RA International Group PLC RA International Awarded Contract with FDC (1176Y)
07 May 2019 - 4:01PM
UK Regulatory
TIDMRAI
RNS Number : 1176Y
RA International Group PLC
07 May 2019
This announcement contains inside information.
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company" and, together with its
subsidiaries, the "Group")
Contract Award for US Embassy in Denmark
RA International Group PLC (AIM: RAI) is pleased to announce it
has been awarded a contract by Facilities Development Corporation
("FDC") to support the delivery of the Copenhagen Chancery Select
Improvement project, which is being carried out on behalf of the
Bureau of Overseas Buildings Operations ("OBO") who direct the
worldwide overseas building program for the U.S. Department of
State.
Under the terms of the contract, RA International will provide
construction services in connection with the refurbishment and
upgrade of the U.S. Embassy in Denmark (the "U.S. Embassy
Contract"). The works are due to commence in the second quarter of
2019 and are expected to complete in late 2021.
The nature and geographical location of the services being
provided under the U.S. Embassy Contract are expected to lead to a
lower margin being generated than the Company would typically earn
on this type of project in remote locations. The Board believes,
however, that successful delivery of this contract will be another
clear demonstration of RA International's ability to execute
significant and high-profile projects.
Soraya Narfeldt, CEO of RA International, commented: "We are
honoured to have been awarded this contract by FDC and to continue
our relationship with the United States Government. The location
and structure of this project are quite different from our standard
contracts, but we are confident that working alongside FDC, an OBO
contractor with 30+ years of experience, and with our local
partners, this will be a successful project and will lead to
further opportunities in the future.
"This contract award not only demonstrates our capabilities and
proven track record of managing and delivering complex projects but
also underlines RA International's growing reputation within the
industry to have been selected by FDC for this U.S. Embassy
project."
* * * * *
Enquiries:
RA International Group PLC Via Hudson Sandler
Soraya Narfeldt, Chief Executive Officer
Lars Narfeldt, Chief Operating Officer
Andrew Bolter, Chief Financial Officer
Cenkos Securities PLC (Nominated Adviser
and Broker)
Beth McKiernan +44 (0)131 220
Derrick Lee 6939
Hudson Sandler LLP (Financial PR & IR) +44 (0)207 796
Daniel de Belder 4133
Nelly Akpaka rainternational@hudsonsandler.com
About RA International
RA International is a leading provider of services in remote
locations across Africa and the Middle East. It specialises in
three service verticals: construction; integrated facilities
management; and supply chain. It has a strong and loyal customer
base, largely comprising UN agencies, western governments, and
global corporations.
The Group provides comprehensive, flexible, mission-critical
support to its clients enabling them to focus on the delivery of
their respective businesses and services. RA International's focus
on integrity and values alongside on-going investment in 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.
END
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