Ten Lifestyle Group PLC Ten wins new contract in the Americas (1326Y)
12 Enero 2022 - 1:00AM
UK Regulatory
TIDMTENG
RNS Number : 1326Y
Ten Lifestyle Group PLC
12 January 2022
12 January 2022
Ten Lifestyle Group plc
("Ten" or the "Group")
Ten wins new contract in the Americas
Ten Lifestyle Group plc (AIM: TENG), a leading
technology-enabled, global concierge platform for the world's
wealthy and mass affluent, is pleased to announce it has won a
multi-year contract with a new corporate client that is one of the
world's largest private banks and wealth managers.
In the spring of 2022, Ten plans to launch its digitally-enabled
concierge service to a select group of the new client's private
banking customers in the Americas.
This is expected to be a Medium(1) contract with the potential
to grow if the success of this initial launch leads to the
expansion of the service to other geographies and private banking
customer groups.
This new contract is incorporated within the Group's existing
growth plan.
Alex Cheatle, CEO of Ten Lifestyle Group, said:
"I am delighted that we have won a significant contract with a
new corporate client that is one of the world's largest and most
prestigious private banks and we will soon be launching our
digitally-enabled concierge service to their highly valued
customers in the Americas. We hope the success of this programme
may lead to the further expansion of the service and the growth of
a strong and long-lasting partnership with this new corporate
client.
This is a significant development for Ten in the Americas,
further strengthening our scale in the region, and the Group's
business within the private banking and wealth management sector
globally."
(1) Ten categorises its corporate client contracts based on the
annualised value paid, or expected to be paid, by the corporate
client for the provision of concierge and related services by Ten
as: Small contracts (below GBP0.25m); Medium contracts (between
GBP0.25m and GBP2m); Large contracts (between GBP2m and GBP5m); and
Extra Large contracts (over GBP5m). This does not include the
revenue generated from suppliers through the provision of concierge
services.
- End -
For further information, please visit
https://www.tenlifestylegroup.com/ or contact:
Ten Lifestyle Group Plc
Alex Cheatle, Chief Executive Officer +44 (0)20 7850
Alan Donald, Chief Financial Officer 2796
Peel Hunt LLP, Nominated Advisor and Broker
Edward Knight
Paul Gillam +44 (0) 20 7418
James Smith 8900
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group plc is a leading technology-enabled, global
concierge platform, helping wealthy and mass affluent individuals
and their families to discover, organise, and enjoy dining, live
entertainment, travel and premium retail (and other relevant
services) with better results and more quickly than they could
themselves. Many of the world's leading brands pay Ten to support
their most valued customers.
Underpinned by industry-first technology, Ten provides its
trusted concierge services to millions of members, in over 15
languages, 24/7, 365 days a year, wherever they are in the world.
Founded in 1998, the business listed on the AIM market of the
London Stock Exchange in November 2017 (AIM: TENG).
The growth engine at the heart of Ten's business model is the
driving force behind its progress towards its objective to become
the most trusted service platform in the world.
For further information please go to: www.tenlifestylegroup.com
.
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END
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