REG - React Group PLC - AGM Statement

ReactAnnouncement

28/03/2024 07:00

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RNS Number : 5980I  React Group PLC  28 March 2024

28 March 2024

 

REACT Group plc

 

("REACT", the "Group" or the "Company")

 

AGM Statement

 

REACT Group plc (AIM: REAT.L), the leading specialist cleaning, hygiene, and
decontamination company, will today hold its Annual General Meeting ("AGM") at
midday in the BISHOPS SUITE, Novotel London Blackfriars, 46 Blackfriars Road,
London SE1 8NZ.

 

Shareholders will be able to participate in the AGM via the Investor Meet
Company ("IMC") platform however shareholders will not be able to vote at the
meeting as voting on all resolutions was conducted by way of proxy and the
deadline for proxy votes to be received has now passed.

 

Shareholders wishing to participate in the virtual AGM should sign up to IMC
(at no cost) ahead of the AGM via:
https://www.investormeetcompany.com/react-group-plc/register-investor
(https://www.investormeetcompany.com/react-group-plc/register-investor) and
request to meet the Company. Once registered, shareholders will automatically
be emailed an invitation which they should accept in order to receive a unique
link to access the AGM.

 

Mark Braund, Executive Chairman, will make the following statement at the AGM:

 

"Upon releasing the Company's results for the year ended 30 September 2023, we
were delighted to announce a strong performance from the Group, marked by
robust organic growth, improved profitability and strong cash conversion. We
are pleased to announce that this momentum has continued into the current
financial year and the Group is taking advantage of significant growth
opportunities for its essential services. As a result, the Board is pleased to
report that revenues  for the first five months of FY24 were ahead of the
same period in FY23.

 

"Each division has perfomed well and the Group continues to benefit from cross
selling opportunities which not only enhance our offering but also contribute
to the organic growth. It is particularly pleasing to deliver revenue growth
in a challenging market environment where our customers are always striving
for the best in class service that we offer.

 

"The Group continues to maintain a healthy balance sheet and is able to
implement a considered programme to invest in people, processes and systems
the benefits of which are already bearing fruit and will be more evident in
future years.

 

"Despite the economic headwinds, the Board is cautiously confident about
trading and will provide a trading update in May."

 

 

For more information:

 

 REACT Group                           Tel: +44 (0) 1283 550 503
 Shaun Doak, Chief Executive Officer
 Spencer Dredge, Chief Financial Officer

 Mark Braund, Chairman

 Singer Capital Markets - Nominated Adviser & Joint Broker                           Tel: +44 (0) 207 496 3000
 Philip Davies / Alex Bond / Oliver Platts

 Dowgate Capital - Joint Broker                                                      Tel: +44 (0) 20 3903 7715
 Stephen Norcross / Nicholas Chambers

 IFC Advisory - Financial PR & IR      Tel: +44 (0) 20 3934 6630
 Graham Herring / Zach Cohen

 

 

About Us:

REACT Group plc is the UK's leading specialist and contract cleaning business
and operates with three divisions: LaddersFree, one of the largest commercial
window cleaning businesses in the UK; Fidelis Contract Services ("Fidelis"), a
contract cleaning and facilities maintenance business; and REACT business,
which primarily provides a solution to emergency and specialist cleaning
situations, both through long-term framework agreements and on an ad-hoc
basis.

 

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