Management Resource Director Burton Steps Down, Exercises Warrants (ALLISS)

3rd Apr 2018 11:57

LONDON (Alliance News) - Management Resource Solutions PLC said on Tuesday that Non-Executive Director Nigel Burton retired from his role effective Saturday.

In addition, the company has raised GBP50,000 through the issue of 1.0 million shares at a price of 5.0 pence each by an exercise of warrants by Burton.

Following this transaction, Burton now holds 6.5 million shares in total, and Management Resources Solutions now has 182.9 million shares issued overall.

"I would like to thank Nigel for his significant contribution to the company, both in the period prior to his appointment and in his role as a director since April 2017. Nigel was instrumental in the success of the placing and re-admission to AIM and has played an important role in the subsequent transformation of the company. Nigel has recently taken on additional commitments elsewhere, and we wish him every success in these new ventures," said Chairman John Zorbas.

Shares in the Australian construction and support services provider were down 5.4% at 6.435 pence on Tuesday.

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