30 Oct 2017 11:00
Management Resource Solutions plc
EPIC: MRS
30 October 2017
Management Resource Solutions plc
("MRS" or "the Company")
Exercise of Warrants and Share Purchase by Director
John Zorbas, Chairman of the Company, exercised 2,350,000 Warrants at an exercise price of 5p each on 26 October 2017. The consideration received by the Company will be £117,500.
The 2,350,000 new Ordinary Shares ("Shares") arising from the exercise of these Warrants have been issued today, and application has been made for them to be admitted to trading on AIM. Dealings are expected to start on 2 November 2017. The shares will be registered in the name of Eaton Equities Ltd, a company in which Mr Zorbas is interested.
Separately Mr Zorbas made a market purchase of 219,080 Shares on 26 October at an average price of 6.76 pence per share.
Following these two transactions Mr Zorbas owns a total of 2,569,080 Shares.
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