REG - Ten Lifestyle Group - Ten upgrades contract in Latin America

Ten LifestyleAnnouncement

17/11/2022 07:00

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RNS Number : 6944G  Ten Lifestyle Group PLC  17 November 2022

17 November 2022

Ten Lifestyle Group plc

("Ten" or the "Group")

Ten upgrades contract in Latin America

 

Ten Lifestyle Group plc (AIM: TENG), the platform driving customer loyalty for
global financial institutions and other premium brands, is pleased to announce
that a concierge programme for the premium cardholders of an issuing bank in
Latin America is being upgraded.

 

On 9 August 2022, it was announced that Ten won a competitive tender with an
existing global client to launch a digitally enabled concierge programme for
the premium cardholders of an issuing bank in Latin Americas.

 

It was expected that the new deal would represent a Medium(1) contract in
2023.

 

Member engagement with new programme has exceeded expectations, leading to an
additional commitment from the corporate client to expand the programme,
including paid-for customised content and assets, to further drive their
customer loyalty objectives.

 

It is now expected that the programme will represent a Large contract in 2023.

 

( )

(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

 Paul Gillam

 James Smith

 

Notes to Editors:

About Ten Lifestyle Group Plc

Ten Lifestyle Group plc (http://www.tenlifestylegroup.com)  partners with
global financial institutions and other premium brands to attract and retain
wealthy and mass affluent customers.

Millions of members have access to Ten's services across lifestyle, travel,
dining, entertainment and retail benefits on behalf of over fifty clients
including HSBC, Coutts, Morgan Stanley and Royal Bank of Canada. Ten's
partnerships are based on multi-year contracts generating revenue through
platform-as-a-service and technology fees.

Ten's operations are underpinned by an increasingly sophisticated
personalisation platform comprising industry-first, proprietary technology,
thousands of supplier relationships and 25 years of proprietary expertise
delivered from 22 global offices.

Ten is on a mission 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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