RA International Group PLC Capital Reduction -- Result of General Meeting (3669U)
22 Noviembre 2023 - 9:13AM
UK Regulatory
TIDMRAI
RNS Number : 3669U
RA International Group PLC
22 November 2023
22 November 2023
RA INTERNATIONAL GROUP PLC
("RA International", "RA" or the "Company")
Capital Reduction - Result of General Meeting
RA International Group PLC (AIM: RAI), a specialist provider of
complex and integrated remote site services to organisations
globally, announced on 2 November 2023 that a shareholder circular
("Circular") containing a notice of general meeting (the "General
Meeting") and Form of Proxy were posted to shareholders. The
Circular set out the details of a proposal to reduce the Company's
capital by the cancellation of the Company's share premium account
in order to create distributable reserves (the "Capital
Reduction").
The Capital Reduction was conditional, inter alia, upon the
Company obtaining approval by shareholders at a General Meeting,
and confirmation by the Court. The Company is pleased to announce
that at its General Meeting held earlier, the Capital Reduction
resolution put to Shareholders was duly passed.
The resolution was proposed as a special resolution. The proxy
votes cast in respect of the resolution were as follows:
RESOLUTIONS Votes % Votes % Total Votes
For Against Votes withheld
Cast
1. To approve
the Capital Reduction 147,676,460 99.98% 24,789 0.02% 147,701,249 11,190
------------ ------- --------- ------ ------------ ----------
A vote "Withheld" is not a vote in law and is not counted in the
calculation of the percentage of shares voted "For" or "Against"
any resolution.
The Company will now apply to the Court for confirmation of the
Capital Reduction. The Capital Reduction will only become effective
if the Court confirms that it is satisfied that the interests of
any creditors (including contingent creditors) of the Company,
whose debts remain outstanding on the date of the Court Order are
registered and protected. This may require the Company to give
undertakings to the Court to protect creditors.
EXPECTED TIMETABLE OF REMAINING PRINCIPAL EVENTS
Directions hearing 8(th) December 2023
Final hearing and confirmation of the 19(th) December 2023
Capital Reduction by the Court
---------------------
Capital Reduction becomes effective 20(th) December 2023
---------------------
The information communicated in this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended.
Enquiries:
RA International Group PLC Via Strand Hanson
Sangita Shah, Chair
Soraya Narfeldt Chief Executive Officer
Strand Hanson (Nominated Adviser and
Broker)
Ritchie Balmer/James Spinney/David Asquith +44 (0)207 409 3494
About RA International
RA International is a leading provider of services to remote
locations. The Company offers its services through three channels:
construction, integrated facilities management and supply chain,
and services two main client groups: humanitarian and aid agencies
and western government organisations focusing on overseas projects.
It has a strong customer base, largely comprising UN agencies, UK
and US government departments 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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END
ROMFLFIELALFFIV
(END) Dow Jones Newswires
November 22, 2023 10:13 ET (15:13 GMT)
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