Management Resource Solutions PLC Notice of Requisition of General Meeting (6427E)
July 05 2019 - 3:34AM
UK Regulatory
TIDMMRS
RNS Number : 6427E
Management Resource Solutions PLC
05 July 2019
5 July 2019
Management Resource Solutions plc
("MRS" or the "Company")
Notice of Requisition of General Meeting
Management Resource Solutions plc, a leading Maintenance,
Fabrication, Civil and Earthworks company, announces it has
received a letter from certain registered holders of MRS shares,
each a nominee of and acting on the instructions of one or more
funds managed by Barclays Direct Investing Nominees Limited and
Interactive Investor Services Nominees Limited, under section 303
of the Companies Act 2006, requisitioning a general meeting of the
Company's shareholders (the "Requisition").
The Requisition puts forward resolutions that seek the removal
of certain Directors of the Board of MRS, being John Zorbas,
Timothy Jones, Robert Hackett, and any Director appointed to the
Board between the date of the Requisition and the date on which the
shareholder general meeting to consider the resolutions of the
Requisition is convened, and to appoint John Copley and Robert Wall
to the Board of the Company (the "Resolutions").
The Board of Directors regrets that this action has been taken a
short time after separate recent requisitioned resolutions were not
passed and considers the Requisition to be an unwelcome distraction
from the objectives of the Board and the Company. The Board is
unanimously of the view that the Resolutions are not in the best
interests of the Company and its shareholders as a whole and
intends to unanimously recommend that shareholders vote against the
Resolutions at any requisitioned general meeting.
The Board is required to call a general meeting within 21 days
of receipt of the Requisition and to provide for such meeting to be
held on a date not more than 28 days after the notice of such
meeting. The Company will send shareholders a notice of general
meeting in due course in accordance with the requirements of the
Companies Act 2006.
ENDS
Enquiries:
Management Resource Solutions plc via FTI Consulting
John Zorbas, Chairman Tel: +44 (0) 20
Paul Brenton, CEO 3727 1000
Tim Jones, Finance Director
Robert Hackett, Non-Executive Director
Arden Partners plc (NOMAD & Broker) Tel: +44 (0) 20
Tom Price 37614 5900
Maria Gomez de Olea
FTI Consulting (Financial PR) Tel: +44 (0) 20
Alex Beagley 3727 1000
James Styles
Sam Macpherson
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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