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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Management Resource Solutions Plc | LSE:MRS | London | Ordinary Share | GB00B8BL4R23 | ORD EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.30 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMRS
RNS Number : 4897S
Management Resource Solutions PLC
25 June 2018
Management Resource Solutions plc
EPIC: MRS
25 June 2018
Management Resource Solutions plc
("MRS" or "the Company")
Accelerated Bookbuild for Employees, Contractors and Directors
The Board of MRS is pleased to announce a proposed placing of up to 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.
The New Share Placing will provide MRS with additional working capital.
The New Share Placing is being offered by way of a non-brokered accelerated bookbuild ("Bookbuild") which will be launched immediately following this announcement.
It is expected that the finalisation of the Bookbuild will be shortly after its launch is announced, and a further announcement will be made to confirm its completion in due course.
Trading update
The Board of MRS refers to its previously released earnings forecast for the year ending 30 June 2018 of 2p per share, equivalent to an EBITDA of approximately $11.5 million, which, on the basis of current estimates and subject to audit is expected to be achieved.
For further information:
Management Resource Solutions plc
John Zorbas, Chairman
+1 (0) 778 938-7631
Paul Brenton, CEO +61 (0) 401 072 464
Tim Jones, Finance Director
+44 (0) 79 6644 2985
Northland Capital Partners Limited +44 (0) 20 3861 6625
(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 rns@lseg.com or visit www.rns.com.
END
MSCEAAKSADXPEFF
(END) Dow Jones Newswires
June 25, 2018 08:38 ET (12:38 GMT)
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