Management Resource Solutions PLC Update on acquisition of the D&M Group (8662J)
April 10 2015 - 5:08AM
UK Regulatory
TIDMMRS
RNS Number : 8662J
Management Resource Solutions PLC
10 April 2015
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 c/o FTI +44
PLC (0)20 3727 1000
Paul Morffew, Chief Executive
Timothy Jones, Finance Director
Northland Capital Partners Limited
(Nominated Adviser and Broker)
William Vandyk +44 (0)20 7382
David Hignell 1100
FTI Consulting
Edward Westropp
Oliver Winters +44 (0)20 3727
Adam Cubbage 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/.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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