Tanfield raises funds so it can meet increased demand

Aerial work platforms maker Tanfield has raised funds through a placing to remove bottlenecks in its supply chain and to speed its expected return to profitability.

Aerial work platforms maker Tanfield has raised funds through a placing to remove bottlenecks in its supply chain and to speed its expected return to profitability.

The company has conditionally raised £12m through the issue of 29.3m shares at 41p each, 4.875p below the mid-market closing price on the day before the fund raising was announced.

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