By Anthony O. Goriainoff
REACT Group PLC said on Monday it had won a number of contracts, the largest of which is worth £ 550,000 ($ 745,030).
The London-listed cleaning, hygiene and decontamination company said the largest contract was awarded to Fidelis Contract Services Ltd. – which it acquired in March – and which it would provide maintenance, cleaning and hygiene services. The company said the three-year contract had a three-year extension option.
The other contracts won by the group are medium-sized contracts, also for a period of three years each, the company said. Five of these will be for the provision of maintenance, cleaning and hygiene services, while the others will be for the provision of specialized reactive cleaning both in the railway sector and housing associations, a he declared.
“These recent contract awards, along with an ever-growing pipeline of opportunities, indicate a return to the status quo for a number of our clients. They also demonstrate how Fidelis … has continued to operate as part of the larger group that generates quality revenue for both contract maintenance and specialized reactive cleaning services, ”said Managing Director Shaun Doak .
Shares at 08:19 GMT were up 0.08 pence, or 3.5%, to 2.25 pence.
Write to Anthony O. Goriainoff at [email protected]