LONDON (Thomson Financial) - Tanfield Group Plc. said chief executive Darren
Kell has bought an initial 1 million shares in the company at 5.85 pence each.
Kell now holds 0.3 percent of the company's issued share capital, it said.
On July 1, Tanfield was the small caps greatest faller after warning on its
full-year profits and outlook. The company confirmed it will fall short of
expectations for the full-year and expects growth at a "significantly lower
level than previously forecasted" for 2008.
Following the profit warning, chairman Roy Stanley bought 4.42 million
shares, on July 8, at 5.6 pence each and another 3.70 million shares at 6.69
pence each, raising his stake to 27.77 million shares or 7.5 percent.
Separately, and also on July 8, Tanfield said Goldman Sachs Inc. holds about
29 million shares or 7.83 percent stake in the company. In another release, the
company said Deutsche Bank AG holds 24.71 million shares or 6.67 percent of its
voting interests.
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