Long Term Incentive Plan and Grant of Awards

RNS Number : 2957Y

RA International Group PLC

12 May 2021

 

  RA INTERNATIONAL GROUP PLC

("RA International" or the "Company")

Long Term Incentive Plan ("LTIP") and Grant of awards under LTIP

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 establishment of a new LTIP and the grant of awards under the LTIP for existing executive directors and senior management.

The following table sets out the number of options granted under the LTIP Plan on 10^th May 2021 in the following quantities to the following executive directors and other persons discharging managerial responsibilities ("PDMR"):

Name of Director	Options Granted	Exercise Price per Share
Soraya Narfeldt	602,040	£0.10
Lars Narfeldt	408,163	£0.10
Andrew Bolter	469,387	£0.10
Trevor Stratford	401,632	£0.10
William Warnock	370,285	£0.10

The key terms of the LTIP are summarised below:

· Eligible participants have been granted performance share awards in the form of nominal value options at the discretion of the Remuneration Committee.

· Awards granted to participants will be subject to a 2-year holding period.

· Options may only ever be exercised over Vested Option Shares pursuant to the terms of the LTIP. The options are subject to a three year vesting period and performance conditions based on total shareholder return, underlying EBITDA and Environmental, Social and Governance ("ESG") criteria, with vesting usually occurring once performance conditions are met.

· Earlier vesting of options could occur if the option holder ceased employment on good leaver terms as detailed within the LTIP or if the Remuneration Committee considered it appropriate, on the occurrence of a change of control or other major corporate event.

· It is envisaged that the awards will be settled in shares.

· The aggregate market value of shares over which an award may be made to any one employee (including any executive director) within the Group on an annual basis shall not exceed 150% of such employee's base salary.

 

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	[phone]
Bamburgh Capital Limited (Financial PR & Investor Relations) Murdo Montgomery	[phone] [e-mail]

The information contained in this notification is disclosed in accordance with the requirements of Article 19 of the Market Abuse Regulation.

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Soraya Narfeldt
b)	Position / status	Chief Executive Officer / PDMR
c)	Initial notification /amendment	Initial
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary shares of 10 pence each in the Company
b)	Nature of the transaction	Grant of awards over ordinary shares under the Company's LTIP
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		10 pence	602,040
d)	Aggregated information Aggregated volume Price	N/A - as above
e)	Date of the transaction	10 May 2021
f)	Place of the transaction	London Stock Exchange, AIM

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Lars Narfeldt
b)	Position / status	Chief Operating Officer / PDMR
c)	Initial notification /amendment	Initial
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary shares of 10 pence each in the Company
b)	Nature of the transaction	Grant of awards over ordinary shares under the Company's LTIP
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		10 pence	408,163
d)	Aggregated information Aggregated volume Price	N/A - as above
e)	Date of the transaction	10 May 2021
f)	Place of the transaction	London Stock Exchange, AIM

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Andrew Bolter
b)	Position / status	Chief Financial Officer / PDMR
c)	Initial notification /amendment	Initial
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary shares of 10 pence each in the Company
b)	Nature of the transaction	Grant of awards over ordinary shares under the Company's LTIP
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		10 pence	469,387
d)	Aggregated information Aggregated volume Price	N/A - as above
e)	Date of the transaction	10 May 2021
f)	Place of the transaction	London Stock Exchange, AIM

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Trevor Stratford
b)	Position / status	Business Development Director and PDMR
c)	Initial notification /amendment	Initial
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary shares of 10 pence each in the Company
b)	Nature of the transaction	Grant of awards over ordinary shares under the Company's LTIP
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		10 pence	401,632
d)	Aggregated information Aggregated volume Price	N/A - as above
e)	Date of the transaction	10 May 2021
f)	Place of the transaction	London Stock Exchange, AIM

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	William Warnock
b)	Position / status	Director of US Business Development and PDMR
c)	Initial notification /amendment	Initial
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary shares of 10 pence each in the Company
b)	Nature of the transaction	Grant of awards over ordinary shares under the Company's LTIP
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		10 pence	370,285
d)	Aggregated information Aggregated volume Price	N/A - as above
e)	Date of the transaction	10 May 2021
f)	Place of the transaction	London Stock Exchange, AIM

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.

 

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