Key Developments: Tanfield Group PLC (TAN.L)

TAN.L on London Stock Exchange

17.25GBp
11:35am EDT
Price Change (% chg)

0.25p (+1.47%)
Prev Close
17.00p
Open
17.75p
Day's High
17.75p
Day's Low
17.25p
Volume
281,253
Avg. Vol
205,758
52-wk High
26.50p
52-wk Low
13.10p

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Latest Key Developments (Source: Significant Developments)

Tanfield Group PLC Does Not Declare Dividend
Monday, 30 Sep 2013 02:00am EDT 

Tanfield Group PLC announced that its Board has not declared a dividend for the period.  Full Article

Tanfield Group PLC Announces Disposal of Powered Access Division
Friday, 20 Sep 2013 02:00am EDT 

Tanfield Group PLC announced that it has reached agreement on the terms of a conditional contribution agreement (the Contribution Agreement) to dispose of the Snorkel Division by contributing the Snorkel Division to a new company, Snorkel International Holdings in which the Company will retain a minority interest, with SKL Holdings, LLC (SKL Holdings) owning a majority interest.(the Transaction). Xtreme Manufacturing, LLC ("Xtreme"), by way of its holding in SKL Holdings, proposes a staged acquisition of the Snorkel Division, via the creation of Snorkel International Holdings, which is a Nevada, USA, limited liability company, in which Tanfield will retain a holding until the consideration terms are fully met. Xtreme has committed to making significant working capital facilities available to Snorkel International Holdings to deliver its growth forecast (such growth forecast is estimated by Xtreme to require between USD35million and USD50million of working capital) and to deliver certain other strategic benefits and synergies to Snorkel International Holdings. Tanfield will retain an initial interest in 49% of Snorkel International Holdings and a preferred interest position of USD50 million (which may be subject to adjustment, as described in the Circular), in exchange for Xtreme's controlling interest in Snorkel International Holdings.  Full Article

Tanfield Group PLC Announces Placing
Wednesday, 20 Mar 2013 03:00am EDT 

Tanfield Group PLC announced that it has conditionally raised gross proceeds of GBP2.1 million. These funds were raised by way of a placing of 10,500,000 new Ordinary Shares of five pence (Shares) with institutional investors at a price of 20 pence per Share. The net proceeds of the Placing will be used for general working capital purposes.  Full Article

Tanfield Group plc Does Not Recommend Dividend
Friday, 28 Sep 2012 02:02am EDT 

Tanfield Group plc announced that the Board has not declared a dividend for the period.  Full Article

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