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Pin to quick picksHarland & Wolff Regulatory News (HARL)

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Islandmagee Legal Update

20 Oct 2023 12:17

RNS Number : 8397Q
Harland & Wolff Group Holdings PLC
20 October 2023
 

20 October 2023

 

 

 

Harland & Wolff Group Holdings plc

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

 

Islandmagee Legal Update

 

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, announces that it has received formal notification of an appeal against the judgement issued on 31 August 2023 in the Company's favour following the completion of the judicial review. With an automatic right to appeal against the judgement of the judicial review, the applicant has expectedly filed an appeal. The Company is due to receive a hearing date in the next few weeks with the hearing likely to be scheduled for early 2024.

 

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.

 

Further announcements will be made by the Company in due course.

 

 

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

Cavendish Securities plc (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

Radnor Capital Partners (Investor Relations)

Neville Harris / Joshua Cryer

+44 (0) 20 3897 1838

 

 

 

 

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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MSCEAFEEAFDDFFA
Date   Source Headline
28th Oct 20247:00 amRNSCancellation - Harland & Wolff Group Holdings PLC
27th Sep 20243:03 pmRNSAppointment of Administrators
16th Sep 202411:00 amRNSBusiness Update
11th Sep 202412:39 pmRNSDirectorate Change
13th Aug 20243:41 pmRNSDirectorate Changes
12th Aug 202412:57 pmRNSBoard appointments & other updates
6th Aug 20248:45 amRNSFalkland Islands Port Replacement Project Update
1st Aug 20247:00 amRNSNew Facility, Board Change & Scilly Ferries Update
19th Jul 20241:07 pmRNSUKEF EDG Facility Update and Board Changes
17th Jul 202410:30 amRNSManagement Response to Financial Times Article
15th Jul 20247:00 amRNSAccounts Update
1st Jul 20247:30 amRNSSuspension - Harland & Wolff Group Holdings plc
1st Jul 20247:00 amRNSUnaudited Preliminary Results
1st Jul 20247:00 amRNSAccounts Update & Suspension
17th Jun 20244:01 pmRNSIslandmagee Energy Update
7th Jun 20243:00 pmRNSIslandmagee Judicial Update
3rd Jun 20248:53 amRNSHolding(s) in Company
15th May 20241:18 pmRNSTimes Article & Recent Speculation
6th Mar 20247:00 amRNSNew Contract Win - Arnish
5th Mar 20247:00 amRNSPreferred Bidder Award
25th Jan 202411:15 amRNSChange of Nominated Adviser and Broker
29th Dec 20237:00 amRNSUpdate re. New Credit Facility
21st Dec 20239:50 amRNSUpdate re. Possible Offer
30th Nov 20234:00 pmRNSTrading Statement
30th Nov 20238:45 amRNSForm 8.5 (EPT/NON-RI)
28th Nov 20238:47 amRNSForm 8.5 (EPT/NON-RI)
27th Nov 20238:16 amRNSForm 8.5 (EPT/NON-RI)
24th Nov 20231:13 pmRNSMello Conference
24th Nov 20237:00 amRNSStatement re Possible Offer
15th Nov 20231:30 pmRNSFurther re: Islandmagee Legal Update
8th Nov 20239:19 amRNSMoU - New Aluminium Vessel Build
7th Nov 20237:00 amRNSFirst Contract Win by Harland & Wolff (USA)
6th Nov 20237:00 amRNSContract Award
20th Oct 202312:17 pmRNSIslandmagee Legal Update
20th Oct 20237:00 amRNSContract Win - SeaRose Upgrade
9th Oct 20237:00 amRNSMaritime Operations Commencement & Isles of Scilly
15th Sep 20234:38 pmRNSPartnership with Echandia
8th Sep 20237:01 amRNSInvestor Meet Company Presentation
8th Sep 20237:00 amRNSHalf-year Report
31st Aug 202310:38 amRNSIslandmagee Judicial Review Update
30th Aug 20237:00 amRNSProposed Ferry Build & Operate Programme
21st Aug 20237:00 amRNSIslandmagee Judicial Review Update
3rd Aug 20237:00 amRNSNew Aberdeen Subsidiary
1st Aug 20237:00 amRNSContract Win - Heavy Lift Vessel
31st Jul 20237:00 amRNSLetter of Intent – Major Vessel Refurbishment
28th Jul 20231:37 pmRNSAGM Voting Results
26th Jul 20238:53 amRNSResult of AGM
19th Jul 20237:00 amRNSVirtual Investor Event
30th Jun 20235:56 pmRNSAnnual Financial Report
23rd Jun 20232:00 pmRNSAnnual Results Update

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