Management Resource Solutions PLC Accelerated Bookbuild (9150T)
July 06 2018 - 10:38AM
UK Regulatory
TIDMMRS
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 EUR0.01 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
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
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