Tanfield Group PLC
31 August 2004
Embargoed: 07.00 hrs 31 August 2004
Tanfield Group PLC
Successful placing and progress of acquisition
The Directors of the Tanfield Group plc ('Tanfield' or 'the Company') today
announces that it has conditionally placing of 40,050,000 new Ordinary Shares at
a placing price of 10p per share. The Placing is conditional on the shares being
admitted to trading on AIM. The shares are expected to be admitted to trading on
6 September 2004.
The Company is expecting to complete the due diligence on the intended first
acquisition target in the near future.
Further announcements will be made by the Company regarding the progress of the
acquisition in due course.
Enquiries:
Roy Stanley
Tanfield Group Plc Tel. 01207 521111
Alastair Cade or Ruari McGirr
Daniel Stewart & Co Plc Tel. 020 7374 6789
This information is provided by RNS
The company news service from the London Stock Exchange
ND
IOEMGGZRNNKGDZM