THE INFORMATION CONTAINED WITHIN
THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE
INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU)
NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
13 May 2024
RA INTERNATIONAL GROUP
PLC
("RA
International", "RA" or the "Company")
Transaction in Own Shares and
TVR
RA International Group PLC (AIM:
RAI), a specialist provider of complex and integrated remote site
services to organisations globally, announces its intention to make
an off-market purchase of 1,987,215 ordinary shares in the Company
with a nominal value of 10 pence each ("Ordinary Shares") at a price of 8 pence
per Ordinary Share, from Trevor Stratford, a former employee of RA
(the "Off-Market
Purchase"). The Ordinary Shares will be repurchased using
the Company's existing cash resources and will be held as treasury
shares. The total consideration for the Off-Market Purchase will
be £158,977.20.
The Off-Market Purchase is governed
in accordance with the terms of a conditional sale and purchase
agreement between RA and Trevor Stratford, which was entered into
earlier today and is subject to approval by the shareholders of the
Company, at its Annual General Meeting ("AGM") which is expected to
be held on 26 June 2024 (a further announcement detailing the AGM
will be made in due course).
Company shareholding in treasury and
Total Voting Rights
Following settlement of the
Off-Market Purchase, which is expected to occur shortly following
the AGM assuming shareholder approval is granted, the total number
of Ordinary Shares held as treasury shares will be 1,987,215. The
total number of Ordinary Shares in issue (including shares held as
treasury shares) will be 173,575,741. Therefore, the total voting
rights in the Company will be 171,588,526, which may be used by
shareholders as the denominator for the calculation by which they
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency
Rules.
Enquiries:
|
RA
International Group PLC
Sangita Shah, Chair
Soraya Narfeldt, Chief Executive
Officer
|
Via Strand Hanson
|
|
Strand Hanson Limited (Nominated & Financial Adviser and
Broker)
Ritchie Balmer / James Spinney /
David Asquith
|
+44 (0) 20
7409 3494
|
About RA International
RA International is a leading
provider of services to remote locations. The Group offers its
services through three channels: construction, integrated
facilities management and supply chain, and services two main
client groups: humanitarian and aid agencies and western government
organisations focusing on overseas projects. It has a strong
customer base, largely comprising UN agencies, UK and US government
departments and global corporations.
The Group provides comprehensive,
flexible, mission critical support to its clients enabling them to
focus on the delivery of their respective businesses and services.
Focusing on integrity and values alongside making on-going
investment in its people, locations and operations has over time
created a reliable and trusted brand within its sector.