Harland & Wolff Suspends Share Trading on London Stock Exchange after Audited Accounts Delay

1st July 2024

Shipyard Harland & Wolff has suspended trading on the London Stock Exchange (LSE) after a delay in publishing its audited accounts. Above Afloat adds that the Belfast yard was last month visited by the Tall Ships Youth Trust, Shimna Integrated College, and Radius Housing and provides an insight into maritime career opportunities for young locals. Credit: HarlandWolffplc-facebook

Shipbuilder Harland and Wolff, which has sites on both sides of the Irish Sea, suspended trading on the London Stock Exchange (LSE) this morning.

The development comes after a delay in publishing its audited accounts.

In a statement released on the company’s website, the Belfast, Queen’s Island-based firm said: “At the request of the company, trading on AIM for the under-mentioned securities has been temporarily suspended from 01/07/2024 (7:30 a.m.), pending publication of the company's annual audited accounts.”

The Harland & Wolff Group, aside from its iconic Belfast shipyard, which has two yards in Scotland and one in England, is listed on the Alternative Investment Market (AIM). The group said it had been in “ongoing discussions” with its auditors about the method of accounting for revenues in some of its contracts.

As a result, Harland & Wolff has delayed the publication of its 2023 annual report until July 8; however, according to the Belfast Telegraph, which has more on the story, the suspension is due to be lifted when the report is eventually published.

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Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

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