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Update on Acquisition and Admission

Released 07:00 19-Jan-2016

RNS Number : 2469M
Management Resource Solutions PLC
19 January 2016

19 January 2016

Management Resource Solutions Plc


Acquisition and Readmission of the Enlarged Group to trading on AIM


Management Resource Solutions Plc ("MRS", "Company" or the "Group"), the human capital resource consultancy quoted on AIM, is pleased to provide an update further to the announcement of 11 January 2016.  The Company has now published the Schedule 1 announcement required pursuant to the AIM Rules for Companies ("AIM Rules"). 

The general meeting to approve the proposed acquisition of Bachmann Plant Hire Pty Ltd ("Bachmann") will be held on Thursday 28 January 2016 at 17:00 local time (07:00 UK time).  On the basis that the resolution to approve the acquisition of Bachmann is approved at that meeting, the ordinary share capital of the Company will, in accordance with the AIM Rules, be effectively cancelled and readmitted to trading on AIM with effect from 07:30 on Monday 1 February 2016. 

As the issued share capital of the Company is not being increased or reduced as a result of the acquisition of Bachmann there are no practical implications to shareholders from the readmission process .


For further information:


Management Resource Solutions PLC

Paul Morffew, Chief Executive

Timothy Jones, Finance Director

c/o FTI +44 (0)20 3727 1000

Northland Capital Partners Limited

(Nominated Adviser and Broker)

William Vandyk

David Hignell

+44 (0)20 7382 1100


FTI Consulting

Edward Westropp

Oliver Winters

Adam Cubbage



+44 (0)20 3727 1000


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Update on Acquisition and Admission - RNS