REG - RA Intnl Group PLC - Board Changes

Ra InternationalAnnouncement

15/06/2023 07:00

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RNS Number : 7699C  RA International Group PLC  15 June 2023

RA INTERNATIONAL GROUP PLC

("RA International", "RA" or the "Company")

 

Board Changes

 

RA International Group PLC (AIM: RAI), a specialist provider of complex and
integrated remote site services to organisations globally, announces that it
has agreed with Andrew Bolter to bring forward the effective date when he
steps down from his role as Chief Financial Officer and Director of the Board
to 15 June 2023. On 6 March 2023, the Company announced that Andrew had
notified the Board of his intention to step down as a Director and CFO of the
Company.  David Marshall, currently Group Financial Controller, has been
appointed Interim CFO until such time as a permanent appointment is made. At
this stage, the role of Interim CFO will not be a Board position.

The Company also announces that following completion of the Company's AGM on
28 June 2023, Alec Carstairs and Philip Haydn-Slater intend to retire from the
Board of RAI and their positions as Non-Executive Directors of the Company
with effect from the end of the AGM.

Following these Board changes, the Board will comprise of Sangita Shah as
Chair of the Company, Paul Jaques as an Independent Non-Executive Director and
Soraya Narfeldt and Lars Narfeldt as Executive Directors, with Sangita and
Paul assuming the roles of members of the audit, remuneration and ESG
committees.

Sangita Shah, Chair, commented, "Alec and Philip have served on the board
since IPO. During their time they have discharged their responsibilities with
diligence, intelligence and steadfast commitment. It has been a genuine
pleasure to work alongside them and on behalf of the board and RAI I would
like to extend my sincere thanks for their hugely valued service and to wish
them the very best for the future. Following these board changes, RAI will
operate a streamlined Board, with a balance of executive and non-executive
directors maintaining oversight of the Company and effective corporate
governance."

Enquiries:

 

 RA International Group PLC                                         Via Bamburgh Capital

 Sangita Shah

 Canaccord Genuity Limited (Nominated Adviser and Broker)           +44 (0)207 523 8000

 Bobbie Hilliam

 Bamburgh Capital Limited (Financial PR & Investor Relations)       +44 (0)131 376 0901

 Murdo Montgomery                                                   investors@raints.com

 This announcement contains inside information.

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 two main client groups:
humanitarian and aid agencies and western government organisations focusing on
overseas projects. It has a strong customer base, largely comprising UN
agencies, UK and US government departments 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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