REG - React Group PLC - Contract Win

ReactAnnouncement

05/01/2023 07:00

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RNS Number : 7297L  React Group PLC  05 January 2023

05 January 2023

REACT Group plc

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

Contract Win

REACT Group plc (AIM: REAT.L), the leading specialist cleaning, hygiene, and
decontamination company, is pleased to announce it has been awarded a
multi-year contract to perform deep cleaning, window and façade cleaning
across c.350 mainland UK locations for a prestigious high-street fast-food
chain.

Importantly, this contract win has come as a direct result of cross-selling
REACT's complementary service offerings to an established customer of
LaddersFree Ltd ("LaddersFree"), the commercial window cleaning business
acquired in May 2022.

The agreement is expected to run for two years, with up to two deep cleans per
year. The contract will be fulfilled by a team of skilled resources pulled
from all three divisions of the REACT Group, while being managed by a single
point of engagement with the Group. LaddersFree will focus on cleaning the
windows and façades, while Fidelis and REACT will provide internal specialist
deep cleaning. The value of work in the current financial year, ending 30
September 2023, is estimated to be approximately £0.8m.

Commenting on the contract win Shaun Doak, Chief Executive Officer of REACT,
said:

"This contract award highlights the value of the Group's ability to deploy
consistently high standards of specialist cleaning across multiple sites in
the UK. It comes as a result of combining the quality of the relationships
that LaddersFree has with its customers, with the strength of expertise and
consultative approach to deliver effective, cost efficient specialist cleaning
services, offered across the Group."

For more information:

 REACT Group Plc                             Tel: +44 (0) 1283 550 503

 Shaun Doak, Chief Executive Officer

 Andrea Pankhurst, Chief Financial Officer

 Mark Braund, Chairman

 Singer Capital Markets                      Tel: +44 (0) 207 496 3000

 (Nominated Adviser / Broker)

 James Moat / Philip Davies

 IFC Advisory                                Tel: +44 (0) 20 3934 6630

 (Financial PR / IR)

 Graham Herring / Zach Cohen

 

 

 

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