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React shares enjoy boost on new contract valued at GBP500,000

6th Sep 2023 11:43

(Alliance News) - React Group PLC on Wednesday said that it has signed a contract to provide regular window and signage cleaning services to an "established" store chain.

According to the Birmingham, England-based cleaning, hygiene and decontamination firm, the contract - which begins in October - has a total life value of GBP500,000.

The agreement is with an unnamed chain, covering around 700 national retail outlets based in high streets, retail parks, and shopping centres throughout the UK.

React also said there was potential within the agreement for growth from additional services and new store openings.

"We are excited to have another prominent and well-known brand choose to appoint REACT to a national contract, recognising our strength through our LaddersFree business to provide consistently high-quality services at great value across the whole of their UK estate," said Chief Executive Officer Shaun Doak.

"We are excited to have another prominent and well-known brand choose to appoint REACT to a national contract, recognising our strength through our LaddersFree business to provide consistently high-quality services at great value across the whole of their UK estate."

React Group shares were trading 2.7% higher at 1.54 pence each in London on Wednesday morning.

By Holly Beveridge, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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