RA INTERNATIONAL GROUP PLC
("RA International" or the "Company")
Director/PDMR Shareholding
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 transferred to Andrew Bolter 698,566 ordinary shares of 10 pence each ("Ordinary Shares") for an aggregate consideration of £1. The Ordinary Shares are being transferred out of treasury.
The Remuneration Committee of the Company has resolved to transfer the Ordinary Shares to Mr Bolter in recognition of his service to date with the Company and the ongoing value of his contribution to the Company. Mr Bolter has agreed to a one year holding period for the Ordinary Shares.
Following the issue of the Ordinary Shares, the Remuneration Committee and Mr Bolter have agreed to cancel 1,304,347 options over Ordinary Shares previously granted to him at the time of the Company IPO in June 2018.
Following the transfer and cancellation, Mr Bolter has a total shareholding in the Company of 2,110,627 Ordinary Shares, representing 1.2 per cent. of the current issued share capital.
The Company also confirms a further 760,869 Ordinary Shares were transferred out of treasury in settlement of remuneration to a senior employee of the Company. Following this transfer, and the transfer to Mr Bolter as set out above, the Company no longer holds any Ordinary Shares in treasury.
Following the transfers, the total number of Ordinary Shares in issue and admitted to trading on AIM will remain at 173,575,741, comprising 0 (zero) Ordinary Shares held in treasury and 173,575,741 Ordinary Shares with voting rights. The figure of 173,575,741 Ordinary Shares should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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)131 376 0901 |
| 1. | Details of PDMR / person closely associated with them ('PCA') | ||
| a) | Name | Andrew Bolter | |
| 2. | Reason for the Notification | ||
| a) | Position / status | Chief Financial Officer | |
| b) | Initial notification /amendment | Initial notification | |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | RA International Group plc | |
| b) | LEI | 213800N6RTATELJU6797 | |
| 4. | 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 | |
| Identification code | RAI GB00BDZV6W26 | ||
| b) | Nature of the transaction | Award of Ordinary Shares
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| - | 698,566 | ||
| d) | Aggregated information Aggregated volume Price |
698,566 £1 | |
| e) | Date of the transaction | 25 July 2022 | |
| f) | Place of the transaction | Off market | |
| 1. | Details of PDMR / person closely associated with them ('PCA') | ||
| a) | Name | Andrew Bolter | |
| 2. | Reason for the Notification | ||
| a) | Position / status | Chief Financial Officer | |
| b) | Initial notification /amendment | Initial notification | |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | RA International Group plc | |
| b) | LEI | 213800N6RTATELJU6797 | |
| 4. | 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 | |
| Identification code | RAI GB00BDZV6W26 | ||
| b) | Nature of the transaction | Cancellation of options over Ordinary Shares
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| - | 1,304,347 | ||
| d) | Aggregated information Aggregated volume Price |
1,304,347 N/A | |
| e) | Date of the transaction | 25 July 2022 | |
| f) | Place of the transaction | Off market | |
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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