London Stock Exchange welcomes RA International Group PLC to AIM
RA International Group plc, a leading provider of services to remote locations in Africa and the Middle East, was this morning welcomed to The London Stock Exchange (LSE) to celebrate its successful admission to AIM.
RA International, incorporated in 2004, specialises in five service verticals: construction; integrated facilities management; operation and maintenance; accommodation; and supply chain services. RA International provides comprehensive, flexible, mission critical support to its clients enabling them to focus on the delivery of their respective businesses and services. The Group has a strong customer base, largely comprising UN agencies, western governments and global corporations and it has been a signatory, participant and contributor to the UN Global Compact. The business is headquartered in Dubai, in the UAE and has 14 years of operational knowledge with a culturally diverse and multi-lingual workforce of over 1,600 people.
The Company has successfully placed £18.8 million through a placing of new and existing shares to institutional investors. New funds raised will be used to further accelerate the growth of the business and its international expansion plans. Cenkos Securities plc is acting as nominated adviser and broker to the Company, with IFC Advisory providing financial PR.
Soraya Narfeldt, CEO of RA International, commented: “We are delighted to have been admitted to AIM and believe it will position the Company well for the next phase of its development. The support that we’ve seen from the London market has been very encouraging and we are very pleased to welcome new shareholders to our business.
"Admission to AIM will provide an appropriate structure for the long-term development of the business and enable us to progress our capabilities to benefit our customers further. We are well positioned in the support services market and there are significant opportunities for growth which we intend to capitalise on.
“We look forward to updating our investors on our progress as we embark on the next stage of our exciting journey.”