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Pin to quick picksReact Group Regulatory News (REAT)

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Contract Wins

10 Mar 2022 07:00

RNS Number : 2719E
React Group PLC
10 March 2022
 

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

 

 

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.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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