REG - Ten Lifestyle Group - Ten maintain 100% contract retention with EMEA win

Ten LifestyleAnnouncement

07/02/2022 07:00

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RNS Number : 8126A  Ten Lifestyle Group PLC  07 February 2022

7 February 2022

Ten Lifestyle Group plc

("Ten" or the "Group")

Ten maintains 100% contract retention with competitive tender win in EMEA

 

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 competitive tender with an existing global financial
services client to continue providing digitally-enabled concierge services to
its customers in the EMEA region.

 

The client's renewed commitment to driving the engagement of its
high-net-worth customers, and increased activity as EMEA continues to recover
from the effects of the pandemic, are expected to grow the existing Medium(1)
contract, with the potential to become a Large contract during the multi-year
term of the renewal.

 

This renewal is incorporated within the Group's existing growth plan.

 

Alex Cheatle, CEO of Ten Lifestyle Group, said:

"Winning this competitive tender with an existing major global financial
services client demonstrates the competitive resilience of Ten's proposition,
which has enabled the Group to retain all Material Contracts during the last
two years."

 

(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.
Medium, Large and Extra Large contracts are collectively Ten's "Material
Contracts".

 

- End -

 

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.
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
(http://www.tenlifestylegroup.com/) .

 

 

 

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