31st May 2019 11:58
LONDON (Alliance News) - Tanfield Group PLC on Friday said it has raised GBP225,000 through a share placing to meet the ongoing running costs of the company.
The electric vehicle manufacturing company issued 4.5 million shares at a price of 5 pence each. The placing price represents 4% discount to the closing market share price of 5.22p on Tuesday.
Tanfield shares were untraded on Friday, last closing at 5.26p each, with a market capitalisation of GBP8.9 million.
Following the admission, the company said it will have 162.9 million shares overall.
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