React Group (LSE:REAT) — Annual General Meeting

0:01 Good afternoon, and welcome to the REACT GROUP PLC Annual General Meeting. I would now like to hand you over to Chairman Mark Braun. Good afternoon to you, sir. Good afternoon, and good afternoon, ladies and gentlemen. Welcome to the Annual General Meeting. As is always the case, I have to read script in order to be doing the role accurately. So forgive my my lack of of candor. I'm I'm not that good at reading, to be honest. So you also have to be a little bit patient with me. So forgive me. I'm gonna dive straight into it, and, I'd say my eyes are probably gonna be on on the paper rather than on on the camera, so apologies. The notice of annual general meeting was issued on the 03/05/2026, and in and due notice of the meeting has accordingly been issued to the company's members.

0:52 We have a number of shareholders in attendance at this meeting via the investor meet company platform, but as set out in a letter from me, the chair of the company, which accompanied the notice of the annual general meeting, none of them will be able to vote on the matters to be considered at this annual general meeting. There are also a number of people attending this annual general meeting in person who are not members of the company, including certain of our advisers. Unless anyone has any objections to the attendance of such nonmembers, I shall continue by formally opening the meeting. No objections. Okay. The quorum for this meeting is two members present in person or by proxy.

1:38 Having checked the number of persons present, I declare that the quorum is present, and I further declare the meeting open. Before proceeding to the business of the meeting, I would like to remind you of the methods of voting at this meeting. Resolutions will be decided on a show of hands unless a poll is demanded in accordance with the articles of association of the company before or on the declaration of the result of a vote of result of a vote of on a show of hands. On a show of hands, every member or corporate representative who is present either in person or by proxy has one vote. And on a poll, every member or corporate representative present in person or by proxy has one vote for every share of which he or she is the holder.

2:28 A poll may be demanded by me as chair, or by at least five members or their proxies having the right to vote at the meeting, or by any member or members present in person or by proxy and representing in aggregate not less than 10% of the total voting rights of all members having the right to vote at the meeting. So with your permission, I propose that we take the notice convening the meeting as having been read. Is this agreed? Yes. Good. Brilliant. I would now like to introduce the board. We have Sean Dope. You raise your hand, Sean. He's our CEO, and Spencer Dredge is our CFO, and myself as chair. Our two nonexec directors are joining us via the platform.

3:28 Before starting the formal proceedings, I'd like to read out a statement on trading during the year that was released to the market by our regulatory information service this morning. And the statement reads as follows. REACT GROUP PLC, the leading specialist support services provider for the FM industry, is pleased to report that the group continues to perform well, supported by a more stable trading environment than at this time last year, notwithstanding disruption caused by the recent geopolitical events of developments in The Middle East. Sales and marketing initiatives are delivering positive results across all divisions, and our new business pipeline remains encouraging.

4:15 Twenty four hour Aquaflow services now well established within the group continues to strengthen its position and contribute positively. Collaboration across the organization remains a natural part of how we operate, supporting efficiency and consistency in service delivery. Project Sparkle, our digital platform supporting the nationwide commercial window cleaning business, is performing well and is now a clear differentiator. The next phase, development of a customer portal, is underway and is expected to be delivered quickly and cost effectively. Looking ahead, our strategic priorities remain focused on scaling high quality specialist services, improving operational efficiencies through targeted investment and deepening relationships with customers who value reliability and quality.

5:07 We continue to apply disciplined operational management while maintaining the flexibility to adapt our focus as market conditions evolve. While mindful of wider macroeconomic uncertainties, including recent disruption in global energy and logistics markets arising from the conflict that began in late February, demand for our services remains robust. These events have emerged only in recent weeks, the board continues to monitor their potential impact on input and logistical costs, which remain manageable at present. Overall, the Board is confident in the strength of our offering, the resilience of our operations and the group's ability to deliver sustainable progress. And that is the conclusion of the AGM statement.

5:56 I would now like to start the formal proceedings of this annual general meeting, so we will proceed to vote on the resolutions which I will formally propose to the meeting. The full text of each of the resolutions is set out in the notice of meeting, a copy of which you will have been you will have received. Number one, resolution to receive and adopt the accounts. The first resolution is to receive and adopt the company's annual accounts for the financial year ended 09/30/2025 together with the directors report and auditors report thereon. Are there any questions? Nope. I now propose resolution one as an ordinary resolution.

