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IN BRIEF: Infrastrata proposes name change to Harland & Wolff Group

Tue, 14th Sep 2021 20:44

InfraStrata PLC - London-based strategic infrastructure projects company - Says it has applied to Companies House to change its name to Harland & Wolff Group Holdings PLC, following its purchase of Harland & Wolff in 2019. Says it is now at its final stage of full reactivation of all its yards, which involves building a multi-year backlog for its facilities across its five key markets: defense, cruise, and ferry, commercial, renewables, and energy. Explains the name change will "better reflect its ambition in expanding its core business and the significant development of its shipbuilding and fabrication activities,"

Chief Executive Officer John Wood says: "We are delighted to make this announcement today, signalling the end of upgrade and reactivation phases. With the new national shipbuilding strategy due to be released in the autumn and the government's 10-point plan for a Green Industrial Revolution, we have confidence that the shipbuilding and fabrication business will deliver substantial value to all our stakeholders as we enter this exciting new stage of building our multiyear backlog of projects."

Current stock price: 21.26 pence, up 9.6% on Tuesday

Year-to-date change: down 57%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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