RA International Group PLC Long Term Incentive Plan and Grant of Awards (2957Y)
May 12 2021 - 2:00AM
UK Regulatory
TIDMRAI
RNS Number : 2957Y
RA International Group PLC
12 May 2021
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company")
Long Term Incentive Plan ("LTIP") and Grant of awards under
LTIP
RA International Group PLC (AIM: RAI), a specialist provider of
complex and integrated remote site services to Humanitarian,
Governmental and Commercial organisations globally, is pleased to
announce the establishment of a new LTIP and the grant of awards
under the LTIP for existing executive directors and senior
management.
The following table sets out the number of options granted under
the LTIP Plan on 10(th) May 2021 in the following quantities to the
following executive directors and other persons discharging
managerial responsibilities ("PDMR"):
Name of Director Options Granted Exercise Price per
Share
Soraya Narfeldt 602,040 GBP0.10
Lars Narfeldt 408,163 GBP0.10
Andrew Bolter 469,387 GBP0.10
Trevor Stratford 401,632 GBP0.10
William Warnock 370,285 GBP0.10
The key terms of the LTIP are summarised below:
-- Eligible participants have been granted performance share
awards in the form of nominal value options at the discretion of
the Remuneration Committee.
-- Awards granted to participants will be subject to a 2-year holding period.
-- Options may only ever be exercised over Vested Option Shares
pursuant to the terms of the LTIP. The options are subject to a
three year vesting period and performance conditions based on total
shareholder return, underlying EBITDA and Environmental, Social and
Governance ("ESG") criteria, with vesting usually occurring once
performance conditions are met.
-- Earlier vesting of options could occur if the option holder
ceased employment on good leaver terms as detailed within the LTIP
or if the Remuneration Committee considered it appropriate, on the
occurrence of a change of control or other major corporate
event.
-- It is envisaged that the awards will be settled in shares.
-- The aggregate market value of shares over which an award may
be made to any one employee (including any executive director)
within the Group on an annual basis shall not exceed 150% of such
employee's base salary.
Enquiries
RA International Group PLC Via Bamburgh
Soraya Narfeldt, Chief Executive Officer Capital
Lars Narfeldt, Chief Operating Officer
Andrew Bolter, Chief Financial Officer
Canaccord Genuity Limited (Nominated Adviser
and Broker)
Bobbie Hilliam +44 (0)207 523
Alex Aylen 8000
Bamburgh Capital Limited (Financial PR +44 (0)191 249
& Investor Relations) 7442
Murdo Montgomery investors@raints.com
The information contained in this notification is disclosed in
accordance with the requirements of Article 19 of the Market Abuse
Regulation.
1. Details of PDMR / person closely associated with them ('PCA')
a) Name Soraya Narfeldt
------------------------------------- ----------------------------------------------
b) Position / status Chief Executive Officer / PDMR
------------------------------------- ----------------------------------------------
c) Initial notification Initial
/amendment
------------------------------------- ----------------------------------------------
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 Ordinary shares of 10 pence each in the
the financial instrument Company
------------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of awards over ordinary shares under
the Company's LTIP
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
10 pence 602,040
d) Aggregated information
Aggregated volume N/A - as above
Price
------------------------------------- ----------------------------------------------
e) Date of the transaction 10 May 2021
------------------------------------- ----------------------------------------------
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 Initial
/amendment
------------------------------------- ----------------------------------------------
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 Ordinary shares of 10 pence each in the
the financial instrument Company
------------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of awards over ordinary shares under
the Company's LTIP
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
10 pence 408,163
d) Aggregated information
Aggregated volume N/A - as above
Price
------------------------------------- ----------------------------------------------
e) Date of the transaction 10 May 2021
------------------------------------- ----------------------------------------------
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 Initial
/amendment
------------------------------------- ----------------------------------------------
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 Ordinary shares of 10 pence each in the
the financial instrument Company
------------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of awards over ordinary shares under
the Company's LTIP
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
10 pence 469,387
d) Aggregated information
Aggregated volume N/A - as above
Price
------------------------------------- ----------------------------------------------
e) Date of the transaction 10 May 2021
------------------------------------- ----------------------------------------------
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 Initial
/amendment
------------------------------------- ----------------------------------------------
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 Ordinary shares of 10 pence each in the
the financial instrument Company
------------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of awards over ordinary shares under
the Company's LTIP
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
10 pence 401,632
d) Aggregated information
Aggregated volume N/A - as above
Price
------------------------------------- ----------------------------------------------
e) Date of the transaction 10 May 2021
------------------------------------- ----------------------------------------------
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 Initial
/amendment
------------------------------------- ----------------------------------------------
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 Ordinary shares of 10 pence each in the
the financial instrument Company
------------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of awards over ordinary shares under
the Company's LTIP
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
10 pence 370,285
d) Aggregated information
Aggregated volume N/A - as above
Price
------------------------------------- ----------------------------------------------
e) Date of the transaction 10 May 2021
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
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.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCDKDBPCBKDDPD
(END) Dow Jones Newswires
May 12, 2021 02:00 ET (06:00 GMT)
Ra (LSE:RAI)
Historical Stock Chart
From May 2024 to Jun 2024
Ra (LSE:RAI)
Historical Stock Chart
From Jun 2023 to Jun 2024