LONDON (Alliance News) - Management Resource Solutions PLC on Wednesday said its nominated adviser, Northland Capital Partners Ltd, has voluntarily agreed to relinquish its status of adviser of the company following its merger with SP Angel Corporate Finance LLP.
Management Resource added it is in advanced discussions to appoint a new adviser.
If the company fails to appoint one by February 1, its shares will be suspended from trading under AIM rules. If the new adviser is not in place by March 4, the company's shares will then be cancelled.
Management Resource Solutions shares were trading down 3.6% at 5.83 pence each.