RA International Group PLC Cancellation of LTIP Options (8988M)
May 26 2022 - 2:02AM
UK Regulatory
TIDMRAI
RNS Number : 8988M
RA International Group PLC
26 May 2022
26 May 2022
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company")
Cancellation of LTIP Options
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
it has agreed to cancel grants announced on 12 May 2021 under its
Long Term Incentive Plan ("LTIP"). The cancellation affects certain
Directors, PDMRs and employees.
The following table sets out the number of options previously
granted to the following executive directors and other persons
discharging managerial responsibilities ("PDMR") that have been
cancelled:
Name of Director / PDMR Options Cancelled
Soraya Narfeldt 602,040
Lars Narfeldt 408,163
Andrew Bolter 469,387
Trevor Stratford 401,632
William Warnock 370,285
The Company believes the grants made under the LTIP no longer
align the interests of employees and shareholders and the
Remuneration Committee will look to put in place a more appropriate
incentive scheme moving forward. The Company will inform the market
of the new scheme at the relevant time.
Enquiries:
RA International Group PLC Via Bamburgh Capital
Soraya Narfeldt, Chief Executive Officer
Lars Narfeldt, Chief Operating Officer
Andrew Bolter, Chief Financial Officer
Canaccord Genuity Limited (Nominated
Adviser and Broker)
Bobbie Hilliam
Alex Aylen +44 (0)207 523 8000
Bamburgh Capital Limited (Financial PR +44 (0)191 249 7442
& Investor Relations) investors@raints.com
Murdo Montgomery
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 notification
/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 Company
instrument
------------------------------------- -----------------------------------------------
b) Nature of the Cancellation of awards over ordinary shares
transaction under the Company's LTIP
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
- 602,040
d) Aggregated information
Aggregated volume N/A
Price
------------------------------------- -----------------------------------------------
e) Date of the transaction 26 May 2022
------------------------------------- -----------------------------------------------
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 notification
/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 Cancellation of awards over ordinary shares
under the Company's LTIP
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
- 408,163
d) Aggregated information
Aggregated volume N/A
Price
------------------------------------- -----------------------------------------------
e) Date of the transaction 26 May 2022
------------------------------------- -----------------------------------------------
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 notification
/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 Cancellation of awards over ordinary shares
under the Company's LTIP
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
- 469,387
d) Aggregated information
Aggregated volume N/A
Price
------------------------------------- -----------------------------------------------
e) Date of the transaction 26 May 2022
------------------------------------- -----------------------------------------------
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 notification
/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 Cancellation of awards over ordinary shares
under the Company's LTIP
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
- 401,632
d) Aggregated information
Aggregated volume N/A
Price
------------------------------------- -----------------------------------------------
e) Date of the transaction 26 May 2022
------------------------------------- -----------------------------------------------
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 notification
/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 Cancellation of awards over ordinary shares
under the Company's LTIP
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
- 370,285
d) Aggregated information
Aggregated volume N/A
Price
------------------------------------- -----------------------------------------------
e) Date of the transaction 26 May 2022
------------------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- -----------------------------------------------
About RA International
RA International is a leading provider of services to remote
locations. 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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