28
March 2024
REACT Group
plc
("REACT", the "Group" or the
"Company")
AGM
Statement
REACT Group plc (AIM: REAT.L), the
leading specialist cleaning, hygiene, and decontamination company,
will today hold its Annual General Meeting ("AGM") at midday in
the BISHOPS SUITE,
Novotel London Blackfriars, 46 Blackfriars Road,
London SE1 8NZ.
Shareholders will be able to
participate in the AGM via the Investor Meet Company ("IMC")
platform however shareholders will not be able to vote at the
meeting as voting on all resolutions was conducted by way of proxy
and the deadline for proxy votes to be received has now
passed.
Shareholders wishing to participate
in the virtual AGM should sign up to IMC (at no cost) ahead of the
AGM via:
https://www.investormeetcompany.com/react-group-plc/register-investor
and request to meet the Company. Once registered,
shareholders will automatically be emailed an invitation which they
should accept in order to receive a unique link to access the
AGM.
Mark Braund, Executive Chairman, will make the following
statement at the AGM:
"Upon releasing the Company's
results for the year ended 30 September 2023, we were delighted to
announce a strong performance from the Group, marked by robust
organic growth, improved profitability and strong cash conversion.
We are pleased to announce that this momentum has continued into
the current financial year and the Group is taking advantage of
significant growth opportunities for its essential services.
As a result, the Board is pleased to report that
revenues for the first five months of FY24 were ahead of the
same period in FY23.
"Each division has perfomed well and
the Group continues to benefit from cross selling opportunities
which not only enhance our offering but also contribute to the
organic growth. It is particularly pleasing to deliver revenue
growth in a challenging market environment where our customers are
always striving for the best in class service that we
offer.
"The Group continues to maintain a
healthy balance sheet and is able to implement a considered
programme to invest in people, processes and systems the benefits
of which are already bearing fruit and will be more evident in
future years.
"Despite the economic headwinds, the
Board is cautiously confident about trading and will provide a
trading update in May."
For
more information:
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REACT Group
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Tel: +44
(0) 1283 550 503
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Shaun Doak, Chief Executive
Officer
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Spencer Dredge, Chief Financial
Officer
Mark Braund, Chairman
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Singer Capital Markets - Nominated Adviser & Joint
Broker
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Tel: +44
(0) 207 496 3000
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Philip Davies / Alex Bond / Oliver
Platts
|
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Dowgate Capital - Joint Broker
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Tel: +44
(0) 20 3903 7715
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Stephen Norcross / Nicholas
Chambers
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IFC
Advisory - Financial PR & IR
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Tel: +44
(0) 20 3934 6630
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Graham Herring / Zach
Cohen
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About Us:
REACT Group plc is the UK's leading
specialist and contract cleaning business and operates with three
divisions: LaddersFree, one of the largest commercial window
cleaning businesses in the UK; Fidelis Contract Services
("Fidelis"), a contract cleaning and facilities maintenance
business; and REACT business, which primarily provides a solution
to emergency and specialist cleaning situations, both through
long-term framework agreements and on an ad-hoc basis.