React Group PLC Contract Win (4800P)

TIDMREAT

RNS Number : 4800P

React Group PLC

10 October 2023

10 O ctober 2023

REACT Group plc

("REACT", the "Group" or the "Company")

Significant 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 contract extension to provide contracted maintenance, cleaning and hygiene services within the education sector for a major university.

This extension has a total value of c.GBP3.8m (GBP1.27m per annum) during the contract term of three years, which represents a near doubling in value over the initial contract awarded three years ago and is the Group's largest single annual contract to date.

Commenting on the contract extension Shaun Doak, Chief Executive Officer of REACT, said:

"We are delighted to announce the extension of our contract with the university, which underscores the success of our ongoing partnership and the value we continue to deliver. This contract extension not only strengthens our existing relationship but also reflects the hard work and dedication of the people in our team."

For more information:

 
REACT Group Plc                             Tel: [phone] 
 Shaun Doak, Chief Executive Of cer          503 
 Andrea Pankhurst, Chief Financial Officer 
 Mark Braund, Chairman 
                                            Tel: [phone] 
  Singer Capital Markets                     3000 
  (Nominated Adviser / Broker) 
  James Moat / Philip Davies 
                                            Tel: [phone] 
  IFC Advisory                               6630 
  (Financial PR / IR) 
  Graham Herring / Zach Cohen 
 

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October 10, 2023 02:00 ET (06:00 GMT)