REG - RA Intnl Group PLC - Secondary Trading Following Cancellation

Ra InternationalAnnouncement

10/03/2025 18:15

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RNS Number : 0835A  RA International Group PLC  10 March 2025

10 March 2025

 

RA INTERNATIONAL GROUP PLC

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

 

Secondary Trading on Asset Match Following Cancellation

 

RA International Group PLC (AIM: RAI), a specialist provider of complex and
integrated remote site services to organisations globally, announces details
of the secondary market trading facility that will be in place following the
cancellation of trading on AIM of its Ordinary shares ("Cancellation"),
following approval by shareholders at the General Meeting held on 28th
February 2025. The Cancellation will take effect from 7.00 a.m. on 11th March
2025.

The Company has now appointed Asset Match to facilitate trading in the
Ordinary Shares following Cancellation. Asset Match, a firm authorised and
regulated by the Financial Conduct Authority (FRN 579310), will operate an
electronic off-market dealing facility for the Ordinary Shares. This facility
will allow existing holders of Ordinary Shares in the Company ("Shareholders")
and new investors to trade Ordinary Shares by matching buyers and sellers
through periodic auctions.

Investors are encouraged to register on www.assetmatch.com and add RA
International to their 'Watchlist' to continue to receive Company updates and
auction/price information.

The Secondary Market Trading Facility is expected (but is not certain) to
operate for a minimum of 12 months after the Cancellation. The Directors'
current intention is that it will continue beyond that time, but Shareholders
should note that it could be withdrawn and therefore inhibit the ability to
trade the Ordinary Shares.

The Asset Match trading facility operates under its own code of practice which
governs the behaviour of participants and the running of the periodic
auctions. Asset Match operates an open auction system where volumes of bids
and offers at different prices are displayed on its website together with the
closing date of the auction. At the end of each auction period, Asset Match
passes this information through a non-discretionary algorithm that determines
a "market-derived" share price based on supply and demand and allocates
transactions accordingly. Bids and offers may be made and withdrawn at any
time before the closing date of each auction.

Shareholders will continue to be able to hold their shares in uncertificated
form (i.e. in CREST) and should check with their existing stockbroker whether
they are willing or able to trade in unquoted shares. Shareholders wishing to
trade shares through Asset Match must do so through a stockbroker. A
comprehensive list of stockbrokers who have signed up to access the Asset
Match platform is available on request.

Full details will be made available to Shareholders on the Company's website
at https://ragrpplc.co.uk and directly by letter or e-mail (where
appropriate). Shareholders may contact Asset Match in relation to any queries
regarding trading via the secondary market trading facility by emailing
dealing@assetmatch.com.

 

Enquiries:

 RA International Group PLC

 Soraya Narfeldt, Chief Executive Officer

 Strand Hanson Limited (Nominated & Financial Adviser and Broker)      +44 (0) 20 7409 3494

 Ritchie Balmer / James Spinney / David Asquith

 Asset Match Limited                                                   +44 (0) 20 7248 2788

Ben Weaver / Hannah Woodley

About RA International

RA International is a leading provider of services to remote locations. The
Group 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 Group 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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