Management Resource Solutions PLC Update on acquisition of the D&M Group (6803I)

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.

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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                        [phone] 
 
   FTI Consulting 
   Edward Westropp 
   Oliver Winters 
   Adam Cubbage                        [phone] 
 

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

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