6th Feb 2025 11:42
RA International Group PLC - Africa and Middle East-focused construction and support services provider - Proposes cancellation to trading on AIM market. The company is seeking shareholder approval at a general meeting on February 28. If the resolution is passed, cancellation will become effective on March 11.
Says trading conditions remained challenging throughout 2024, and it expects a loss in operating profit and earnings before interest, tax, depreciation and amortisation despite a revenue increase. The company says it will reduce costs in 2025 including potential divestment and closure of subsidiaries, especially those that are loss making. The company has concluded that there is not sufficient advantage in maintaining admission due to the "regulatory burden".
Current stock price: 0.94 pence, down 86% on Thursday morning in London
12-month change: down 91%
By Michael Hennessey, Alliance News reporter
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