RA International Group PLC Major New Contract Award (9796V)
August 13 2020 - 2:00AM
UK Regulatory
TIDMRAI
RNS Number : 9796V
RA International Group PLC
13 August 2020
This announcement contains inside information
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company")
Major new contract award
RA International Group PLC (AIM: RAI), a leading provider of
services to remote locations in Africa and the Middle East, is
pleased to announce the award of a significant contract .
The contract, with a new global client, a large engineering and
construction firm focused on the oil and gas sector, will run for a
period of two years with an approximate contract value of USD 60
million over this period. Under the terms of the contract, RA
International will provide integrated facilities management (IFM)
services in Southern Africa. The nature of the contract is that
activity will ramp up over time, with full service provision
expected to begin shortly before the first anniversary of contract
award.
This contract award supports a significant increase in order
book to USD 188 million.
Soraya Narfeldt, CEO of RA International, commented: "This is an
important contract win for RA International that underlines the
strengths of our business and our growing reputation for managing
and delivering large, complex projects for commercial clients in
the energy sector. It is testament to our capability to provide a
full service offering to our clients' personnel, to the value of
our long-term, strategic approach to planning and to our focus on
delivering resourceful solutions for clients notwithstanding
COVID-19 and project specific challenges."
Enquiries:
RA International Group PLC Via Bamburgh
Soraya Narfeldt, Chief Executive Officer Capital
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
Bamburgh Capital Limited (Financial PR & +44 (0)191 229
Investor Relations) 9500
Murdo Montgomery investors@raints.com
About RA International
RA International is a leading provider of services to remote
locations in Africa and the Middle East. 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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END
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