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React Group PLC (REAT)

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Thursday 13 January, 2022

React Group PLC

Contract win

RNS Number : 2828Y
React Group PLC
13 January 2022
 

The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

 

13 January 2022

 

REACT Group Plc

("REACT" or the "Group")

 

Contract win

 

REACT GROUP PLC, (AIM: REAT.L), the leading specialist cleaning, hygiene and decontamination company, is delighted to announce it has been awarded a significant new long-term contract with The ExtraCare Charitable Trust, a leading not-for-profit developer and operator of housing for the over 55s and an existing customer of the business.

 

Through the Fidelis division of REACT, the Group will provide a range of facility management services across multiple sites, including contract cleaning, grounds maintenance, window cleaning and pest control.

 

The new 5-year contract starts at the beginning of April 2022 and is worth a minimum of £1.0m per year. The minimum value of the new contract is more than three times greater than the previous contract and covers a larger number of facilities.

 

In addition, the Group hopes to provide other specialist reactive services to the customer which would provide incremental revenue to the recurring component of the contract.

 

Shaun Doak, Chief Executive Officer, commented:

 

"We are delighted that the Group has been selected to provide such a critical solution to one of the UK's leading not-for-profit suppliers of housing for the over 55s. This major contract award demonstrates progress with the Group's strategic vision and expertise in developing market leading cleaning and facilities management solutions covering both recurring maintenance and on-demand specialist cleaning services."

 

 

For further information:

 

REACT Group PLC

Shaun Doak, Chief Executive Officer

 

Tel: +44 (0) 1283 550 503

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Athanas / Liz Kirchner (Corporate Finance)

Amrit Nahal / Tony Quirke (Sales & Corporate Broking)

 

Tel: +44 (0) 203 328 5656

 

 

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