Ten Lifestyle Group PLC Ten Expands Contract with Barclays Bank UK plc (2203M)
20 Septiembre 2021 - 1:00AM
UK Regulatory
TIDMTENG
RNS Number : 2203M
Ten Lifestyle Group PLC
20 September 2021
20 September 2021
Ten Lifestyle Group plc
("Ten" or the "Group")
Ten Expands Contract with Barclays Bank UK plc
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 that it has
secured a multiple-year renewal of its contract with Barclays Bank
UK plc, one of Ten's longstanding corporate clients.
Ten's concierge and lifestyle services, including Ten's
proprietary digital platform, will soon be made available to all
Barclays Bank personal current account holders with the Barclays
Travel Plus Pack. This will replace access to Ten's services via
the retiring Barclays Bank Home Pack product, which has been
off-sale for a number of years.
The existing Medium(1) contract is expected to grow as a result
of the service being attached to an 'on-sale' banking product with
a larger customer base.
This contract expansion is incorporated within the Group's
existing growth plan.
(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
Nick Prowting 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.
Underpinned by industry-first technology, Ten provides its
trusted concierge services to its more than 2 million members,
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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