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20 Apr 2021 07:00
Reach- non-regulatory announcement
20 April 2021
REACT Group Plc
("REACT" or the "Company")
Contract Win
REACT GROUP PLC, (AIM: REAT.L), the leading specialist cleaning, hygiene and decontamination company, is pleased to announce it has been awarded a new twelve-month contract by one of its prestigious Facility Management customers operating in the national highways sector.
The contract builds upon a much smaller prior arrangement to now provide ongoing deep cleaning services to a number of sites, adding elements of new regular pre-planned maintenance services to the scope.
The contract is worth just over £585k, this is more than double the customer's previous annual contract commitment with REACT, and will run for a period of twelve months from April 2021 through to the end of March 2022.
Shaun Doak, Chief Executive Officer, commented:
"I am delighted this important customer has once again recognised REACT as the best solution provider for its specialist cleaning and pre-planned maintenance work requirements.
This new agreement is testament to the excellent work performed by our specialist operatives and in particular, the way our Operations Manager has been able to guide and support the programme of works over the last year, ensuring our customer remained compliant during the COVID-19 pandemic.
With this latest contract win, we highlight REACT's ability to secure long-term specialist contracts, helping to consolidate our customers' spend in these areas with one high-performing, efficient and cost effective provider.
REACT will continue to provide customers with class leading guidance, specialist cleaning standards and pre-planned maintenance, specifically tailored to the needs of the customer."
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) 203 328 565
|
About Reach announcements
This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.
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