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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 scores multiple new contracts with existing large facilities client

Tue, 21st Jul 2020 10:23

(Sharecast News) - Cleaning business React said on Tuesday that it had inked a number of contracts to provide specialist deep cleaning services to an existing large facilities client across multiple UK sites.
React said the batch of twelve contracts, worth just over £350,000, would run for a period of five weeks through to the end of August.

The AIM-listed group added that the contracts were incremental to the work it carries out for the mystery customer and was entirely non-Covid-19 related.

Chief executive Shaun Doak said: "The award of these contracts acknowledges the often unseen, yet exceptional work safely carried out by our colleagues at React.

"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."

As of 0925 BST, React shares had shot up 19.05% to 1.25p.