The Corporate Team at Gloucestershire-based BPE Solicitors has once again advised AIM-quoted client, REACT Group PLC, on its recent placing of shares which raised £1.25 million before expenses. The placing was materially oversubscribed, following demand from both new and existing investors.
REACT's specialist deep cleaning and decontamination services are in demand, as a result of the COVID-19 crisis, and recent trading has been ahead of management expectations. The proceeds of this successful placing will help support the company's ambitious growth plans.
Led by Corporate Partner, Louise Grzasko, with support from Kathryn King, the Corporate Team advised REACT on the fundraising, working alongside SPARK, the company's nominated adviser, and Allenby Capital, the company's broker.
Commenting on the deal, Shaun Doak, CEO of REACT, said: "The team at BPE has supported REACT for several years and has always been a great team to work with. It was especially important to work with experts on this placing and the advice we received was first rate."
Louise Grzasko added: "It's been a pleasure to work with REACT again. We have been involved with the company since 2014 and it is fantastic to see their continued success, especially at this unprecedented time. We look forward to having more opportunities to work with REACT as it executes its growth plans."