3 Apr 2019 07:00
3 April 2019
Management Resource Solutions PLC
("MRS" or the "Company")
Share Purchase by Non-Executive Chairman
Management Resource Solutions Plc, a leading Maintenance, Fabrication, Civil and Earthworks company, was today notified that its Non-Executive Chairman, John Zorbas, has purchased 4,450,000 ordinary shares of £0.01 in the Company ("Shares") at an average price of 2.48p pence per Share.
Following this purchase, Mr. Zorbas has an interest in a total of 11,019,080 Shares, representing approximately 5.59% of the issued share capital of the Company.
Moreover, John Zorbas is the CEO of Uru Metals Limited who currently own 8.91% of the issued share capital of the Company.
The Notification of Dealing Form set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | John Zorbas | |||
2 | Reason for the notification | ||||
a) | Position/status | Director | |||
b) | Initial Notification/Amendment | Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Management Resource Solutions plc (MRS) | |||
b) | LEI | 213800Q2UE1H9OW1ND66 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares | |||
Identification code | GB00B8BL4R23 | ||||
b) | Nature of the transaction | Purchase | |||
c) | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
2.53p | 500,000 | ||||
2.57p | 500,000 | ||||
2.58p | 1,000,000 | ||||
2.48p | 100,000 | ||||
2.46p | 900,000 | ||||
2.31p | 1,000,000 | ||||
2.42p | 450,000 | ||||
d) | Aggregated information | ||||
- Aggregated volume | 4,450,000 | ||||
- Average Price | 2.48p | ||||
e) | Date of the transaction | 01/02 April 2019 | |||
f) | Place of the transaction | London | |||
Enquiries:
Management Resource Solutions plc John Zorbas, Chairman Paul Brenton, CEO Tim Jones, Finance Director
| via FTI Consulting Tel: +44 (0) 20 3727 1000 |
Arden Partners plc (NOMAD & Broker) Tom Price Alex Penney Maria Gomez de Olea
| Tel: +44 (0) 20 37614 5900 |
FTI Consulting (Financial PR) Alex Beagley James Styles Laura Saraby | Tel: +44 (0) 20 3727 1000 |
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
Management Resource Solutions (MRS)