Management Resource Solutions PLC Accelerated Bookbuild (9150T)

TIDMMRS

RNS Number : 9150T

Management Resource Solutions PLC

06 July 2018

Management Resource Solutions plc

EPIC: MRS

6 July 2018

Management Resource Solutions plc

("MRS" or "the Company")

Accelerated Bookbuild for employees, contractors and directors

The Board of MRS is pleased to announce that, following the announcement on 25 June 2018, the placing of 14 million new ordinary shares of EUR0.01 each ("Ordinary Shares") to employees, contractors and directors (the "New Share Placing") at a price of 6.5p per share has completed, with the full 14 million shares being taken up.

MRS Directors and Management have taken up the following

   John Zorbas                        4,000,000 shares 
   Paul Brenton                      1,000,000 shares 
   Tim Jones                            1,000,000 shares 
   Jonathon McTaggart         200,000 shares 
   Shaun Fraser                      450,000 shares 

The remaining 7,350,000 shares has been taken by employees and contractors.

The New Share Placing will provide MRS with additional working capital.

Admission and Total Voting Rights

The 14,000,000 New Placing Shares will rank pari passu with the Group's existing Ordinary Shares. Application will be made for the New Placing Shares to be admitted to trading on AIM ("Admission") and it is expected that such Admission will become effective on or around 12 July 2018.

Following Admission, the Group will have a total of 196,946,002 Ordinary Shares in issue with each Ordinary Share carrying the right of one vote. The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or change to their interest in, the Group under the FCA's Disclosure and Transparency Rules.

For further information:

Management Resource Solutions plc

John Zorbas, Chairman [phone]

Paul Brenton, CEO [phone]

Tim Jones, Finance Director [phone]

Northland Capital Partners Limited [phone]

(Nominated Adviser and Joint Broker)

Tom Price

Jamie Spotswood

This announcement includes inside information as defined in Article 7 of the Market Abuse Regula􀆟on 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 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 [e-mail] or visit www.rns.com.

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July 06, 2018 10:38 ET (14:38 GMT)