FCA moratorium on publication of results

RNS Number : 4647H

RA International Group PLC

25 March 2020

 

25 March 2020

 This announcement contains inside information

RA INTERNATIONAL GROUP PLC

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

FCA moratorium on publication of financial statements

RA International Group PLC (AIM: RAI), a leading provider of services to remote locations in Africa and the Middle East, announces today that it will be complying with the recommendation from the Financial Conduct Authority ("FCA") that all listed companies delay the publication of financial results for at least two weeks. 

This request by the FCA was a market-wide communication as a precautionary mechanism to assist audit sign-off processes amidst the Coronavirus pandemic. A link to the FCA's announcement is below: 

https://www.fca.org.uk/news/statements/fca-requests-delay-forthcoming-announcement-preliminary-financial-accounts , and FRC's announcement here  https://www.frc.org.uk/news/march-2020-(1)/frc-supports-moratorium-in-corporate-reporting

In line with previous guidance, the Company expects to be slightly ahead of full year revenue expectations, with profitability broadly in line with expectations.

RA International's FY 2019 Results are now expected to be announced in accordance with further guidance from the FCA. 

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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) Derrick Lee Peter Lynch	[phone]
Hudson Sandler LLP (Financial PR & IR) Daniel de Belder Bertie Berger	[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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