Tanfield Group's Bid to Raise Pounds 20m Backed

Summary


Shares in electric vehicle maker Tanfield Group perked briefly yesterday after investors backed a bid to raise pounds 20m.

Shareholders in the Washington-based company approved the placing of 50 million shares on the Alternative Investment Market, taking its market capitalisation to more than pounds 120m. Shares rose to a record high of 45p before sinking back 4.5% to around 42.5p.

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Extract


Tanfield Group's Bid to Raise Pounds 20m Backed

The company, which makes zero emission ve...

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