RA International Group PLC Variation to Employee Share Scheme (5576D)

TIDMRAI

RNS Number : 5576D

RA International Group PLC

30 June 2021

RA INTERNATIONAL GROUP PLC

("RA International" or the "Company")

Variation to Employee Share Scheme

RA International Group PLC (AIM: RAI), a specialist provider of complex and integrated remote site services to Humanitarian, Governmental and Commercial organisations globally, announces a variation to the RA International Group PLC Share Option Scheme (the "Plan"). Under the original terms of the Plan established on 29 June 2018, Andrew Bolter and Trevor Stratford were granted 1,304,347 and 760,869 performance options respectively with a performance measurement date of 29 June 2021. The Remuneration Committee has resolved to vary the performance measurement date to 29 June 2022. In considering the variation to the Plan, the Remuneration Committee recognised the exceptional circumstances of the past year as a result of the global coronavirus pandemic, which made the variation a fairer period of time to measure performance.

Enquiries

 
 RA International Group PLC                               Via Bamburgh 
  Soraya Narfeldt, Chief Executive Officer                     Capital 
  Lars Narfeldt, Chief Operating Officer 
  Andrew Bolter, Chief Financial Officer 
 Canaccord Genuity Limited (Nominated Adviser 
  and Broker) 
  Bobbie Hilliam                                        [phone] 
  Alex Aylen                                                      8000 
 Bamburgh Capital Limited (Financial PR &               [phone] 
  Investor Relations)                                             7442 
  Murdo Montgomery                                [e-mail] 
 

About RA International

RA International is a leading provider of services to remote locations in Africa and the Middle East. The Company offers its services through three channels: construction, integrated facilities management and supply chain, and services three main client groups: humanitarian and aid agencies, governments and commercial customers, predominantly in the oil and gas and mining sectors. It has a strong customer base, largely comprising UN agencies, western governments and global corporations.

The Company 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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June 30, 2021 02:00 ET (06:00 GMT)