Business
Response to statement by Libe
Response to statement by Libe.
About this update from Tanfield Group Plc
[{"type":"text","content":"\n RNS Number : 5560U Tanfield Group PLC 18 October 2010 \n \n\n18 October 2010\n \nThe Tanfield Group plc (Tanfield\")\nResponse to statement by Liberty Electric Cars Limited (\"Liberty\")\n \nThe Board of Tanfield notes today's announcement from Liberty clarifying that it does not intend to make an offer for Tanfield.\n \nThe Board of Tanfield carefully considers with its financial adviser all proposals offering the prospect of value for Tanfield shareholders. After considering Liberty's indicative proposal the Board of Tanfield saw no merit in pursuing it.\n \nThe Board is pleased with the progress of its existing business strategy and continues to progress its existing negotiations with Smith Electric Vehicles (US) over the possible consolidation of its electric vehicle businesses.\n \n \nPress enquiries:\n \nThe Tanfield Group Plc 0845 155 7755\nDarren Kell, CEO\n \nArbuthnot Securities Limited (Nomad & Broker) 020 7012 2000\nJames Steel\n \nArbuthnot Securities Limited, which is authorised in the United Kingdom under the Financial Services and Markets Act 2000 (as amended) and regulated by the Financial Services Authority, is acting exclusively for Tanfield and no one else in connection with the matters referred to in this announcement and will not regard any other person as its client or be responsible to any other person for providing the protections afforded to its clients nor for providing advice in relation to the matters referred to in this announcement.\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END R...