REG - React Group PLC - Contract Win

ReactAnnouncement

10/10/2023 07:00

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RNS Number : 4800P  React Group PLC  10 October 2023

10 October 2023

REACT Group plc

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

Significant 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 contract
extension to provide contracted maintenance, cleaning and hygiene services
within the education sector for a major university.

 

This extension has a total value of c.£3.8m (£1.27m per annum) during the
contract term of three years, which represents a near doubling in value over
the initial contract awarded three years ago and is the Group's largest single
annual contract to date.

 

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

 

"We are delighted to announce the extension of our contract with the
university, which underscores the success of our ongoing partnership and the
value we continue to deliver. This contract extension not only strengthens our
existing relationship but also reflects the hard work and dedication of the
people in our team."

 

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

                                             Tel: +44 (0) 207 496 3000

 Singer Capital Markets

 (Nominated Adviser / Broker)

 James Moat / Philip Davies

                                             Tel: +44 (0) 20 3934 6630

 IFC Advisory

 (Financial PR / IR)

 Graham Herring / Zach Cohen

 

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