Last checked at 16 Aug 2018 07:00
16 August 2018
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company" and, together with its subsidiaries, the "Group")
Contract Win
RA International Group PLC (AIM: RAI), a leading provider of services to remote locations in Africa and the Middle East, is pleased to announce that it has secured a significant, new five year contract for the electrical works and construction of power infrastructure for the United Nations Support Office ("UNSOS") and African Union Mission in Somalia ("AMISOM") camps, both in Somalia.
RA International will deliver a full end-to-end managed service for the construction of power infrastructure, including the installation of UN provided generators and fuel tanks, and the provision of power distribution services to various facilities. The total contract value is just over US$30 million and the works are due to commence this autumn.
Soraya Narfeldt, CEO of RA International, commented: "We are delighted to have secured this long-term contract for the construction of power houses in Somalia.
"RA International has managed and completed power house projects effectively in the past and it demonstrates great confidence in our capabilities that we have been reselected as the preferred provider by UNSOS and AMISOM for construction and support services for this project.
"We very much look forward to building on our relationship with the UNSOS and AMISOM over the years ahead. The Board remains committed to the next phase of our development as we look to capitalise on the exciting opportunities within our sector."
Enquiries:
RA International Group PLC Soraya Narfeldt, Chief Executive Officer Lars Narfeldt, Chief Operating Officer Andrew Bolter, Chief Financial Officer
| Via IFC Advisory |
Cenkos Securities PLC (Nominated Adviser and Broker) Beth McKiernan Derrick Lee
| +44 (0)131 220 6939 |
IFC Advisory Limited (Financial PR & IR) Tim Metcalfe Heather Armstrong Florence Chandler | +44 (0)20 3934 6600 |
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Background to the Company
RA International is a leading provider of services to remote locations in Africa and the Middle East. It specialises in five service verticals: construction; integrated facilities management; operation and maintenance; accommodation; and supply chain logistics. It has a strong 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.