By Iain Gilbert
Date: Tuesday 18 May 2021
LONDON (ShareCast) - (Sharecast News) - Cleaning and decontamination company React Group revealed on Tuesday that it has had been awarded a contract extension to provide specialist deep cleaning services to an unnamed Tier-1 customer in the rail sector.
React said the contract was part of an essential deep cleaning service already being providing to the key customer and was worth approximately £270,000 and will run for a period of 26-weeks.
Elsewhere, React announced that Fidelis Contract Services, which it acquired at the end of March, had also secured three new contracts during May, with each contract for an initial three-year term and all set to begin in May.
The AIM-listed group stated the three contracts together had a total contract value of around £320,000.
Chief executive Shaun Boak said: "These latest contract wins once again highlight the Company's strength in the specialist cleaning sector and reinforces Fidelis' track record of winning long-term contracts providing recurring revenue."
"These contracts provide further revenue visibility for the current year and beyond."
As of 0905 BST, React shares were up 6.07% at 3.58p.
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Currency | UK Pounds |
Share Price | 73.67p |
Change Today | -0.33p |
% Change | -0.45 % |
52 Week High | 85.00p |
52 Week Low | 62.50p |
Volume | 13,710 |
Shares Issued | 21.55m |
Market Cap | £15.88m |
RiskGrade | 389 |
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No dividends found |
Time | Volume / Share Price |
12:32 | 15 @ 74.10p |
08:09 | 13,695 @ 73.02p |
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