REG - Tanfield Group PLC - Investment Update <Origin Href="QuoteRef">TAN.L</Origin>

TanfieldAnnouncement

06/09/2014 14:44

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RNS Number : 0648M
Tanfield Group PLC
11 July 2014 
 
Tanfield Group plc 
 
("Tanfield" or the "Group") 
 
Investment Update 
 
The Tanfield Group plc Board is pleased to announce that Smith Electric
Vehicles US ('Smith'), one of Tanfield's investments has acquired for
consideration of $340,000 a shareholding of 85.3% in American Business
Services Inc.  This is a company listed on the OTCBB in the USA. This is the
first step in the process of Smith becoming a publicly listed company on the
OTCBB as set out in the announcement of 20 May 2014. 
 
For further information: 
 
Tanfield Group Plc 
 
Roy Stanley - Non-executive Director      0845 155 7755 
 
WH Ireland Limited 
 
James Joyce / Nick Field                             0207 220 1666 
 
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The company news service from the London Stock Exchange