MRS Management Resource Solutions Plc

TIDMMRS

RNS Number : 9676U

Management Resource Solutions PLC

30 October 2017

Management Resource Solutions plc

EPIC: MRS

30 October 2017

Management Resource Solutions plc

("MRS" or "the Company")

Exercise of Warrants and Share Purchase by Director

John Zorbas, Chairman of the Company, exercised 2,350,000 Warrants at an exercise price of 5p each on 26 October 2017. The consideration received by the Company will be GBP117,500.

The 2,350,000 new Ordinary Shares ("Shares") arising from the exercise of these Warrants have been issued today, and application has been made for them to be admitted to trading on AIM. Dealings are expected to start on 2 November 2017. The shares will be registered in the name of Eaton Equities Ltd, a company in which Mr Zorbas is interested.

Separately Mr Zorbas made a market purchase of 219,080 Shares on 26 October at an average price of 6.76 pence per share.

Following these two transactions Mr Zorbas owns a total of 2,569,080 Shares.

For further information:

Management Resource Solutions plc

John Zorbas, Chairman +1 (0) 778 938-7631

Nigel Burton, Director +44 7785 234447

Trevor Brown, Director +41 7941 55384

Northland Capital Partners Limited +44 (0) 20 3861 6625

(Nominated Adviser and Joint Broker)

Tom Price

Gerry Beaney

Peterhouse Corporate Finance Limited +44 (0)20 7469 0932

(Joint Broker)

Charles Goodfellow

Lucy Williams

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations. On the publication of this announcement via a Regulatory Information Service ("RIS"), this information is considered to be in the public domain.

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 company news service from the London Stock Exchange

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