10 October 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.£3.8m (£1.27m 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 Shaun Doak, Chief Executive Officer Andrea Pankhurst, Chief Financial Officer Mark Braund, Chairman
| Tel: +44 (0) 1283 550 503 |
|
Singer Capital Markets (Nominated Adviser / Broker) James Moat / Philip Davies
| Tel: +44 (0) 207 496 3000 |
|
IFC Advisory (Financial PR / IR) Graham Herring / Zach Cohen | Tel: +44 (0) 20 3934 6630 |
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