RA International Group PLC Board Changes (7699C)
June 15 2023 - 2:00AM
UK Regulatory
TIDMRAI
RNS Number : 7699C
RA International Group PLC
15 June 2023
RA INTERNATIONAL GROUP PLC
("RA International", "RA" or the "Company")
Board Changes
RA International Group PLC (AIM: RAI), a specialist provider of
complex and integrated remote site services to organisations
globally, announces that it has agreed with Andrew Bolter to bring
forward the effective date when he steps down from his role as
Chief Financial Officer and Director of the Board to 15 June 2023.
On 6 March 2023, the Company announced that Andrew had notified the
Board of his intention to step down as a Director and CFO of the
Company. David Marshall, currently Group Financial Controller, has
been appointed Interim CFO until such time as a permanent
appointment is made. At this stage, the role of Interim CFO will
not be a Board position.
The Company also announces that following completion of the
Company's AGM on 28 June 2023, Alec Carstairs and Philip
Haydn-Slater intend to retire from the Board of RAI and their
positions as Non-Executive Directors of the Company with effect
from the end of the AGM.
Following these Board changes, the Board will comprise of
Sangita Shah as Chair of the Company, Paul Jaques as an Independent
Non-Executive Director and Soraya Narfeldt and Lars Narfeldt as
Executive Directors, with Sangita and Paul assuming the roles of
members of the audit, remuneration and ESG committees.
Sangita Shah, Chair, commented, "Alec and Philip have served on
the board since IPO. During their time they have discharged their
responsibilities with diligence, intelligence and steadfast
commitment. It has been a genuine pleasure to work alongside them
and on behalf of the board and RAI I would like to extend my
sincere thanks for their hugely valued service and to wish them the
very best for the future. Following these board changes, RAI will
operate a streamlined Board, with a balance of executive and
non-executive directors maintaining oversight of the Company and
effective corporate governance."
Enquiries:
RA International Group PLC Via Bamburgh
Sangita Shah Capital
Canaccord Genuity Limited (Nominated Adviser
and Broker) +44 (0)207 523
Bobbie Hilliam 8000
Bamburgh Capital Limited (Financial PR +44 (0)131 376
& Investor Relations) 0901
Murdo Montgomery investors@raints.com
This announcement contains inside information.
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 two main client groups: humanitarian and aid agencies
and western government organisations focusing on overseas projects.
It has a strong customer base, largely comprising UN agencies, UK
and US government departments 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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