Last checked at 3 Jun 2021 07:00
This announcement contains inside information
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company")
New Contract Award
RA International Group PLC (AIM: RAI), a specialist provider of complex and integrated remote site services to Humanitarian, Governmental and Commercial organisations globally, is pleased to announce the award of a significant new contract.
The integrated facilities management ("IFM") contract is with the US Government to provide comprehensive life support and maintenance services for the United States Agency for International Development ("USAID") in one of their compounds in East Africa. These services will also be provided to the US Embassy as they share the USAID compounds. The contract is for an initial two-year base period, with the option for two one-year extensions. The contract value, including the option years and incentives, is USD 21.5 million and will commence in June 2021.
Soraya Narfeldt, CEO of RA International, commented: "We are delighted to announce this landmark contract which sees us working directly with USAID. This contract is a great example of the type of work we do, delivering integrated services to international standards in challenging and dynamic locations and, through the strength of our reputation, we are broadening our customer base and are winning larger contracts. As we announce this important contract win, it is worth highlighting to shareholders we continue to be very encouraged by our business development activity, both the number and value of new contracts we are discussing."
Enquiries:
RA International Group PLC Soraya Narfeldt, Chief Executive Officer Lars Narfeldt, Chief Operating Officer Andrew Bolter, Chief Financial Officer
| Via Bamburgh Capital |
Canaccord Genuity Limited (Nominated Adviser and Broker) Bobbie Hilliam Alex Aylen
| +44 (0)207 523 8000 |
Bamburgh Capital Limited (Financial PR & Investor Relations) Murdo Montgomery
| +44 (0)191 249 7442 investors@raints.com |
About RA International
RA International is a leading provider of services to remote locations in Africa and the Middle East. 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.