6:43 All those in favor, please raise their hands. K. That's five. All those against is zero. I hold 16 proxy votes, equating to 4,214,080 shares in favor. No chairman's discretion vote discretionary votes, no votes against, and three votes, equating to 29,218 shares withheld. I therefore declare that this resolution has been passed. Number two, resolution to reappoint auditors and to determine their remuneration. The second resolution relates to the appointment of Dames LLP as auditors of the company to hold office from the conclusion of this annual general meeting until the conclusion of the next annual general meeting at which the accounts are laid before the company and gives the directors authority to determine their remuneration.

7:43 Any questions? No? I now propose resolution two as an ordinary resolution. All those in favor, please raise their hands. That's five. All those against is zero. I hold 16 proxy votes amounting to 4,213,900 shares in favor. No chairman's discretionary votes, three against, equating to 24,620 shares, and one vote of 4,778 shares withheld. I therefore declare the resolution has been passed. Number three, resolution to reelect the director.

8:29 The third resolution relates to the appointment as a director of Michael Joyce, who is retiring in accordance with the articles of association and being eligible, is offering himself a reelection at this general meeting. The board is recommending that Michael Joyce be reelected as a director. Are there any questions? Nope. I now propose resolution three as an ordinary resolution. All those in favor, please raise their hands. That's five four zero against. I hold 15 proxy votes amounting to 4,201,880 shares in favor. No chairman's discretionary votes, one against, equating to 12,200 shares, and three votes of 29,218 shares withheld.

9:21 I therefore declare this resolution has been passed. Resolution number four is resolution to authorize allotment of shares. This relates to the authority to allot shares and grant rights to subscribe for or to convert any security into shares of the company. The maximum number of shares that may be allotted under this authority is limited to, point one, an aggregate nominal value nominal amount of £984,858, and point two, a further aggregate nominal amount of £1,969,717 reduced by the amount of any allotment under point one above.

10:13 Are there any questions? K. I now propose resolution four as an ordinary resolution. All those in favor, please raise their hands. That's five for, zero against. I hold 15 proxy votes amounting to 4,189,989 shares in favor. No chairman's discretionary votes, four against, equating to 28,869 shares, and two votes of 24,440 shares are withheld. I therefore declare the resolution has been passed. Number five, resolution to disapply preemption provisions. Resolution five will give the directors authority to allot equity securities for cash without first offering them to existing shareholders in proportion to their existing holding of shares.

11:11 This authority shall be limited to the allotment of shares sorry, the allotment of equity securities in connection with a rights issue or other preemptive offer or otherwise, the allotment of equity securities for of or sorry. Let me start again. Or otherwise, the allotment of equity securities or sale of treasury shares to any person up to the aggregate nominal amount of £295,457. Any questions? Oh, I now propose resolution five as a special resolution. All those in favor, please raise their hands. Five four, zero against. I hold 15 proxy votes of 4,189,989 shares in favor. No chairman's discretionary votes.

12:06 Four against of 28,869 shares, and two votes of 24,440 shares withheld. I declare that the resolution has therefore been passed. Number six, resolution to further disapply preemption provisions. Resolution six will give the directors further authority to allot equity securities for cash without first offering them to existing shareholders in proportion to their existing holding of shares. This authority shall be limited to the allotment of equity securities up to an aggregate nominal amount of £295,457 but only in connection with the financing or refinancing of an acquisition or other capital investment.

12:52 Are there any questions? Nope. I now propose resolution six as a special resolution. All those in favor, please raise their hands. Five in favor, zero against. I hold 15 proxy votes of 4,189,989 shares in favor. No chairman's discretionary votes, four against, equating to 28,869 shares and two votes of 24,440 shares withheld. I declare that the resolution has been passed. Number seven, resolution to authorize directors to make market purchases of ordinary shares.

13:40 Resolution seven will give directors authority to make market purchases of the company's ordinary shares. This authority should be limited to 2,363,661 ordinary shares. Any questions? No? Okay. All those in favor, please raise their hands. That's five with no votes against. I hold 16 proxy votes of 4,214,080 shares in favor. No chairman's discretionary votes. One against of 400 and sorry, 4,778 shares and two votes of 24,440 shares withheld. I declare the resolution has therefore been passed.

14:28 Now that concludes the formal proceedings of the meeting, and I accordingly now declare this annual general meeting of the company closed. The meeting the results of the meeting will be announced to the market through our regulatory information service and posted on our website as soon as practical. Thank you very much for attending. Thank you. Fantastic. Thank you for updating attendees today. On behalf of the board, we would like to thank you for attending today's annual general meeting, and good afternoon to you all. Thank you.