RNS Number : 8988M
RA International Group PLC
26 May 2022
 

26 May 2022


RA INTERNATIONAL GROUP PLC

 

("RA International" or the "Company")

 

Cancellation of LTIP Options

 

RA International Group PLC (AIM: RAI), a specialist provider of complex and integrated remote site services to Humanitarian, Governmental and Commercial organisations globally, announces that it has agreed to cancel grants announced on 12 May 2021 under its Long Term Incentive Plan ("LTIP"). The cancellation affects certain Directors, PDMRs and employees.

The following table sets out the number of options previously granted to the following executive directors and other persons discharging managerial responsibilities ("PDMR") that have been cancelled:

Name of Director / PDMR

Options Cancelled


Soraya Narfeldt

602,040


Lars Narfeldt

408,163


Andrew Bolter

469,387


Trevor Stratford

401,632


William Warnock

370,285


The Company believes the grants made under the LTIP no longer align the interests of employees and shareholders and the Remuneration Committee will look to put in place a more appropriate incentive scheme moving forward. The Company will inform the market of the new scheme at the relevant time.

 Enquiries:

 

RA International Group PLC

Soraya Narfeldt, Chief Executive Officer

Lars Narfeldt, Chief Operating Officer

Andrew Bolter, Chief Financial Officer

 

Via Bamburgh Capital

Canaccord Genuity Limited (Nominated Adviser and Broker)

Bobbie Hilliam

Alex Aylen

 

+44 (0)207 523 8000

Bamburgh Capital Limited (Financial PR & Investor Relations)

Murdo Montgomery

+44 (0)191 249 7442

investors@raints.com

 

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Soraya Narfeldt

b)

Position / status

Chief Executive Officer / PDMR

c)

Initial notification /amendment

Initial notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary shares of 10 pence each in the Company

b)

Nature of the transaction

Cancellation of awards over ordinary shares under the Company's LTIP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

-

602,040

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

26 May 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Lars Narfeldt

b)

Position / status

Chief Operating Officer / PDMR

c)

Initial notification /amendment

Initial notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary shares of 10 pence each in the Company

b)

Nature of the transaction

Cancellation of awards over ordinary shares under the Company's LTIP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

-

408,163

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

26 May 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Andrew Bolter

b)

Position / status

Chief Financial Officer / PDMR

c)

Initial notification /amendment

Initial notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary shares of 10 pence each in the Company

b)

Nature of the transaction

Cancellation of awards over ordinary shares under the Company's LTIP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

-

469,387

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

26 May 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Trevor Stratford

b)

Position / status

Business Development Director and PDMR

c)

Initial notification /amendment

Initial notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary shares of 10 pence each in the Company

b)

Nature of the transaction

Cancellation of awards over ordinary shares under the Company's LTIP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

-

401,632

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

26 May 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

William Warnock

b)

Position / status

Director of US Business Development and PDMR

c)

Initial notification /amendment

Initial notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary shares of 10 pence each in the Company

b)

Nature of the transaction

Cancellation of awards over ordinary shares under the Company's LTIP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

-

370,285

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

26 May 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 

About RA International  

RA International is a leading provider of services to remote locations. 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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