REG - RA Intnl Group PLC - Cancellation of LTIP Options

Ra InternationalAnnouncement

26/05/2022 07:15

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RNS Number : 8988M  RA International Group PLC  26 May 2022

26 May 2022

RA INTERNATIONAL GROUP PLC

 

("RA International" or the "Company")

 

Cancellation of LTIP Options

 

RA International Group PLC (AIM: RAI), a specialist provider of complex and
integrated remote site services to Humanitarian, Governmental and Commercial
organisations globally, announces that it has agreed to cancel grants
announced on 12 May 2021 under its Long Term Incentive Plan ("LTIP"). The
cancellation affects certain Directors, PDMRs and employees.

The following table sets out the number of options previously granted to the
following executive directors and other persons discharging managerial
responsibilities ("PDMR") that have been cancelled:

 Name of Director / PDMR  Options Cancelled
 Soraya Narfeldt          602,040
 Lars Narfeldt            408,163
 Andrew Bolter            469,387
 Trevor Stratford         401,632
 William Warnock          370,285

The Company believes the grants made under the LTIP no longer align the
interests of employees and shareholders and the Remuneration Committee will
look to put in place a more appropriate incentive scheme moving forward. The
Company will inform the market of the new scheme at the relevant time.

 Enquiries:

 

 RA International Group PLC                                         Via Bamburgh Capital

 Soraya Narfeldt, Chief Executive Officer

 Lars Narfeldt, Chief Operating Officer

 Andrew Bolter, Chief Financial Officer

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

 Bobbie Hilliam

 Alex Aylen

 Bamburgh Capital Limited (Financial PR & Investor Relations)       +44 (0)191 249 7442

 Murdo Montgomery                                                   investors@raints.com (mailto:rainternational@hudsonsandler.com)

 

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Soraya Narfeldt
 b)  Position / status                        Chief Executive Officer / PDMR
 c)  Initial notification /amendment          Initial notification
 2.  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  Ordinary shares of 10 pence each in the Company
 b)  Nature of the transaction                Cancellation of awards over ordinary shares under the Company's LTIP
 c)  Price(s) and volume(s)                   Price(s)                             Volume(s)
     -                                                                             602,040
 d)  Aggregated information

     Aggregated volume                        N/A

     Price
 e)  Date of the transaction                  26 May 2022
 f)  Place of the transaction                 London Stock Exchange, AIM

 

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Lars Narfeldt
 b)  Position / status                        Chief Operating Officer / PDMR
 c)  Initial notification /amendment          Initial notification
 2.  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  Ordinary shares of 10 pence each in the Company
 b)  Nature of the transaction                Cancellation of awards over ordinary shares under the Company's LTIP
 c)  Price(s) and volume(s)                   Price(s)                             Volume(s)
     -                                                                             408,163
 d)  Aggregated information

     Aggregated volume                        N/A

     Price
 e)  Date of the transaction                  26 May 2022
 f)  Place of the transaction                 London Stock Exchange, AIM

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Andrew Bolter
 b)  Position / status                        Chief Financial Officer / PDMR
 c)  Initial notification /amendment          Initial notification
 2.  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  Ordinary shares of 10 pence each in the Company
 b)  Nature of the transaction                Cancellation of awards over ordinary shares under the Company's LTIP
 c)  Price(s) and volume(s)                   Price(s)                             Volume(s)
     -                                                                             469,387
 d)  Aggregated information

     Aggregated volume                        N/A

     Price
 e)  Date of the transaction                  26 May 2022
 f)  Place of the transaction                 London Stock Exchange, AIM

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Trevor Stratford
 b)  Position / status                        Business Development Director and PDMR
 c)  Initial notification /amendment          Initial notification
 2.  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  Ordinary shares of 10 pence each in the Company
 b)  Nature of the transaction                Cancellation of awards over ordinary shares under the Company's LTIP
 c)  Price(s) and volume(s)                   Price(s)                             Volume(s)
     -                                                                             401,632
 d)  Aggregated information

     Aggregated volume                        N/A

     Price
 e)  Date of the transaction                  26 May 2022
 f)  Place of the transaction                 London Stock Exchange, AIM

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     William Warnock
 b)  Position / status                        Director of US Business Development and PDMR
 c)  Initial notification /amendment          Initial notification
 2.  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  Ordinary shares of 10 pence each in the Company
 b)  Nature of the transaction                Cancellation of awards over ordinary shares under the Company's LTIP
 c)  Price(s) and volume(s)                   Price(s)                             Volume(s)
     -                                                                             370,285
 d)  Aggregated information

     Aggregated volume                        N/A

     Price
 e)  Date of the transaction                  26 May 2022
 f)  Place of the transaction                 London Stock Exchange, AIM

 

 

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 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.

 

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