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RAI - RA International News Story

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Last Trade - 07/08/20

Sector
Industrials
Size
Small Cap
Market Cap £79.0m
Enterprise Value £64.8m
Revenue £52.9m
Position in Universe 1012th / 1819

RA Intnl Group PLC - FCA moratorium on publication of results

Wed 25th March, 2020 7:00am
RNS Number : 4647H
RA International Group PLC
25 March 2020
 

25 March 2020

 This announcement contains inside information

 

RA INTERNATIONAL GROUP PLC

("RA International" or the "Company" and, together with its subsidiaries, the "Group")

 

 

FCA moratorium on publication of financial statements

RA International Group PLC (AIM: RAI), a leading provider of services to remote locations in Africa and the Middle East, announces today that it will be complying with the recommendation from the Financial Conduct Authority ("FCA") that all listed companies delay the publication of financial results for at least two weeks. 

This request by the FCA was a market-wide communication as a precautionary mechanism to assist audit sign-off processes amidst the Coronavirus pandemic. A link to the FCA's announcement is below: 

https://www.fca.org.uk/news/statements/fca-requests-delay-forthcoming-announcement-preliminary-financial-accounts, and FRC's announcement here https://www.frc.org.uk/news/march-2020-(1)/frc-supports-moratorium-in-corporate-reporting

In line with previous guidance, the Company expects to be slightly ahead of full year revenue expectations, with profitability broadly in line with expectations.

RA International's FY 2019 Results are now expected to be announced in accordance with further guidance from the FCA.                        

 

* * * * *

Enquiries:

RA International Group PLC

Soraya Narfeldt, Chief Executive Officer

Lars Narfeldt, Chief Operating Officer

Andrew Bolter, Chief Financial Officer

 

Via Hudson Sandler

Cenkos Securities PLC (Nominated Adviser and Broker)

Derrick Lee

Peter Lynch

 

+44 (0)131 220 6939

Hudson Sandler LLP (Financial PR & IR)

Daniel de Belder

Bertie Berger

 

+44 (0)207 796 4133

rainternational@hudsonsandler.com

 

About RA International 

RA International is a leading provider of services in remote locations across Africa and the Middle East. It specialises in three service channels: construction; integrated facilities management; and supply chain. It has a strong and loyal customer base, largely comprising UN agencies, western governments 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. RA International's focus on integrity and values alongside on-going investment in 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.
 
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