REACT Group plc:
Placing raising £5.5 million
Singer Capital Markets is delighted to have been appointed as Nominated Adviser & Sole Corporate Broker to REACT Group plc alongside a Placing raising £5.5 million for the Company.
The £5.5 million was raised through the placing of 458,333,332 Placing Shares at the Issue Price of 1.2 pence per Placing Share. The Placing Shares represent approximately 90.2 per cent. of the existing issued share capital of the Company.
The net proceeds receivable by the Company will be used to strengthen the balance sheet to support the Company’s acquisition growth strategy and general working capital purposes.
In addition to the Placing, Singer Capital Markets has also been appointed as Nominated Adviser & Sole Corporate Broker to the Company.
About REACT Group plc
REACT carries out specialist contract cleaning work across mainland UK 24/7, 365-days of the year, operating both regular hygiene maintenance programmes and specialist call out work. The Company operates across a diverse range of market sectors from education and the leisure industry, through to transport operators, police forces and the prison service.
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