REACT Group plc

("REACT" or the "Company")

Grant of Options, Exercise of Options & TVR

The Board of REACT (AIM: REAT), the leading specialist cleaning, hygiene and decontamination company, announces certain dealings in its shares as detailed below.

Grant of Options

On 15 November 2022, the Company granted 53,387,343 options over new ordinary shares of 0.25p each in the Company ("Options") to certain board members and employees, as detailed below:

The Options have an exercise price of 0.25p (equivalent to the nominal value of an Ordinary Share) and, once vested, are exercisable from the date two years after the date of grant up to five years after the date of the grant, subject to performance conditions set out below.

The Options vest subject to performance criteria whereby the average mid-market closing share price of the Company's Ordinary Shares in any consecutive ten-day period until 15 November 2027 remains above the defined levels, as follows:

The Options granted represent 5.1% of the Company's current issued share capital. In total 95,695,078 Options are now outstanding, representing 9.1% of the Company's current issued share capital.

Exercise of Options

The Company also announces that that it has issued 7,975,816 ordinary shares of 0.25 pence each in the Company ("Ordinary Shares") pursuant to an exercise of options by Gillian Leates, previous Executive Chairman.

Application has been made to the London Stock Exchange for 7,975,816 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 8.00 a.m. on 22 November 2022.

Total Voting Rights

Following Admission, the Company's total issued share capital will be 1,057,648,507 Ordinary Shares.  The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 1,057,648,507.

This figure of 1,057,648,507 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Further details are set out in the below notification, made in accordance with the requirements of the UK Market Abuse Regulation.  

For further information: