leadf
logo-loader
RNS
viewRA International

RA Intnl Group PLC - Completion of Buyback Programme

RNS Number : 3993Y
RA International Group PLC
09 September 2020
 

9 September 2020

 

This announcement contains inside information

 

RA INTERNATIONAL GROUP PLC

("RA International" or the "Company")

 

Completion of Buyback Programme

 

RA International Group PLC (AIM: RAI), a leading provider of services to remote locations in Africa and the Middle East, confirms that further to the share buyback programme announced on 8 June 2020 (the "Buyback Programme"), the Company has purchased 743,000 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 57.211 pence each.  The Ordinary Shares were purchased on behalf of the Company by its broker Cenkos Securities plc and will be held in treasury.  

Date of purchase:

8 September 2020

Number of Ordinary Shares purchased (aggregated volume):

743,000

Price paid per Ordinary Share (£):

£0.57211

Venue where Ordinary Shares are traded

London Stock Exchange (AIM)

The Buyback Programme was implemented to provide the Company with a pool of Ordinary Shares which can primarily be used to incentivise and retain key Directors, officers and staff, who are critical to enhancing the future market value of the Company. Having now reached the budgeted amount for the Buyback Programme, the Board has elected to conclude the Buyback Programme with immediate effect.

Following the conclusion of the Buyback Programme, the total number of Ordinary Shares in issue and admitted to trading on AIM will remain at 173,575,741, comprising 3,868,000 Ordinary Shares held in treasury and 169,707,741 Ordinary Shares with voting rights. The figure of 169,707,741 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

Cenkos Securities PLC (Nominated Adviser and Broker)

Derrick Lee

Peter Lynch

 

+44 (0)131 220 6939

Bamburgh Capital Limited (Financial PR & Investor Relations)

Murdo Montgomery

 

+44 (0)191 229 9500

investors@raints.com

 

 

 

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
POSEAENPEFLEEAA

Quick facts: RA International

Price: -

Market: AIM
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

4 min read