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Pin to quick picksHarland & Wolff Regulatory News (HARL)

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Islandmagee Update

3 Apr 2023 07:00

RNS Number : 0487V
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 tostrike 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

John Wood, Chief Executive Officer

Seena Shah, Head of Marketing & Communications

 

+44 (0)20 3900 2122

investor@harland-wolff.com 

media@harland-wolff.com

 

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 communication is a "Reach" announcement. Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained in this announcement is of a non-regulatory nature. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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.Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.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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