Management Res Sol

Accelerated Bookbuild

RNS Number : 9150T
Management Resource Solutions PLC
06 July 2018
 

Management Resource Solutions plc

EPIC: MRS

 

6 July 2018

 

Management Resource Solutions plc

("MRS" or "the Company")

 

 

Accelerated Bookbuild for employees, contractors and directors

The Board of MRS is pleased to announce that, following the announcement on 25 June 2018, the placing of 14 million new ordinary shares of €0.01 each ("Ordinary Shares") to employees, contractors and directors (the "New Share Placing") at a price of 6.5p per share has completed, with the full 14 million shares being taken up.

MRS Directors and Management have taken up the following

John Zorbas                        4,000,000 shares

Paul Brenton                      1,000,000 shares

Tim Jones                            1,000,000 shares

Jonathon McTaggart         200,000 shares

Shaun Fraser                      450,000 shares

The remaining 7,350,000 shares has been taken by employees and contractors.

The New Share Placing will provide MRS with additional working capital.

 

Admission and Total Voting Rights

The 14,000,000 New Placing Shares will rank pari passu with the Group's existing Ordinary Shares.  Application will be made for the New Placing Shares to be admitted to trading on AIM ("Admission") and it is expected that such Admission will become effective on or around 12 July 2018.

Following Admission, the Group will have a total of 196,946,002 Ordinary Shares in issue with each Ordinary Share carrying the right of one vote.  The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or change to their interest in, the Group under the FCA's Disclosure and Transparency Rules.

 

For further information:

 

Management Resource Solutions plc                                                                                    

John Zorbas, Chairman                                                                                                  +1 (0) 778 938-7631

Paul Brenton, CEO                                                                                                           +61 (0) 401 072 464

Tim Jones, Finance Director                                                                                        +44 (0) 79 6644 2985

 

Northland Capital Partners Limited                                                                         +44 (0) 20 3861 6625

(Nominated Adviser and Joint Broker)

Tom Price

Jamie Spotswood

 

 

 

 

 

This announcement includes inside information as defined in Article 7 of the Market Abuse Regula􀆟on No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations. On the publication of this announcement via a Regulatory Information Service ("RIS"), this information is considered to be in the public domain.

About MRS

Management Resource Solutions plc (MRS), through its subsidiaries Bachmann Plant Hire and MRS Services Group, offers plant hire, equipment repair, refurbishment and fabrication, mine rehabilitation, earthmoving, road construction and other support services to a wide base of private and public sector clients in Australia. MRS caters predominately for the mining, civil engineering, construction and infrastructure industries.

Further information on the Company can be found at http://www.mrsplc.info


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