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 7^th 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 20^th 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

 

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