RA International Group PLC Transaction in Own Shares and Total Voting Rights

RNS Number : 2335O

RA International Group PLC

13 May 2024

 

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	[phone]

 

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.

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