Business
Final Results for the YE 31 Dec 20 & Notice of AGM
Final Results for the YE 31 Dec 20 & Notice of AGM.
About this update from Tanfield Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7118B\n Tanfield Group PLC\n 14 June 2021\n \n \n \n \n The Tanfield Group Plc\n \n \n \n \n \n (\"Tanfield\" or \"the Company\")\n \n \n \n \n \n Final Results and Annual Accounts for the year ended 31 December 2020 and Notice of AGM\n \n \n \n \n \n \n \n \n Tanfield Group Plc, a passive investing company as defined by AIM Rules, announces its final results and annual accounts for the year ended 31 December 2020. Posting of the Annual Report & Accounts to shareholders will take place today and will be made available on the Company website at \n \n www.tanfieldgroup.com\n \n shortly.\n \n \n \n \n \n Tanfield announces that, in light of the ongoing Covid-19 circumstances, the Company's Annual General Meeting (\"AGM\") will be held on 7 July 2021 and will be convened with the minimum quorum of two shareholders facilitated by Tanfield Group Plc. Unfortunately shareholders will not be able to attend the AGM in person but are encouraged to submit their votes by proxy in accordance with the instructions set out in the 2021 AGM Notice and to appoint the 'Chair of the meeting' as their proxy to vote on their behalf. Posting of the Notice of Annual General Meeting to shareholders, including information on the resolutions, will take place today and will be made available on the Company website at \n \n www.tanfieldgroup.com\n \n shortly.\n \n \n \n \n \n \n \n \n For further information:\n \n \n \n \n \n Tanfield Group Plc\n \n \n Daryn Robinson 020 7220 1666\n \n \n \n \n \n WH Ireland Limited - Nominated Advisor / Broker\n \n \n James Joyce / Lydia Zychowska 020 7220 1666\n \n \n \n \n \n \n \n \n \n \n \n STRATEGIC REPORT\n \n \n \n \n \n CHAIRMAN'S STATEMENT\n \n \n \n \n \n The Company's main investment, \n Snorkel International Holdings LLC (\"Snorkel International\")\n , was, like many businesses, impacted by the Covid-19 pandemic resulting in the first annual reduction in sales for several years. The Board continues to closely monitor performance and is hopeful that 2021 will see increased sales levels, although it is not expected that 2021 will see a return to the pre Covid-19 sales levels. Following Tanfield's 51% joint venture partner \n X...