Management Resource Solutions PLC Grant of Warrants and Options (9463O)
May 23 2018 - 2:01AM
UK Regulatory
TIDMMRS
RNS Number : 9463O
Management Resource Solutions PLC
23 May 2018
Management Resource Solutions plc
EPIC: MRS
23 May 2018
Management Resource Solutions plc
("MRS" or "the Company")
Grant of Warrants and Options to directors and management
MRS announces the grant of Warrants and Options to subscribe for
ordinary shares of EUR0.01 each in the Company as follows:
Warrants:
Paul Brenton (Director and Chief Executive Officer) -- 2,000,000
Warrants
Timothy Jones (Finance Director) -- 2,000,000 Warrants
The Warrants may be exercised in whole or in part at any time up
to the fifth anniversary of grant at a price of 8p per Warrant,
subject to the overriding condition that no Warrant may be
exercised unless the quoted price of the Company's ordinary shares
is at least 15p.
Options:
Jonathan McTaggart (Chief Operating Officer of MRS Services
Group) -- 500,000 Options
Shaun Fraser (General Manager of Civil and Earthworks Division)
-- 500,000 Options
The Options may be exercised in whole or in part at any time up
to the seventh anniversary of grant at a price of 8p per Option,
subject to the overriding condition that no Option may be exercised
unless the quoted price of the Company's ordinary shares is at
least 15p.
Related Party Transaction
The grant of the share options to the above directors
constitutes a related party transaction under AIM Rule 13. The
independent director, being John Zorbas, having consulted with
Northland Capital Partners Limited, the Company's nominated
adviser, considers that the grant of the warrants and options is
fair and reasonable in so far as the Company's shareholders are
concerned.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Paul Brenton
Timothy Jones
2 Reason for the notification
a) Position/status Chief Executive
Finance Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Management Resource Solutions plc
b) Legal Entity Identifier
213800Q2UE1H9OW1ND66
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of instrument Warrants over ordinary shares of EUR0.01 each
Identification code GB00B8BL4R23
b) Nature of the transaction Grant of Warrants
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
Exercise price is 8p 2,000,000
2,000,000
e) Aggregated information
- Aggregated volume NA
- Price
- Aggregated total
f) Date of the transaction 23 May 2018
g) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Jonathan McTaggart
Shaun Fraser
2 Reason for the notification
a) Position/status Chief Operating Officer of MRS Services Group
General Manager of Civil and Earthworks Division
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Management Resource Solutions plc
b) Legal Entity Identifier
213800Q2UE1H9OW1ND66
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the financial instrument, type of instrument Warrants over ordinary shares of EUR0.01 each
Identification code
GB00B8BL4R23
b) Nature of the transaction Grant of Options
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
Exercise price is 8p 500,000
500,000
e) Aggregated information
- Aggregated volume NA
- Price
- Aggregated total
f) Date of the transaction 23 May 2018
g) Place of the transaction Outside a trading venue
For further information:
Management Resource Solutions plc
John Zorbas, Chairman +1 (0) 778 938-7631
Paul Brenton, CEO +61 (0) 401 072 464
Timothy Jones, Finance Director +44 (0) 79 6644 2985
Northland Capital Partners Limited +44 (0) 20 3861 6625
(Nominated Adviser and Joint Broker)
Tom Price
Dugald Carlean
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 Regulation 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHPGUAUAUPRGRP
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