Contract wins
REACH: non-regulatory announcement
18 May 2021
REACT Group Plc
("REACT" or the "Company")
Contract wins
REACT (AIM: REAT.L), the leading specialist cleaning, hygiene, and decontamination company, is pleased to announce it has been awarded a contract extension to provide specialist deep cleaning services on a regular basis to one of its Tier-1 customers operating in the rail sector.
The contract is part of an essential deep cleaning service REACT has been providing to this key customer. The contract, worth approximately £270,000, will run for a period of 26-weeks.
REACT is also pleased to announce that Fidelis Contract Services Ltd ("Fidelis"), acquired by the Company at the end of March 2021, has secured three new contracts during May. Each contract is for an initial three-year term and all begin this month. The three contracts together have a total contract value of c. £320,000, approx. £106,000 per year.
Shaun Doak, Chief Executive Officer, commented: "These latest contract wins once again highlight the Company's strength in the specialist cleaning sector and reinforces Fidelis's track record of winning long-term contracts providing recurring revenue."
"These contracts provide further revenue visibility for the current year and beyond. "
For further information:
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REACT Group PLC Shaun Doak, Chief Executive Officer
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Tel: +44 (0) 1283 550 503 |
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Allenby Capital Limited (Nominated Adviser and Broker) Nick Athanas / Liz Kirchner (Corporate Finance) Amrit Nahal / Tony Quirke (Sales & Corporate Broking)
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Tel: +44 (0) 203 328 5656
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