React Group PLC Contract win
02 Noviembre 2021 - 1:00AM
RNS Non-Regulatory
TIDMREAT
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 GBP200,000 and GBP250,000 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 Tel: +44 (0) 1283
Shaun Doak, Chief Executive Officer 550 503
Allenby Capital Limited (Nominated Tel: +44 (0) 203
Adviser and Broker) 328 5656
Nick Athanas / Liz Kirchner (Corporate
Finance)
Amrit Nahal / Tony Quirke (Sales &
Corporate Broking)
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END
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