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Harland & Wolff Group Holdings PLC - London-based fabrication company, which serves the maritime and offshore industries from yards in England, Northern Ireland and Scotland - Notified of an appeal against a judgement made in late August in the company's favour following the completion of the judicial review of its Islandmagee gas storage project. Islandmagee is a salt cavern gas storage facility in Antrim, Northern Ireland. The company obtained a marine licence for the project from Northern Ireland's Department of Agriculture, Environment & Rural Affairs in November 2021. Says it is due to receive a hearing date in the next few weeks with the hearing likely to be scheduled for early 2024.
Says: "The company remains of the firm belief that any appeal will hold no merit given that the judicial review judgement comprehensively rejected the applicant's claims on all five grounds. In the meantime, the appeals process will not impede or obstruct ongoing conversations being held with several counterparties in relation to the most optimum pathway to monetise the project and the company continues to make progress as planned."
Says further announcements will be made by the company in due course.
Current stock price: 12.00 pence, up 6.4%
12-month change: up 83%
By Greg Rosenvinge, Alliance News reporter
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