Contract win

RNS Number : 9930Q

React Group PLC

02 November 2021

 

REACH: non-regulatory announcement

2 November 2021

REACT Group plc

("REACT" or the "Company")

Contract win

REACT (AIM: REAT.L), the leading specialist cleaning, hygiene and decontamination company, is pleased to announce it has been awarded a new contract to provide specialist deep cleaning services on a regular basis to an incremental part of one of the Group's existing customers operating in the social housing sector.

Importantly, this contract win has come as the result of cross-selling to an established customer of Fidelis Contract Services Ltd ("Fidelis"), the commercial cleaning, hygiene and facility support services business acquired by REACT, as announced on 29 March 2021.

The contract, commencing 2^nd November 2021, has been awarded on an initial twelve-month term by a large housing repairs & maintenance organisation responsible for over 40 social housing clients throughout the United Kingdom. The contract is worth between £200,000 and £250,000 per year and involves both reactive and planned maintenance void clearances throughout the southwestern region of England, servicing a potential housing stock of c.32,000 homes.   

Shaun Doak, Chief Executive Officer of REACT Group Plc, commented:

"Securing this new contract highlights the quality of the potential amongst the existing customer relationships of the combined REACT and Fidelis group. The broader service offerings we now provide is attractive to many customers and we are hopeful this new contract win is merely the beginning of the Company capitalising on this aspect of its potential."

For further information:

REACT Group PLC Shaun Doak, Chief Executive Officer	Tel: [phone]
Allenby Capital Limited  (Nominated Adviser and Broker) Nick Athanas / Liz Kirchner (Corporate Finance) Amrit Nahal / Tony Quirke (Sales & Corporate Broking)	Tel: [phone]

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