10th Apr 2015 11:08
10 April 2015 For immediate release
Management Resource Solutions PLC
("MRS" or the "Company")
Update on acquisition of the D&M Group
MRS is pleased to report that the final condition to the debt facility entered into on 4 March 2015 Halcyon Capital Management Pty Ltd ("Halcyon") which will be utilised to fund the acquisition of the D&M group of companies has now been satisfied.
The Company has encountered some practical difficulties in taking receipt of the funds from Halcyon and is now working towards a solution. Once the acquisition has been completed application will be made for the Company's ordinary shares to be readmitted to trading on AIM without delay.
A further announcement will be made as soon as practicable.
-Ends-
For further information:
Management Resource Solutions PLC Paul Morffew, Chief Executive Timothy Jones, Finance Director | c/o FTI +44 (0)20 3727 1000 |
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Northland Capital Partners Limited (Nominated Adviser and Broker) William Vandyk David Hignell | +44 (0)20 7382 1100 |
FTI Consulting Edward Westropp Oliver Winters Adam Cubbage
| +44 (0)20 3727 1000 |
About MRS
MRS provides project, quality, environmental and health & safety management services to some of the largest companies and projects across Australia, Oceania and Southeast Asia. MRS are sector specialists in the construction, engineering, civil engineering, petrochemical and coal seam gas sectors. MRS sources its contractors from a database of over 23,000 professionals around the globe, allowing it to react quickly and fully to client requirements.
Terms used but not defined in this announcement are defined in the Company's AIM admission document published today. The Admission Document can be found at http://www.mrsplc.net/.
Related Shares:
Management Resource Solutions