React Group PLC Additional Contract win with Major LondonHospital (4689G)

TIDMREAT

RNS Number : 4689G

React Group PLC

02 March 2018

2 March 2018

React Group plc

(the "Company" or "React")

Additional Contract win with Major London Hospital

REACT Group plc (AIM: REAT), the specialist provider of rapid response deep cleaning and emergency decontamination services, is pleased to announce that its subsidiary, REACT Specialist Cleaning Limited ("RSCL"), has signed an additional Service Contract with a major facilities company for the provision of deep cleaning services for the same major London hospital as the initial contract announced on 11 September 2017.

The Service Contract is for a period of 18 months. It covers both deep cleaning and that RSCL has been appointed as preferred supplier for other ad hoc work.

RSCL has been awarded initial purchase orders totalling GBP206,000 (excluding VAT), for deep cleaning work under the Service Contract. The additional provision under the Service Contract for other ad hoc services is significant. This is because whilst there is no guarantee as to the level of additional work, REACT is now the preferred supplier and similar ad hoc services from this client contributed in excess of GBP250,000 to revenue in the previous financial year ended 30 September 2017.

Gill Leates, the Chairman said, 'We are very pleased that the company has continued to build more contract work, which reflects on the high standards that our teams continue to deliver. We will continue our strategy of developing the business in our areas of core expertise'.

For further information please contact:

 
 REACT Group plc 
 Gill Leates - Chairman             07799 662642 
 
 SPARK Advisory Partners Limited 
 Neil Baldwin                       0113 370 8974 
 Mark Brady                         0113 379 8971 
 
 Whitman Howard Limited 
 Nick Lovering                      0207 659 1224 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 02, 2018 02:00 ET (07:00 GMT)