TIDMREAT

React Group PLC

20 April 2021

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 GBP585k, 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                                    Tel: +44 (0) 1283 
  Shaun Doak, Chief Executive Officer                         550 503 
 Allenby Capital Limited (Nominated Adviser          Tel: +44 (0) 203 
  and Broker)                                                 328 565 
  Nick Athanas / Liz Kirchner (Corporate Finance) 
  Amrit Nahal / Tony Quirke (Sales & Corporate 
  Broking)

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.

END

NRAGZGMDRLGGMZM

(END) Dow Jones Newswires

April 20, 2021 02:00 ET (06:00 GMT)

React (LSE:REAT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more React Charts.
React (LSE:REAT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more React Charts.