AGM Statement

RNS Number : 1108E

React Group PLC

26 February 2020

 

26 February 2020

REACT GROUP PLC

("REACT" or "the Company")

AGM Statement

At the Annual General Meeting ("AGM") of the Company to be held at 11:00 a.m. this morning, Gill Leates, Chairman, will make the following statement:

"The REACT specialist cleaning business continues to trade well.  In the period since the 30 September 2019 year end, margins and operational efficiency have continued to improve as we maintain focus on quality of earnings and increasing business activity in sectors in which REACT provides the greatest value.

Progress is underpinned by recent contract wins, including the incremental half a million-pound specialist cleaning contract in the rail sector, announced 23 January 2020, and the £121,000 deep cleaning contract at a large London hospital, announced 3 February 2020.  We are also pleased to report that a 3-year framework agreement has recently been awarded by another existing client, a large housing association in the North West of England.

The Board remains confident that with rationalised infrastructure, a well-motivated management team and a competitive service proposition, we have established a solid platform from which we can now grow and move into a sustainable level of profitability."

REACT Group: Gill Leates - Chairman	07799 662642
SPARK Advisory Partners Limited (nominated adviser) Neil Baldwin/Henry Todd	0113 370 8974
Peterhouse Capital (Broker)  Duncan Vasey/Martin Lampshire	0207 459 0930

 

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