Management Resource Solutions PLC Additional Placing (6544C)
April 19 2017 - 2:00AM
UK Regulatory
TIDMMRS
RNS Number : 6544C
Management Resource Solutions PLC
19 April 2017
19 April 2017
Management Resource Solutions plc
("MRS" or "the Company")
Additional Placing
Further to the announcement made on 10 April 2017, the board of
MRS is pleased to announce that, following further demand from new
and existing investors, Peterhouse Corporate Finance has raised an
additional GBP500,000, before expenses, on behalf of the Company,
by way of a placing of 10,000,000 new ordinary shares ("New
Ordinary Shares") at a price of 5p per share (the "Placing").
Completion of the Placing will be conditional on the passing of
the necessary Resolutions by the Company's Shareholders at the
General Meeting to be held on 27 April 2017 and the suspension of
trading in the Shares being lifted (together the "Conditions").
Application will be made to AIM for the New Ordinary Shares to
be admitted to trading on AIM (the "Admission"). Subject to the
satisfaction of the Conditions and those relating to the placing
announced on 10 April 2017, it is anticipated that the suspension
of the trading of the shares on AIM will be lifted on or around
7.30 a.m. and Admission will occur on or around 8.00 a.m. in each
case on 28 April 2017.
The New Ordinary Shares will rank pari passu with the existing
ordinary shares.
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.
For further information, please contact:
Management Resource Solutions PLC Tel: +1 (0)778 938-7631
John Zorbas, Chairman
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Nomad and Joint-Broker Tel: +44 (0)203 861 6625
Northland Capital Partners Limited
Tom Price / Gerry Beaney
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Joint-Broker
Peterhouse Corporate Finance Limited
Lucy Williams / Charles Goodfellow / Duncan Vasey Tel: +44 20 7469 0930
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This information is provided by RNS
The company news service from the London Stock Exchange
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