Bachmann Plant Hire secures AUD$2m works

Management Resource Solutions plc

EPIC: MRS

14th September 2018

Management Resource Solutions plc

("MRS" or "the Company")

Bachmann Plant Hire secures AUD$2m works for the Australian Federal Government

The Board is pleased to announce that Bachmann Plant Hire (BPH) has secured a AUD$2.0m contract providing civil and earthworks on a Australian Federal Government project in the Northern Territory.

Mobilisation of equipment and personnel to Katherine, Northern Territory, Australia has begun.

This win acknowledges and rewards BPH's strategy of exploring and executing opportunities outside of traditional operating locations. Further, the opportunity to safely execute in Northern Australia, underpins the developing strategic intent of participating in different regions and market segments. 

Shaun Fraser (GM Civil & Earthworks) said: "This parcel of work represents an exiciting time and will no doubt open up futher opportunities in the short term. We understand that mobilising equipment and people into remote communities is challenging, and we will closely montior our performance. Yet working on projects of this nature is expected to deliver commercially. We have a great, willing & agile team who continue to be responsive when unique and commercial opportunities present".

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

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

(Joint Broker)

Charles Goodfellow

Lucy Williams

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