MRS Management Resource Solutions Plc

TIDMMRS

RNS Number : 6412E

Management Resource Solutions PLC

09 May 2017

Management Resource Solutions plc

EPIC: MRS

9 May 2017

Management Resource Solutions plc

("MRS" or "the Company")

Board decision concerning possible open offer

At the time of the circular to shareholders dated 10 April 2017, the Board stated an intention to conduct an open offer to Shareholders. Having carefully considered feedback received from investors, having taken note of the significant volume of shares traded close to the recent placing price, the cost of an Open Offer and the likely small take-up and net proceeds of such an offer, the Board has now decided that it is now no longer appropriate or necessary to continue with proposals for an Open Offer.

For further information:

Management Resource Solutions plc +1 (0) 778 938-7631

John Zorbas, Chairman

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

(Nominated Adviser and Joint Broker)

Tom Price

Gerry Beaney

Peterhouse Corporate Finance Limited +44 (0)20 7469 0932

(Joint Broker)

Charles Goodfellow

Lucy Williams

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

This information is provided by RNS

The company news service from the London Stock Exchange

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