Management Resource Solutions PLC Update on acquisition of the D&M Group (6803I)
27 March 2015 - 9:01PM
UK Regulatory
TIDMMRS
RNS Number : 6803I
Management Resource Solutions PLC
27 March 2015
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 EUR0.01 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 c/o FTI +44 (0)20
Paul Morffew, Chief Executive 3727 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.
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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