React Group PLC Material Contract Award (8371M)

TIDMREAT

RNS Number : 8371M

React Group PLC

14 May 2020

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

REACT Group Plc

("REACT" or the "Company")

Material Contract Award

REACT Group Plc., (AIM: REAT.L) the leading specialist cleaning, hygiene and decontamination company is delighted to announce it has been awarded a contract to provide specialist deep cleaning services on a regular basis to one of its Tier-1 Customers operating in the rail sector. This is part of essential services and not COVID-19 related.

The initial contract, worth approximately GBP400k, will run for a period of 35-weeks through to the end of the calendar year and is incremental to the work REACT carries out for this customer on a regular basis.

Shaun Doak, Chief Executive Officer, commented;

"REACT are quickly becoming the 'go to' deep cleaning specialist for a number of Clients, especially those that operate facilities where cleanliness and hygiene are highly valued. This contract provides further continuity and revenue visibility for the current year and into the next. It comes as a direct result of our standout performance elsewhere for this Client and is a strong endorsement of our market-leading expertise."

 
 
   REACT Group PLC 
   Shaun Doak - Chief Executive 
   Officer                            0772 500 3662 
 SPARK Advisory Partners Limited 
  Neil Baldwin / Henry Todd         0113 370 8974 
 Peterhouse Capital (Broker) 
  Duncan Vasey/Martin Lampshire     0207 459 0930 
 

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May 14, 2020 02:00 ET (06:00 GMT)