15th Jun 2018 10:50
LONDON (Alliance News) - RA International Group PLC is placing to raise GBP97.2 million through an initial public offering of 173.6 million shares at 56.0 pence each.
The company provides catering and maintenance services, in remote areas, to humanitarian and mining organisations and expects GBP18.8 million to be raised on its admission to London's AIM on June 29.
Blackrock Inc will hold a 4.9% stake in the company following its admission and Jupiter Asset Management Ltd will hold a 3.0% stake.
RA International's nominated advisor and broker for the admission will be Cenkos Securities PLC.
Replacement vehicles provider Anexo Group PLC also said on Friday that it also intends to list on the AIM.
Anexo is placing to raise GBP110.0 million through the issue of 110 million shares at 100p each. Its primary capital to be raised on its June 15 admission is GBP25 million.
The firm has named Arden Partners PLC as its broker and nominated advisor.
Related Shares:
Jupiter Fund ManagementCNKS.LARDN.L