17th Feb 2016 15:34
LONDON (Alliance News) - Tanfield Group PLC on Wednesday said it has raised GBP400,000 through the placing of 2.8 million shares at 14.5 pence each.
The investing company said the funds will be used to meet the ongoing running costs of the business.
Chairman Jon Pither subscribed for 48,276 shares, following which he will hold 1.5 million shares, representing 0.9% of Tanfield's issued share capital.
Shares in Tanfield were trading up 8.1% at 15.00 pence on Wednesday afternoon.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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