RA International Group PLC FCA moratorium on publication of results (4647H)
March 25 2020 - 3:00AM
UK Regulatory
TIDMRAI
RNS Number : 4647H
RA International Group PLC
25 March 2020
25 March 2020
This announcement contains inside information
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company" and, together with its
subsidiaries, the "Group")
FCA moratorium on publication of financial statements
RA International Group PLC (AIM: RAI), a leading provider of
services to remote locations in Africa and the Middle East,
announces today that it will be complying with the recommendation
from the Financial Conduct Authority ("FCA") that all listed
companies delay the publication of financial results for at least
two weeks.
This request by the FCA was a market-wide communication as a
precautionary mechanism to assist audit sign-off processes amidst
the Coronavirus pandemic. A link to the FCA's announcement is
below:
https://www.fca.org.uk/news/statements/fca-requests-delay-forthcoming-announcement-preliminary-financial-accounts
, and FRC's announcement here
https://www.frc.org.uk/news/march-2020-(1)/frc-supports-moratorium-in-corporate-reporting
In line with previous guidance, the Company expects to be
slightly ahead of full year revenue expectations, with
profitability broadly in line with expectations.
RA International's FY 2019 Results are now expected to be
announced in accordance with further guidance from the FCA.
* * * * *
Enquiries:
RA International Group PLC Via Hudson Sandler
Soraya Narfeldt, Chief Executive Officer
Lars Narfeldt, Chief Operating Officer
Andrew Bolter, Chief Financial Officer
Cenkos Securities PLC (Nominated Adviser
and Broker)
Derrick Lee +44 (0)131 220
Peter Lynch 6939
Hudson Sandler LLP (Financial PR & IR) +44 (0)207 796
Daniel de Belder 4133
Bertie Berger rainternational@hudsonsandler.com
About RA International
RA International is a leading provider of services in remote
locations across Africa and the Middle East. It specialises in
three service channels: construction; integrated facilities
management; and supply chain. It has a strong and loyal 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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