Harland & Wolff Group Holdings PLC Annual Results Update (7727D)

TIDMHARL

RNS Number : 7727D

Harland & Wolff Group Holdings PLC

23 June 2023

Harland & Wolff Group Holdings plc

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

Annual Results Update

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, announces that the Company intends on issuing its annual report for the financial year ended 31 December by the end of June 2023.

Whilst the Company is currently completing its group audit, unaudited revenues for the FY 2022 were GBP27.96 million and a loss for the year at GBP70.35 million. Further details on the audited group financial statements will be made available in the annual report.

The Company has made significant progress on its group refinancing and it now envisages the transaction to close in early autumn of the current financial year. The Company has taken this opportunity to bring down the cost of capital substantially (into single digits) through this proposed transaction. Further details will be provided in due course.

Finally, the Company remains on track to meet its FY 2023 revenue guidance.

   For further information, please visit    www.harland-wolff.com    or contact: 
 
 Harland & Wolff Group Holdings plc                 +44 (0)20 3900 
  John Wood, Chief Executive Officer                 2122 
  Seena Shah, Head of Marketing & Communications     investor@harland-wolff.com 
                                                     media@harland-wolff.com 
 Cenkos Securities plc (Nominated Adviser 
  & Broker) 
  Stephen Keys / Callum Davidson / Dan Hodkinson 
  (Corporate Finance)                               +44 (0)20 7397 
  Michael Johnson (Sales)                            8900 
                                                   ---------------------------- 
 Liberum Capital Limited (Joint Broker) 
  Nicholas How / Edward Mansfield / Lucas           +44 (0)20 3100 
  Bamber / Antonia Brown                             2000 
                                                   ----------------------------

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June 23, 2023 09:00 ET (13:00 GMT)

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