TIDMTENG
RNS Number : 0224S
Ten Lifestyle Group PLC
11 November 2021
11 November 2021
Ten Lifestyle Group plc
("Ten" or the "Group")
Ten Secures Contract with Global Financial Services Firm to
provide Content Services
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 secured a
contract to deliver Content services for an existing major global
financial services client.
The Content service is expected to increase customer engagement
with Ten's digitally-enabled concierge service, launched in
December 2020, and with the client's customer proposition more
generally.
The addition of the revenue from the Content service is expected
to grow the existing Small (1) contract to a Medium contract in the
first half of this financial year.
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.
Alex Cheatle, CEO of Ten Lifestyle Group, said;
"In recent years, our editorial content has become an
increasingly important pillar of our member proposition. Our
in-house, professional journalists, creatives and media producers
create expertly crafted original videos, digital articles,
magazines, and premium destination and gift guides based on the
real actions and interests of our concierge members.
Ten's Content, now produced in 12 languages for multiple
corporate clients, engages members by complementing and often
inspiring the use of our concierge services, also drives customer
value for corporate clients and is a competitive advantage for Ten.
The content is typically hosted on our digital platform and shared
via targeted, personalised eCRM to interested members.
Ten's enhanced Content service is now available to new and
current clients across the globe."
For more insight, see our 'Content' case study under the 'What
Ten Does' tab on www.tenlifestylegroup.com
Notice of Preliminary Results
The Group expects to announce its preliminary results, for year
ended 31 August 2021, on 24 November 2021, where further details
will be provided.
The Group will also be presenting an Investor Webinar via the
Investor Meet Company platform on 30 November 2021 at 5:30pm
GMT.
The presentation is open to all existing and potential
shareholders. Questions can be submitted pre-event via your
Investor Meet Company dashboard up until 9am the day before the
meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and "add
to meet" Ten Lifestyle Group plc via:
https://www.investormeetcompany.com/ten-lifestyle-group-plc/register-investor
Investors who already follow Ten Lifestyle Group plc on the
Investor Meet Company platform will automatically be invited.
The Group will also be hosting an analyst presentation to
accompany its preliminary results at 9am on 24 November 2021. If
you would like to attend the analyst presentation, please email
Investorrelations@tengroup.com .
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.
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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November 11, 2021 02:00 ET (07:00 GMT)
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