07.10.2013

Shareholders agree Snorkel sale

Tanfield shareholders have voted in favour of the transaction that gives over half the company to Nevada based Xtreme Manufacturing – owned by Don Ahern of Ahern Rentals. Click here to see original news report

The company has said that discussions on the fine detail are progressing and that it hopes to announce a completion date shortly.

The full announcement was as follows:

“The company is pleased to announce that the resolutions set out in the notice of General Meeting dated 20th September 2013, in relation to the disposal of the Powered Access division and approval of the company's investing policy were duly passed at the General Meeting of the Company held earlier today.”

“The remaining conditions precedent to the sale are progressing well and the company will move to a closing of the transaction as soon as is practicable. The company will provide a further announcement in due course.”