Ten Lifestyle Group PLC Ten wins new contract in Japan (7354Y)
18 Enero 2022 - 1:00AM
UK Regulatory
TIDMTENG
RNS Number : 7354Y
Ten Lifestyle Group PLC
18 January 2022
18 January 2022
Ten Lifestyle Group plc
("Ten" or the "Group")
Ten wins new contract in Japan
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
contract with one of Japan's largest wealth management
businesses.
The new, multi-year contract will see Ten's digitally-enabled
concierge services being made available for the first time to the
new corporate client's high-net-worth wealth management customers
during this financial year. The contract is expected initially to
be Small(1) , with the potential to grow into a Medium contract
during the next financial year.
This new contract is incorporated within the Group's existing
growth plan.
Alex Cheatle, CEO of Ten Lifestyle Group, said:
"I am delighted that one of Japan's largest wealth managers is
the latest major financial services business in the country to be
offering Ten's digitally-enabled concierge service to their most
valued customers.
Since establishing an office over ten years ago, Ten has grown
to scale in Japan, the home to the third largest population of
millionaires (2) and one of the Group's key markets in the APAC
region. This new contract will further strengthen Ten's business in
Japan, where we expect activity to increase as the country emerges
from the pandemic."
(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.
(2) Global Wealth Databook 2021, Credit Suisse. Retrieved June
24, 2021.
- 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
.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CNTEAPFXFLSAEFA
(END) Dow Jones Newswires
January 18, 2022 02:00 ET (07:00 GMT)
Ten Lifestyle (LSE:TENG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Ten Lifestyle (LSE:TENG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024