Issuance of Share Options and Restricted Shares
20/10/2020 07:00
RNS Number : 6226C
RA International Group PLC
20 October 2020
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company")
Issuance of Share Options and Restricted Shares
RA International Group PLC (AIM: RAI), a specialist provider of support services to many of the world's largest Humanitarian, Governmental and Commercial organisations, has issued a total of 1,843,047 share options (the "Options") over ordinary shares of 10p each (the "Ordinary Shares") to certain employees of the Company. The Options will vest in stages over the next three years, with the first tranche vesting on 1st May 2021.
The Company has also agreed to issue a total of 1,840,449 restricted Ordinary Shares (the "Restricted Shares") to senior members of staff, including certain persons discharging managerial responsibilities, as detailed below. The Restricted Shares will be subject to a six month lock-in from the date of issue, during which they cannot be sold or transferred.
Ordinary Shares issued pursuant to the award of the Restricted Shares will be satisfied from the pool of Ordinary Shares currently held in treasury. It is intended that Ordinary Shares issued pursuant to the exercise of the Options will also be satisfied from the pool of Ordinary Shares held in treasury.
Following the issue of the Restricted Shares, the total number of Ordinary Shares in issue and admitted to trading on AIM will remain at 173,575,741, comprising 2,027,551 Ordinary Shares held in treasury and 171,548,190 Ordinary Shares with voting rights. The figure of 171,548,190 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)191 249 7442 investors@raints.com |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Andrew Bolter | ||||
| 2 | Reason for notification | |||||
| a) | Position/Status | Chief Financial Officer and PDMR | ||||
| 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, type of instrument Identification code | Ordinary Shares of 10 pence each RAI | ||||
| b) | Nature of the transaction | Award of Restricted Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | 512,061 Ordinary Shares Nil | ||||
| e) | Date of the transactions | 19 October 2020 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | William Warnock | ||||
| 2 | Reason for notification | |||||
| a) | Position/Status | Director of US Business Development and PDMR | ||||
| 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, type of instrument Identification code | Ordinary Shares of 10 pence each RAI | ||||
| b) | Nature of the transaction | Award of Restricted Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | 816,327 Ordinary Shares Nil | ||||
| e) | Date of the transactions | 19 October 2020 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Trevor Stratford | ||||
| 2 | Reason for notification | |||||
| a) | Position/Status | Business Development Director and PDMR | ||||
| 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, type of instrument Identification code | Ordinary Shares of 10 pence each RAI | ||||
| b) | Nature of the transaction | Award of Restricted Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | 512,061 Ordinary Shares Nil | ||||
| e) | Date of the transactions | 19 October 2020 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM |