Update on release of financial results 09 Mar 2017

RNS Number : 8972Y
Management Resource Solutions PLC
08 March 2017
Update on release of Audited Financial Statements and Interim Results
The difficulties caused by the destruction of documentation and the disruptive effect of the termination of the two problem contracts have continued to delay the finalisation of the Annual Report for the year ended 30 June 2016.  The directors confirm that they will release the results at the earliest possible opportunity, which they recognise is in everyone’s interests.

As the work of finalising the 2016 Annual Report has been progressing, preparation of the Interim Statement to 31 December 2016 has been proceeding in tandem.  Interim results are always unaudited, but, on this occasion, the Directors have elected to ask our Auditors to carry out a review of the Interim Statement and their report (which does not constitute an audit) will be included when the results are released, which will be by 31 March 2017.

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Holdings in Company 2nd March 2017

RNS Number : 2693Y
Management Resource Solutions PLC
01 March 2017

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i

 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

Management Resource Solutions Plc

 

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

ü

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

 

3. Full name of person(s) subject to the notification obligation: iii

Uru Metals Limited

4. Full name of shareholder(s)

(if different from 3.): iv

5. Date of the transaction and date on which the threshold is crossed or reached: v

28 February 2017

6. Date on which issuer notified:

1 March 2017

7. Threshold(s) that is/are crossed or

reached: vi, vii

3%, 4%, 5%, 6%, 7%, 8%

 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B8BL4R23

0

0

7,550,000

7,550,000

8.79

 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion
Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

 

% of voting
rights

 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise
price

Expiration
date
xvii

Exercise/
Conversion
period
xviii

Number of voting
rights instrument
refers to

% of voting rights xix, xx

 

Nominal

Delta

 

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Holdings in Company 1st March 2017

RNS Number : 2482Y
Management Resource Solutions PLC
01 March 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

MANAGEMENT RESOURCE SOLUTIONS PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the
notification obligation:
iii

4. Full name of shareholder(s)
(if different from 3.):iv

SCOPN Pty Ltd

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

28/2/2017

6. Date on which issuer notified:

1/3/2017

7. Threshold(s) that is/are crossed or
reached:
vi, vii

3, 4, 5, 6, 7%



8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B8BL4R23

14,702,601

14,702,601

7,152,601

7,152,601

~8.3%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

 

 

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

7,152,601

~8.3%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

 

 

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Notice of General Meeting 21st Feb 2017

RNS Number : 4152X
Management Resource Solutions PLC
21 February 2017

Notice of General Meeting

Further to the announcement of 31 January 2017, Management Resource Solutions Plc (the “Company”) announces that it has posted to shareholders a notice of general meeting to be held on 17 March 2017 at which a single resolution will be proposed to remove Murray d’Almeida as a director of the company.

In addition, the Company has received a letter from Pershing Nominees Limited containing a statement under s314 of the Companies Act 2006 relating to the general meeting to be held on 24 February 2017.  A separate letter to shareholders containing this statement is enclosed with the notice of general meeting posted to shareholders.

Copies of both documents will be available on the Company’s website shortly.

READ THE FULL STORY HERE

Holdings in Company 17th Feb 2017

RNS Number : 2223X
Management Resource Solutions PLC
17 February 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

Management Resource Solutions PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

x

Other (please specify): Sale of Options

3. Full name of person(s) subject to the
notification obligation:
iii

MACQUARIE GROUP LIMITED

 

 

 

4. Full name of shareholder(s)
(if different from 3.):iv

MACQUARIE BANK LIMITED

READ THE FULL STORY HERE

Statement from Requisitioning Shareholder Regarding General Meeting

Northland, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, acts as nominated adviser to the Company and will not be responsible to any person other than the Company under the Financial Services and Markets Act 2000 (as amended), the rules of the Financial Conduct Authority or otherwise for providing the protections afforded to its clients or for advising any other person in relation to the contents of this document or any matter, transaction or arrangement referred to in this document. The responsibilities of Northland as the Company’s nominated adviser, under the AIM Rules for Nominated Advisers, are owed solely to London Stock Exchange plc and are not owed to the Company or to any Director, shareholder or any other person, in respect of his decision to acquire shares in the Company in reliance on any part of this document, or otherwise.

This document should be read as a whole.

CLICK HERE TO READ THE DOCUMENT

Notice of General Meeting 17th Feb 2017

Northland, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, acts as nominated adviser to the Company and will not be responsible to any person other than the Company under the Financial Services and Markets Act 2000 (as amended), the rules of the Financial Conduct Authority or otherwise for providing the protections afforded to its clients or for advising any other person in relation to the contents of this document or any matter, transaction or arrangement referred to in this document. The responsibilities of Northland as the Company’s nominated adviser, under the AIM Rules for Nominated Advisers, are owed solely to London Stock Exchange plc and are not owed to the Company or to any Director, shareholder or any other person, in respect of his decision to acquire shares in the Company in reliance on any part of this document, or otherwise.

This document should be read as a whole. Your attention is drawn to the letter from the Chief Executive of the Company which is set out on pages 4 to 5 of this document.

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Payment of Deferred Consideration 16th Feb 2017

In accordance with the Bachmann Plant Hire (“Bachmann”) share sale agreement, the voluntary administration of Management Resource Solutions Pty Ltd, announced on 8 February 2017, has triggered a contractual requirement for Management Resource Solutions Plc (“MRS” or “Company”) to pay the second and third deferred payments due on the acquisition of Bachmann immediately. The aggregate sum due is A$2,666,666 and, given the need to focus the Company’s cash resources in the continuing businesses, the directors of MRS have elected to satisfy the consideration in accordance with the Bachmann share sale agreement by way of an issue of 11,051,261 new ordinary shares of €0.01 each (“Ordinary Shares”) at a price of 14.7125 pence per share.

The Bachmann vendors already hold 3,610,226 Ordinary Shares and as a result of this issue will be interested in 14,661,487 Ordinary Shares, representing 17.1 per cent. of the enlarged issued share capital of the Company. These new Ordinary Shares are being issued immediately and will be admitted to trading on AIM as soon as possible upon resumption of trading in the Ordinary Shares.

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Further re General Meeting

RNS Number : 3655W
Management Resource Solutions PLC
08 February 2017

The board of Management Resource Solutions Plc (“MRS” or “Company”) wish to update shareholders regarding a number of issues, including the requisitioned general meeting to be held on 24 February 2017.

Voluntary Administration of Subsidiaries

As shareholders will be aware, the Company formerly operated consulting contracts in respect of projects in Papua New Guinea and New South Wales for which Notices of Default were served and work ceased during 2016. To cover losses in these contracts a provision of $6.6m has been included in the audited consolidated accounts of the Company to 30 June 2016.  In order to separate the continuing business of the MRS group from previous operations, MRS PNG Limited and MRS Guernsey Limited were placed in Voluntary Liquidation in December 2016 and Management Resource Solutions Pty Ltd, an Australian subsidiary of MRS Plc, has been placed into Voluntary Administration with effect from 7 February 2017.

MRS Services Group and Bachmann Plant Hire, the two operating businesses of the Company, are unaffected by this arrangement as they are subsidiaries of a different entity, Holding (MRS) Pty Ltd.

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