RCS - React Group PLC - Contract wins

ReactAnnouncement

04/10/2021 07:05

RNS Number : 8251N
  
React Group PLC
  
04 October 2021
  
 

REACH: non-regulatory announcement
4 October 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 a number of recent contract wins.
The largest contract has been awarded to Fidelis to provide contracted maintenance, cleaning and hygiene services within the education sector.  It has a total contract value of c.£550,000 during the initial contract term of 3-years, with the option of an additional 3-year extension.
The Group has also won a number of smaller to medium sized contracts in the last few weeks, five of these being in contracted maintenance cleaning and hygiene services, all on 3-year contract terms, with other contract wins securing framework agreements to provide specialist reactive cleaning in both the rail sector and housing associations.
Shaun Doak, Chief Executive Officer, commented: "These recent contract awards along with a steadily growing pipeline of opportunities point towards a return to business-as-usual for a number of our customers.  
They also demonstrate how well Fidelis, acquired in March 2021, has continued to perform as part of the enlarged Group which is generating quality revenues across both contracted maintenance and specialist reactive 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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