React Group PLC Contract wins

TIDMREAT

React Group PLC

18 May 2021

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 GBP270,000, 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. GBP320,000, approx. GBP106,000 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:

 
 REACT Group PLC                                    Tel: [phone] 
  Shaun Doak, Chief Executive Officer                         550 503 
 Allenby Capital Limited (Nominated              Tel: [phone] 
  Adviser and Broker)                                            5656 
  Nick Athanas / Liz Kirchner (Corporate 
  Finance) 
  Amrit Nahal / Tony Quirke (Sales & Corporate 
  Broking) 
 

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May 18, 2021 02:00 ET (06:00 GMT)