RA International Group PLC Contract Win (9512X)
August 16 2018 - 2:00AM
UK Regulatory
TIDMRAI
RNS Number : 9512X
RA International Group PLC
16 August 2018
16 August 2018
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company" and, together with its
subsidiaries, the "Group")
Contract Win
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 secured a significant, new five
year contract for the electrical works and construction of power
infrastructure for the United Nations Support Office ("UNSOS") and
African Union Mission in Somalia ("AMISOM") camps, both in
Somalia.
RA International will deliver a full end-to-end managed service
for the construction of power infrastructure, including the
installation of UN provided generators and fuel tanks, and the
provision of power distribution services to various facilities. The
total contract value is just over US$30 million and the works are
due to commence this autumn.
Soraya Narfeldt, CEO of RA International, commented: "We are
delighted to have secured this long-term contract for the
construction of power houses in Somalia.
"RA International has managed and completed power house projects
effectively in the past and it demonstrates great confidence in our
capabilities that we have been reselected as the preferred provider
by UNSOS and AMISOM for construction and support services for this
project.
"We very much look forward to building on our relationship with
the UNSOS and AMISOM over the years ahead. The Board remains
committed to the next phase of our development as we look to
capitalise on the exciting opportunities within our sector."
Enquiries:
RA International Group PLC Via IFC Advisory
Soraya Narfeldt, Chief Executive Officer
Lars Narfeldt, Chief Operating Officer
Andrew Bolter, Chief Financial Officer
Cenkos Securities PLC (Nominated Adviser and
Broker)
Beth McKiernan +44 (0)131 220
Derrick Lee 6939
IFC Advisory Limited (Financial PR & IR)
Tim Metcalfe
Heather Armstrong +44 (0)20 3934
Florence Chandler 6600
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
Background to the Company
RA International is a leading provider of services to remote
locations in Africa and the Middle East. It specialises in five
service verticals: construction; integrated facilities management;
operation and maintenance; accommodation; and supply chain
logistics. It has a strong 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.
END
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