Blackthumbnail

Issue of Equity and Total Voting Rights

Redhall Group plc has announced that it has raised £7.5 million through an institutional share placing, subject to approval by Shareholders. The approval was given at Redhall’s General Meeting and the Placing Shares were admitted to trading on 28th March 2014.

Redhall’s Chief Executive, Richard Shuttleworth, said:

“We are delighted by the success of this fundraising for Redhall and for the support of our investors and Shareholders. With the benefit of this funding Redhall is now in a strengthened position to deliver future growth.  We are seeing a number of opportunities in our niche target markets of manufacturing and specialised contracting and are looking forward to developing the business and to deliver on our strategy.”

View the regulatory announcement here.

Blackthumbnail

The Golden Safety Rules – Rule Four: LIFTING OPERATIONS

Richard Shuttleworth, CEO, Redhall Group; “We place great importance on both our SHEQ performance and our drive to continually improve as we move towards our stated objective of zero harm to the communities in which we do business. As part of its commitment a set of ten Golden Safety Rules have been developed to reflect the requirements for all of the individuals that work in the Group to remain safe, particularly in the high risk environments they operate in.

The fourth golden rule is LIFTING OPERATIONS: You must only engage if you are competent, are aware of the safe method, and use in date equipment

  • Lifts must be conducted in accordance with a plan developed and approved by a competent person
  • All equipment must be regularly examined and marked to indicate it is suitable for use
  • All lifting equipment must be visually checked prior to use and quarantined if a defect is identified
  • Rigging and signalling must be performed by competent persons
  • Operators of powered lifting equipment must be instructed and competent

A booklet which contains the full text of the rules has been issued to every member of staff, along with a summary card for the person to keep on them at all times whilst they are at work.”

Blackthumbnail

USA Coast to Coast

Together with his wife Janice and three friends, Dave Noble, who is Commercial Manager at Redhall Engineering, spent 35 days cycling 3,250 miles across North America in an attempt to raise thousands of pounds for two charities.

Here he tells his story:

“With my father-in-law, Tom, following behind us in an RV, our group of five set off this July from Seattle, to cycle to New York City. Our journey took us across one Canadian and 11 American States, riding around 100 miles most days.

We weaved in some short mileage days, so we could visit a few of the sights such as Mount Rushmore, Badlands and Old Faithful etc. A highlight of our trip, and the most exhilarating, was something we feared would be too ‘touristy’, and that was a trip on ‘The Maid of The Mist’ to gaze up at the irresistible force of Niagara Falls.

Overall, we were lucky with the weather, with the first fortnight of continual 40+ degrees heat proving to be the worst to bear! We were very glad to have started in the West as this meant we crossed the Rockies and High Plains of Montana and Wyoming first.

The persistent flat of South Dakota and Iowa is a different challenge, but undeniably easier to find a rhythm. We never really got used to the scale of America; being able to see the next 15 miles of asphalt and cycling 50 miles without seeing a building are things you cannot replicate in the UK.

The locals were stereotypically ignorant of matters outside of their locality and given to wild generalisations about foreign folk. They also seemed to live on the most basic food that could be created without fruit and vegetables. However, when it came to respect for cyclists on the road, hospitality and kindness they were exemplary.

We initially struggled to decide on which charity to support and unfortunately fate played a bad hand, when in very quick succession two friends announced they had been diagnosed with Multiple Sclerosis and Motor Neurone Disease respectively. We decided to make a concerted effort to raise money for both causes and have exceeded our target by gathering close to £14,000. As a cruel footnote to the venture, the close friend of mine who was the guy with Motor Neurone Disease, died on the 8th November. Though he had been unable to speak for the last six months, when we returned home he did manage a rough mime of us cycling and put a thumb up – so we knew he appreciated the effort.

Now it’s over it feels like it is someone else’s story. I look in the mirror and find it hard not to share people’s scepticism that we actually did what we did by train, rather than on a push-bike! But, we did and we even managed to have some laughs along the way. The experience has been very inspiring and all the kind words and donations have made it even better than we could have dreamt.

Next year I fancy cycling 25 mile legs between cosy country pubs, but that will be for pleasure only and there will be no requests for sponsorship this time round.”