Ward Hadaway advises on £2.1m share placing
26th March, 2013
LAW firm Ward Hadaway has advised aerial work platform maker Tanfield Group plc on a £2.1m conditional placing on the AIM market of London Stock Exchange.
The new funds raised from the move will be used for working capital for the Washington-based company.
Ward Hadaway Corporate Partner Richard Butts led the UK Top 100 law firm’s team advising on the fundraising.
Richard said: “We are delighted to have assisted Tanfield Group plc, a long-standing client of Ward Hadaway, on this successful fundraising exercise.
“This kind of transaction demonstrates why listed companies, particularly those listed on the AIM market, have an advantage when it comes to being able to raise additional capital to fund their businesses.”
The placing is the latest in a series of transactions on which Ward Hadaway has advised Tanfield Group plc, including a number of previous share placings on AIM.
Richard Butts said: “Ward Hadaway has built its market position on building and maintaining long-standing relationships with our clients and so it is very pleasing for the firm to have been able to advise Tanfield during the course of the company’s development over the years.”
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