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45.50 0.00 (0.00%)

Bid:

44.00

Ask:

47.00

Spread: 3.00 (6.818%)

Market Cap: £10.75m

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React Lands 12 New Contracts From Large Facilities Management Client

Tue, 21st Jul 2020 16:45

(Alliance News) - Specialist cleaning company React Group PLC on Tuesday said it has been awarded twelve contracts worth approximately GBP350,000, from a facilities management client.

The contracts span five weeks until the end of August. The Swadlincote, English-based firm will be in charge of specialist deep cleaning of multiple sites across the UK belonging to the customer.

React said these contracts are instrumental to the facilities management firm but are not Covid-19 related.

Chief Executive Officer Shaun Doak said: "With these contract wins we continue to see momentum in our non-Covid-19 related business. React remains committed to providing customers with class-leading standards and aims to build further relationships within this sector over the coming months and years."

Shares closed 21% hgher at 1.27 pence each in London on Tuesday.

By Neetika Kurup; neetikakurup@alliancenews.com