REG - RA Intnl Group PLC - Transaction in Own Shares and Total Voting Rights

Ra InternationalAnnouncement

13/05/2024 16:45

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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                                            Via Strand Hanson

 Sangita Shah, Chair

 Soraya Narfeldt, Chief Executive Officer

 Strand Hanson Limited (Nominated & Financial Adviser and Broker)      +44 (0) 20 7409 3494

 Ritchie Balmer / James Spinney / David Asquith

 

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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