Last checked at 10 Mar 2022 07:00
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.£1.2 million (c.£400k 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 PLCShaun 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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