React Group PLC Additional Contract win with Major LondonHospital (4689G)
March 02 2018 - 2:00AM
UK Regulatory
TIDMREAT
RNS Number : 4689G
React Group PLC
02 March 2018
2 March 2018
React Group plc
(the "Company" or "React")
Additional Contract win with Major London Hospital
REACT Group plc (AIM: REAT), the specialist provider of rapid
response deep cleaning and emergency decontamination services, is
pleased to announce that its subsidiary, REACT Specialist Cleaning
Limited ("RSCL"), has signed an additional Service Contract with a
major facilities company for the provision of deep cleaning
services for the same major London hospital as the initial contract
announced on 11 September 2017.
The Service Contract is for a period of 18 months. It covers
both deep cleaning and that RSCL has been appointed as preferred
supplier for other ad hoc work.
RSCL has been awarded initial purchase orders totalling
GBP206,000 (excluding VAT), for deep cleaning work under the
Service Contract. The additional provision under the Service
Contract for other ad hoc services is significant. This is because
whilst there is no guarantee as to the level of additional work,
REACT is now the preferred supplier and similar ad hoc services
from this client contributed in excess of GBP250,000 to revenue in
the previous financial year ended 30 September 2017.
Gill Leates, the Chairman said, 'We are very pleased that the
company has continued to build more contract work, which reflects
on the high standards that our teams continue to deliver. We will
continue our strategy of developing the business in our areas of
core expertise'.
For further information please contact:
REACT Group plc
Gill Leates - Chairman 07799 662642
SPARK Advisory Partners Limited
Neil Baldwin 0113 370 8974
Mark Brady 0113 379 8971
Whitman Howard Limited
Nick Lovering 0207 659 1224
This information is provided by RNS
The company news service from the London Stock Exchange
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