RCS - React Group PLC - Contract wins

ReactAnnouncement

18/05/2021 07:05

RNS Number : 9171Y
  
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 £270,000, 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. £320,000, approx. £106,000 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
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
 



 
About Reach announcements
This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.
 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

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
 
 
NRAGPUMPAUPGPGM