RA International Awarded New Construction Contract

RNS Number : 1771Z

RA International Group PLC

16 May 2019

 

 This announcement contains inside information

RA INTERNATIONAL GROUP PLC

("RA International" or the "Company" and, together with its subsidiaries, the "Group")

RA International Group PLC Awarded Major New Construction Contract

RA International Group PLC (AIM: RAI), a leading provider of services to remote locations in Africa and the Middle East, announces today that it has been awarded a new contract by a large Humanitarian client in Central Africa. Under the terms of the contract, RA International will construct accommodation facilities for peacekeeping troops in up to 10 locations around the country.

This contract award follows an extension of two similar previous construction contracts in the region where RA has supported the client for over three years. The new contract will run for one year with work set to start in June 2019. The total value of the contract is USD 10.7 million.

Soraya Narfeldt, CEO of RA International, commented: "The award of the contract highlights the continued trust and confidence our client has in our ability to support them in a difficult and challenging environment. We are delighted that our client has recognised this and entered into a new contract with us based on our excellent services and expertise on the ground.  

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Enquiries:

RA International Group PLC Soraya Narfeldt, Chief Executive Officer Lars Narfeldt, Chief Operating Officer Andrew Bolter, Chief Financial Officer	Via Hudson Sandler
Cenkos Securities PLC (Nominated Adviser and Broker) Beth McKiernan Derrick Lee	[phone]
Hudson Sandler LLP (Financial PR & IR) Daniel de Belder Nelly Akpaka	[phone] [e-mail]

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 channels: 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.

 

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