5 Oct 2017 07:30
Management Resource Solutions plc
EPIC: MRS
5 October 2017
Management Resource Solutions plc
("MRS" or "the Company")
AIM Notice
MRS notes that the London Stock Exchange has today published details of a censure of the Company and a fine of £125,000 for historic breaches of the AIM Rules, discounted to £85,000 for early settlement of the proceedings. The Exchange states in its announcement that since the events that are the subject of this censure:
· save for the finance director, the Company has a new board;
· when the matter was brought to the attention of the finance director, the nominated adviser was immediately made aware of the issues and action was taken;
· none of the current members of the board bear any responsibility for these breaches.
The Exchange Notice is available at http://www.londonstockexchange.com/companies-and-advisors/aim/advisers/aim-notices/aim-notices.htm .
For further information:
Management Resource Solutions plc
John Zorbas, Chairman +1 (0) 778 938-7631
Nigel Burton, Director +44 7785 234447
Trevor Brown, Director +41 7941 55384
Northland Capital Partners Limited +44 (0) 20 3861 6625
(Nominated Adviser and Joint Broker)
Tom Price
Gerry Beaney
Peterhouse Corporate Finance Limited +44 (0)20 7469 0932
(Joint Broker)
Charles Goodfellow
Lucy Williams
This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation 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