27th Mar 2015 10:01
27 March 2015 For immediate release
Management Resource Solutions PLC
("MRS" or the "Company")
Update on acquisition of the D&M Group
Further to the announcements of 5 March and 23 March 2015, MRS, the human capital resource consultancy quoted on AIM, has been notified by the existing lender who holds a security over the assets of the enlarged group, the release or discharge of which is the final condition to completion of the acquisition of the D&M Group, that they have agreed in principal to the necessary variation and will require approximately two weeks to complete their formal process.
Accordingly, it is anticipated that the acquisition of the D&M Group will be completed on or around Friday 10 April 2015 and that the Company's ordinary shares of €0.01 each, which are currently trading on AIM, will be readmitted to trading pursuant to the AIM Rules for Companies' requirements for reverse transactions on Monday 13 April 2015.
-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