React Group PLC Contract Wins
March 10 2022 - 2:01AM
RNS Non-Regulatory
TIDMREAT
React Group PLC
10 March 2022
REACH: non-regulatory announcement
10 March 2022
REACT Group Plc
("REACT", the "Company" or the "Group")
Contract wins
REACT (AIM: REAT.L), a leading specialist cleaning, hygiene, and
decontamination company, is pleased to announce it has been awarded
new contracts for both its recurring contract maintenance cleaning
business and its specialist reactive cleaning business.
The first is the award of a 3-year contract with a total value
of c.GBP1.2 million (c.GBP400k per year) to provide maintenance
cleaning and facility services to the UK operation of a large
multi-national manufacturing and distribution business.
The other is the award of a 12-month rolling contract to provide
specialist emergency cleaning services to trains operated by one of
the UK's leading train operators based in southern England. The
work includes specialist cleaning of the underside of train
carriages impacted by animal strikes and fatalities. This adds to a
number of other contracts operated by REACT in this sector, making
REACT one of the largest providers of this type of emergency
service to train operators in Great Britain.
These two notable contract wins start in April 2022 and are
complemented by smaller contract wins across the Group.
Shaun Doak, Chief Executive Officer, commented:
"These latest contract wins highlight the value of the Group's
proposition and further adds to the Company's successful track
record in securing long-term, recurring revenue."
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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END
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