Management Resource Solutions PLC Bachmann Plant Hire awarded $3m project with BMD

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Management Resource Solutions PLC

31 August 2018

Management Resource Solutions plc

EPIC: MRS

31(st) August 2018

Management Resource Solutions plc

("MRS" or "the Company")

Bachmann Plant Hire awarded $3m project with BMD

The Board is pleased to announce the contract execution of project works with BMD Constructions.

The project is expected to generate $3m of revenue over the next 12 months, and underpins the volume assumptions supporting the acquisition of recent new plant and equipment. The project scope of works aligns to the business's core operational competencies in the provision of complete wet hire equipment solutions - with the following work elements:

   --     Stripping and re-spreading of topsoil volume 
   --     Removal and mixing of contaminated soils 
   --     Certified compaction of earthworks soils, and 
   --     Placement of surcharge material. 

Shaun Fraser - GM Civil & Earthworks said: "The award of this parcel of work reflects the responsivness, reliability and breadth & capability of the BPH team. This project continues the very strong relationship with BMD, with both organisations focussed on delivering the project safely and on time."

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

Peterhouse Corporate Finance Limited [phone]

(Joint Broker)

Charles Goodfellow

Lucy Williams

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

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August 31, 2018 02:00 ET (06:00 GMT)