10 March 2025
RA INTERNATIONAL GROUP
PLC
("RA
International", "RA" or the "Company")
Secondary Trading on Asset
Match Following Cancellation
RA International Group PLC (AIM:
RAI), a specialist provider of complex and integrated remote site
services to organisations globally, announces details of the
secondary market trading facility that will be in place following
the cancellation of trading on AIM of its Ordinary shares
("Cancellation"), following approval by shareholders at the General
Meeting held on 28th February 2025. The Cancellation will take
effect from 7.00 a.m. on 11th March 2025.
The Company has now appointed Asset
Match to facilitate trading in the Ordinary Shares following
Cancellation. Asset Match, a firm authorised and regulated by the
Financial Conduct Authority (FRN 579310), will operate an
electronic off-market dealing facility for the Ordinary Shares.
This facility will allow existing holders of Ordinary Shares in the
Company ("Shareholders") and new investors to trade Ordinary Shares
by matching buyers and sellers through periodic
auctions.
Investors are encouraged to register
on www.assetmatch.com and add RA International to their 'Watchlist'
to continue to receive Company updates and auction/price
information.
The Secondary Market Trading
Facility is expected (but is not certain) to operate for a minimum
of 12 months after the Cancellation. The Directors' current
intention is that it will continue beyond that time, but
Shareholders should note that it could be withdrawn and therefore
inhibit the ability to trade the Ordinary Shares.
The Asset Match trading facility
operates under its own code of practice which governs the behaviour
of participants and the running of the periodic auctions. Asset
Match operates an open auction system where volumes of bids and
offers at different prices are displayed on its website together
with the closing date of the auction. At the end of each auction
period, Asset Match passes this information through a
non-discretionary algorithm that determines a "market-derived"
share price based on supply and demand and allocates transactions
accordingly. Bids and offers may be made and withdrawn at any time
before the closing date of each auction.
Shareholders will continue to be
able to hold their shares in uncertificated form (i.e. in CREST)
and should check with their existing stockbroker whether they are
willing or able to trade in unquoted shares. Shareholders wishing
to trade shares through Asset Match must do so through a
stockbroker. A comprehensive list of stockbrokers who have signed
up to access the Asset Match platform is available on
request.
Full details will be made available
to Shareholders on the Company's website at
https://ragrpplc.co.uk and directly by
letter or e-mail (where appropriate). Shareholders may contact
Asset Match in relation to any queries regarding trading via the
secondary market trading facility by emailing
dealing@assetmatch.com.
Enquiries:
|
RA
International Group PLC
Soraya Narfeldt, Chief Executive
Officer
|
|
|
Strand Hanson Limited (Nominated & Financial Adviser and
Broker)
Ritchie Balmer / James Spinney /
David Asquith
|
+44 (0) 20
7409 3494
|
|
Asset Match Limited
|
+44 (0) 20
7248 2788
|
Ben Weaver / Hannah
Woodley
About RA International
RA International is a leading
provider of services to remote locations. The Group 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 Group 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.
