Completion of Snorkel Contribution

RNS Number : 5879Q
Tanfield Group PLC
16 October 2013
 



For immediate release

16 October 2013

 

 

TANFIELD GROUP PLC

("Tanfield" or the "Company")

Completion of Snorkel Contribution

The Board of Tanfield are pleased to announce that, further to the terms of the agreement announced on 20th September 2013, the resolutions of which were approved by shareholders in a General Meeting of 7th October, the Company has been able to conclude the Disposal of the powered access division.

With immediate effect the Company has therefore become an investing company for the purposes of the AIM Rules, whose principal investments are the residual interest in the Powered Access Division described in the announcement of 20th September and the Company's interests in Smith Electric Vehicles Corporation and Tanfield Engineering Systems Ltd.

 

 

For further information:

  

Tanfield Group Plc

Jon Pither - Chairman

 

0845 155 7755

WH Ireland

James Joyce / Nick Field - Corporate Finance

Seb Wykeham / Ruari McGirr - Corporate Broking

 

020 7220 1666

Buchanan

Charles Ryland

Helen Greenwood

 

020 7466 5000

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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