RA International Group Plc (GB:RAI) has released an update.
RA International Group PLC, a service provider to remote locations, has announced its plan to buy back 1,987,215 ordinary shares from a former employee at 8 pence each, using its existing cash resources. The shares will be held as treasury shares, with the total expected to be 1,987,215 following shareholder approval at the upcoming AGM. This move will alter the total voting rights in the company, affecting the denominator used by shareholders to report changes in their company interest.
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