TIDMRAI
RNS Number : 2084B
RA International Group PLC
08 June 2021
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company")
Results of the Annual General Meeting
RA International Group PLC (AIM: RAI), a specialist provider of
complex and integrated remote site services to Humanitarian,
Governmental and Commercial organisations globally , announces that
all resolutions put to the Shareholders at the Annual General
Meeting of the Company held earlier today were duly passed.
AGM Resolutions
Resolutions 1 to 7 were proposed as ordinary resolutions.
Resolutions 8 to 10 were proposed as special resolutions. The proxy
votes cast prior to the meeting were as follows:
Eligible votes 171,662,973
Voted total (incl all validly made proxy votes) 152,950,865
------------
Voted total (%) 89.10
------------
RESOLUTIONS Votes For % Votes Against % Votes Cast Votes
withheld
1. To receive
and adopt the
annual accounts
for the year
ended 31 December
2020. 152,943,492 100.00 0 0.00 152,943,492 7,373
------------ ------- -------------- ----- ------------ ----------
2. To reappoint
Ernst & Young
LLP as auditors
of the company. 152,901,476 99.97 43,843 0.03 152,945,319 5,546
------------ ------- -------------- ----- ------------ ----------
3. To authorise
the directors
to fix the remuneration
of the auditors. 152,907,889 99.97 38,470 0.03 152,946,359 4,506
------------ ------- -------------- ----- ------------ ----------
4. To re-appoint
Sangita Shah
as a director. 152,944,814 100.00 1,545 0.00 152,946,359 4,506
------------ ------- -------------- ----- ------------ ----------
5. To re-appoint
Alec Carstairs
as a director. 152,946,161 100.00 198 0.00 152,946,359 4,506
------------ ------- -------------- ----- ------------ ----------
6. To declare
a final dividend. 152,950,865 100.00 0 0.00 152,950,865 0
------------ ------- -------------- ----- ------------ ----------
7. To confer
on the Directors
authority to
allot securities
in accordance
with Section
551 of the Companies
Act 2006. 152,941,984 100.00 1,696 0.00 152,943,680 7,185
------------ ------- -------------- ----- ------------ ----------
8. To confer
on the Directors
power to allot
securities under
a disapplication
of Section 561
of the Companies
Act 2006. 148,869,637 97.34 4,074,043 2.66 152,943,680 7,185
------------ ------- -------------- ----- ------------ ----------
9. To authorise
the Company
to make market
purchases of
its own shares
for the purposes
of Sections
693 and 701
of the Companies
Act 2006. 152,949,518 100.00 1,347 0.00 152,950,865 0
------------ ------- -------------- ----- ------------ ----------
10. To adopt
new articles
of association. 152,945,492 100.00 867 0.00 152,946,359 4,506
------------ ------- -------------- ----- ------------ ----------
A vote withheld is not a vote in law and is not counted in the
calculation of the percentage of shares voted "For" and "Against"
any resolution.
The Company notes it received 4,074,043 votes against Resolution
8. Although this was less than 3% of the total votes cast, the
board acknowledges that it is more than 20% of the independent
votes cast in respect of Resolution 8. The board, through its
advisors, has been in consultation with the largest shareholder
voting against this resolution and understand that the requested
authority to allot up to 20% of the Company's issued share capital,
without the need to hold a shareholder meeting, or to first offer
them to existing shareholders, was not something they were
comfortable with.
As highlighted in the AGM Notice, RA International does not have
any intention at the moment to utilise this authority, but it was
requested to maintain future financial flexibility. The board
continues to believe that it is in the best interests of RA
International at this stage of the Company's journey. However, the
board will keep the level of this authority under review and
continue to bear in mind the views of shareholders in the
utilization of these share authorities.
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
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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