9 Aug 2013 11:50
9 August 2013
TANFIELD GROUP PLC
("Tanfield" or the "Company")
M&A Progress and Exclusivity
Tanfield Group PLC, a leading manufacturer of Aerial Work Platforms, is providing the following update on the M&A progress announced on 24th July 2013.
The Board is pleased to report that sufficient progress has been made on the structure and broad terms of an acceptable proposal for the sale of its powered access division, to grant the preferred potential purchaser a short period of exclusivity in which to complete its due diligence with a view to mutually form a contract that will be executable subject only to shareholder approval.
Further updates will be issued in due course.
Further information:
Tanfield Group Plc Darren Kell / Charles Brooks
| 0845 155 7755 |
WH Ireland Ltd. James Joyce / Nick Field - Corporate Finance Seb Wykeham / Ruari McGirr - Corporate Broking
| 020 7220 1666 |
Buchanan Charles Ryland/ Helen Greenwood www.buchanan.uk.com
| 020 7466 5000 |
Tanfield (TAN)