React Group PLC Contract wins
18 Mayo 2021 - 1:00AM
RNS Non-Regulatory
TIDMREAT
React Group PLC
18 May 2021
REACH: non-regulatory announcement
18 May 2021
REACT Group Plc
("REACT" or the "Company")
Contract wins
REACT (AIM: REAT.L), the leading specialist cleaning, hygiene,
and decontamination company, is pleased to announce it has been
awarded a contract extension to provide specialist deep cleaning
services on a regular basis to one of its Tier-1 customers
operating in the rail sector.
The contract is part of an essential deep cleaning service REACT
has been providing to this key customer. The contract, worth
approximately GBP270,000, will run for a period of 26-weeks.
REACT is also pleased to announce that Fidelis Contract Services
Ltd ("Fidelis"), acquired by the Company at the end of March 2021,
has secured three new contracts during May. Each contract is for an
initial three-year term and all begin this month. The three
contracts together have a total contract value of c. GBP320,000,
approx. GBP106,000 per year.
Shaun Doak, Chief Executive Officer, commented: "These latest
contract wins once again highlight the Company's strength in the
specialist cleaning sector and reinforces Fidelis's track record of
winning long-term contracts providing recurring revenue."
"These contracts provide further revenue visibility for the
current year and beyond. "
For further information:
REACT Group PLC Tel: +44 (0) 1283
Shaun Doak, Chief Executive Officer 550 503
Allenby Capital Limited (Nominated Tel: +44 (0) 203 328
Adviser and Broker) 5656
Nick Athanas / Liz Kirchner (Corporate
Finance)
Amrit Nahal / Tony Quirke (Sales & Corporate
Broking)
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END
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May 18, 2021 02:00 ET (06:00 GMT)
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