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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 - New USD 15.6m Task Order with IAP

Fri 3rd April, 2020 7:00am
RNS Number : 6634I
RA International Group PLC
03 April 2020
 

3 April 2020

This announcement contains inside information

 

 

RA INTERNATIONAL GROUP PLC

("RA International" or the "Company")

 

 

Additional Task Order from IAP for up to USD 15.6 million

 

RA International Group PLC (AIM: RAI), a leading provider of services to remote locations in Africa and the Middle East, is pleased to announce that it has signed a further task order with IAP Worldwide Services, Inc ("IAP") for the provision of supply chain services.

RA International and IAP signed a Master Service Agreement ("MSA") in March 2019 under which the Company is to provide supply chain services to IAP on a global scale. This is the second Task Order placed under the MSA and under the terms of the order RA International will provide services in an African country for a total value of up to USD 15.6 million. This order, which has already commenced, is currently anticipated to run until April 2023.

Soraya Narfeldt, CEO of RA International, commented: "We are excited to be working with IAP on another important project and based on previous work for this client, we believe our team is well placed to deliver on their requirements. This continued partnership is a true testament to our highly skilled and trusted teams and the quality of our service."

 

* * * * *

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 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.

 

About IAP

 

A leading international services company for more than 65 years, IAP provides a broad spectrum of services and solutions to U.S. and international government agencies, and organizations. IAP leverages and integrates its capabilities to provide safe, innovative, and reliable solutions to meet customers' diverse and complex challenges. With 2,700 team members, IAP operates in more than 110 locations in 27 countries and maintains offices in the Washington D.C. area, Florida, Maryland, Oklahoma, the United Kingdom, and the Middle East. Learn more at www.iapws.com.

 


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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