Holdings plc                 [phone] 
  John Wood, Chief Executive Officer                 [e-mail] 
  Seena Shah, Head of Marketing & Communications     [e-mail] 
 Cenkos Securities plc (Nominated Adviser 
  & Broker) 
  Stephen Keys / Callum Davidson / Dan Hodkinson 
  (Corporate Finance) 
  Michael Johnson (Sales)                           [phone] 
                                                   ---------------------------- 
 

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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June 17, 2022 10:41 ET (14:41 GMT)