31st May 2019 07:00
31 May 2019
Management Resource Solutions plc
("MRS" or the "Company")
Update
As shareholders have been informed, the board is commissioning an independent legal review to address the merit of shareholder concerns regarding the relationship of certain shareholders and any potential conflicts of interest, together with an independent valuation report on the recent Alerion acquisition.
The legal report is progressing in line with expectations and the scope and terms of the valuation report are now agreed in principal.
As previously stated, the overall conclusions of both reports will be announced as soon as they are available and the board envisages that this will be in the second half of June for the legal report, and no later than early July for the valuation report.
Enquiries:
Management Resource Solutions plc John Zorbas, Chairman Paul Brenton, CEO Tim Jones, Finance Director
| via FTI Consulting Tel: +44 (0) 20 3727 1000 |
Arden Partners plc (NOMAD & Broker) Tom Price Maria Gomez de Olea Radhika Srinivasan (Sales)
| Tel: +44 (0) 20 7614 5900 |
FTI Consulting (Financial PR) Alex Beagley James Styles Laura Saraby | Tel: +44 (0) 20 3727 1000 |
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
Related Shares:
Management Resource Solutions