rns18 Oct 2010 14:15
Monday 18 October, 2010
Tanfield Group PLC
Response to statement by Libe
RNS Number : 5560U
Tanfield Group PLC
18 October 2010

18 October 2010
The Tanfield Group plc (Tanfield")
Response to statement by Liberty Electric Cars Limited ("Liberty")
The Board of Tanfield notes today's announcement from Liberty clarifying that it does not intend to make an offer for Tanfield.
The 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.
The 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.
Press enquiries:
The Tanfield Group Plc 0845 155 7755