REAT React Group Plc

TIDMREAT

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 GBP1.0m 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                               Tel: +44 (0) 1283 550 
  Shaun Doak, Chief Executive Officer                            503 
 Allenby Capital Limited (Nominated        Tel: +44 (0) 203 328 5656 
  Adviser and Broker) 
  Nick Athanas / Liz Kirchner (Corporate 
  Finance) 
  Amrit Nahal / Tony Quirke (Sales & 
  Corporate Broking) 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CNTKZGMMMZLGZZZ

(END) Dow Jones Newswires

January 13, 2022 02:00 ET (07:00 GMT)

React (LSE:REAT)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

React (LSE:REAT)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024