Last checked at 28 Mar 2024 07:00
28 March 2024
REACT Group plc
("REACT", the "Group" or the "Company")
AGM Statement
REACT Group plc (AIM: REAT.L), the leading specialist cleaning, hygiene, and decontamination company, will today hold its Annual General Meeting ("AGM") at midday in the BISHOPS SUITE, Novotel London Blackfriars, 46 Blackfriars Road, London SE1 8NZ.
Shareholders will be able to participate in the AGM via the Investor Meet Company ("IMC") platform however shareholders will not be able to vote at the meeting as voting on all resolutions was conducted by way of proxy and the deadline for proxy votes to be received has now passed.
Shareholders wishing to participate in the virtual AGM should sign up to IMC (at no cost) ahead of the AGM via: https://www.investormeetcompany.com/react-group-plc/register-investor and request to meet the Company. Once registered, shareholders will automatically be emailed an invitation which they should accept in order to receive a unique link to access the AGM.
Mark Braund, Executive Chairman, will make the following statement at the AGM:
"Upon releasing the Company's results for the year ended 30 September 2023, we were delighted to announce a strong performance from the Group, marked by robust organic growth, improved profitability and strong cash conversion. We are pleased to announce that this momentum has continued into the current financial year and the Group is taking advantage of significant growth opportunities for its essential services. As a result, the Board is pleased to report that revenues for the first five months of FY24 were ahead of the same period in FY23.
"Each division has perfomed well and the Group continues to benefit from cross selling opportunities which not only enhance our offering but also contribute to the organic growth. It is particularly pleasing to deliver revenue growth in a challenging market environment where our customers are always striving for the best in class service that we offer.
"The Group continues to maintain a healthy balance sheet and is able to implement a considered programme to invest in people, processes and systems the benefits of which are already bearing fruit and will be more evident in future years.
"Despite the economic headwinds, the Board is cautiously confident about trading and will provide a trading update in May."
For more information:
REACT Group | Tel: +44 (0) 1283 550 503 | ||
Shaun Doak, Chief Executive Of?cer | |||
Spencer Dredge, Chief Financial Officer Mark Braund, Chairman | |||
Singer Capital Markets - Nominated Adviser & Joint Broker | Tel: +44 (0) 207 496 3000 | ||
Philip Davies / Alex Bond / Oliver Platts | |||
Dowgate Capital - Joint Broker | Tel: +44 (0) 20 3903 7715 | ||
Stephen Norcross / Nicholas Chambers | |||
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IFC Advisory - Financial PR & IR | Tel: +44 (0) 20 3934 6630 | ||
Graham Herring / Zach Cohen | |||
About Us:
REACT Group plc is the UK's leading specialist and contract cleaning business and operates with three divisions: LaddersFree, one of the largest commercial window cleaning businesses in the UK; Fidelis Contract Services ("Fidelis"), a contract cleaning and facilities maintenance business; and REACT business, which primarily provides a solution to emergency and specialist cleaning situations, both through long-term framework agreements and on an ad-hoc basis.