Management Resource Solutions PLC Board Changes (9192X)
May 02 2019 - 8:00AM
UK Regulatory
TIDMMRS
RNS Number : 9192X
Management Resource Solutions PLC
02 May 2019
2 May 2019
Management Resource Solutions plc
("MRS" or the "Company")
Board Changes
Management Resource Solutions plc (AIM:MRS), a leading
Maintenance, Fabrication, Civil and Earthworks company, today
announces the following proposed board changes:
John Zorbas, Non-Executive Chairman, has informed the board of
his intention to step down from the board on 31 August 2019, having
led the Company during its period of recovery and return to
profitability. The board would like to take this opportunity to
thank John for all of his hard work in the business and wishes him
all the best for the future.
Further to the Company's announcement on 15 April 2019, the
board is pleased to announce that it intends to appoint two
independent non-executive directors and has identified two suitable
candidates. Robert Hackett and Peter Dighton will be appointed to
the board subject to the customary process of due diligence and
subject to the outcome of the general meeting that is expected to
take place on 22 May 2019.
Mr Hackett is an experienced executive in the Australian oil and
gas and construction industries, having previously been CEO of
Century Drilling Limited and MB Petroleum Services. He is currently
chairman of Strathlyn Investments Pty Ltd, a private investment and
trustee company.
Mr Dighton is a qualified solicitor based near Brisbane and is
currently principal of Law Strategies Pty Ltd, a consultancy that
specialises in the legal aspects of large projects and
transactions. Mr Dighton is an experienced listed company director
in Australia and the UK, where his prior appointments included
board positions with two AIM listed companies.
In addition, the Board intends to appoint a UK-based independent
Non-Executive Director with experience of equity capital markets
and as a public company director, specifically on AIM.
It is unlikely that any of these appointments will be made prior
to the general meeting that is expected to take place on 22 May
2019 and a further announcement will be made when appropriate.
Board composition
Following the appointment of Mr Hackett, Mr Dighton and a third
additional independent non-executive director, the composition of
the Board will be compliant with the guidelines of the QCA
Corporate Governance Code in having a board that is comprised with
at least two independent non-executive directors. The Company's
corporate governance statement that is available on the Company's
website will be updated to reflect the new appointments and be made
available to shareholders in due course.
ENDS
For further information:
Management Resource Solutions plc via FTI Consulting
John Zorbas, Chairman Tel: +44 (0) 20
Paul Brenton, CEO 3727 1000
Tim Jones, Finance Director
Arden Partners plc (NOMAD & Broker) Tel: +44 (0) 20
Tom Price 37614 5900
Alex Penney
Maria Gomez de Olea
FTI Consulting (Financial PR) Tel: +44 (0) 20
Alex Beagley 3727 1000
James Styles
Laura Saraby
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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