Management Resource Solutions PLC Statement re. Suspension (5589W)
August 20 2015 - 1:00AM
UK Regulatory
TIDMMRS
RNS Number : 5589W
Management Resource Solutions PLC
20 August 2015
Management Resource Solutions PLC
Statement Regarding Suspension
The directors of Management Resource Solutions Plc ("MRS" or the
"Company") note the suspension of the Company's ordinary shares
from trading on AIM which took effect at 16:25 yesterday.
The Company has entered into non-binding heads of terms
regarding a potential acquisition which, if completed on the
currently proposed terms, would be classified as a reverse takeover
under the AIM Rules.
The Company's shares will remain suspended from trading until
such time as either an admission document setting out details of
the proposed acquisition is published, which would be no earlier
than the fourth quarter of 2015, or confirmation is given that the
transaction is not proceeding.
Additionally, the Company has recently been invited to tender
for a number of new contracts and awaits responses to those
tenders. The directors will provide an update on these contracts at
the appropriate time and are confident that the marketplace in
which MRS operates remains buoyant.
Further announcements will be made in due course.
For further information:
Management Resource Solutions PLC c/o FTI +44 (0)20 3727
Paul Morffew, Chief Executive 1000
Timothy Jones, Finance Director
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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