REG - Ten Lifestyle Group - Contract

Ten LifestyleAnnouncement

28/04/2022 07:15

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RNS Number : 6173J  Ten Lifestyle Group PLC  28 April 2022

28 April 2022

Ten Lifestyle Group plc

("Ten" or the "Group")

Ten Engaged to Support Client's Digital Strategy

 

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 been engaged by a corporate client, with whom Ten has an
existing Large(1) contract, to support its global digital strategy to enhance
customer experience and drive greater efficiencies.

 

The paid-for project involves Ten's technology, product and content teams
working to further develop Ten's proprietary platform and content, under the
client's brand, to be used by their valued customers. Much of Ten's digital
services are already integrated into the client's own customer-facing platform
and this project further strengthens Ten's position as the client's trusted
concierge technology partner.

 

The fee for this project is the equivalent of a Medium contract and is
incorporated within the Group's existing growth plan.

 

Alex Cheatle, CEO of Ten Lifestyle Group, said;

 

"This paid-for project is another example of how our corporate clients can be
willing to invest into our technology platform to help their customer metrics
and it signifies another vote of confidence in our technology and helps
confirm Ten as a trusted technology partner."

 

 

(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 £0.25m);
Medium contracts (between £0.25m and £2m); Large contracts (between £2m and
£5m); and Extra Large contracts (over £5m). This does not include the
revenue generated from suppliers through the provision of concierge services.

 

 

For further information, please visit https://www.tenlifestylegroup.com/
(https://www.tenlifestylegroup.com/)  or contact:

 

 Ten Lifestyle Group Plc                       +44 (0)20 7850 2796

 Alex Cheatle, Chief Executive Officer

 Alan Donald, Chief Financial Officer

 Peel Hunt LLP, Nominated Advisor and Broker   +44 (0) 20 7418 8900

 Edward Knight

 Paul Gillam

 James Smith

Notes to Editors:

About Ten Lifestyle Group Plc

Ten Lifestyle Group plc (http://www.tenlifestylegroup.com)  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
(http://www.tenlifestylegroup.com/) .

 

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