21 Nov 2018 13:41
Management Resource Solutions
("MRS" or the "Company")
21 November 2018
Management Resource Solutions plc
("MRS" or "the Company")
Nominated Adviser Status
The directors of MRS are aware of the proposed merger of its current nominated adviser ("Nomad"), Northland Capital Partners Limited ("Northland") with SP Angel Corporate Finance LLP. The directors have also been informed that Northland has voluntarily agreed to relinquish its Nomad status and will be removed from the register of Nomads with effect from 7am on 1 February 2019.
In accordance with AIM Rule 1, if the Company fails to appoint a new Nomad by 1 February 2019 the Exchange will suspend trading in the Company's AIM Securities. If the Company has failed to appoint a replacement Nomad by 4 March 2019 the admission of its AIM Securities will be cancelled.
The Company's board is in advanced discussions to appoint a new Nomad and is confident that a suitable replacement will be appointed by the required date. A further announcement will be made in due course.
For further information:
Management Resource Solutions plc
John Zorbas, Chairman +1 (0) 778 938-7631
Paul Brenton, CEO +61 (0) 401 072 464
Tim Jones, Finance Director +44 (0) 79 6644 2985
Northland Capital Partners Limited +44 (0) 20 3861 6625
(Nominated Adviser and Joint Broker)
David Hignell
Gerry Beaney
Jamie Spotswood
Peterhouse Corporate Finance Limited +44 (0)20 7469 0932
(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