REG - Ten Lifestyle Group - Ten wins new contract with Emirates NBD

Ten LifestyleAnnouncement

27/03/2024 07:00

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RNS Number : 3821I  Ten Lifestyle Group PLC  27 March 2024

27 March 2024

Ten Lifestyle Group plc

("Ten")

Ten wins new contract with Emirates NBD

 

Ten Lifestyle Group plc (AIM: TENG), the global concierge platform driving
customer loyalty for global financial institutions and other premium brands,
is pleased to announce that it has won a multi-year contract with Emirates
NBD, a leading banking group in the MENAT (Middle East, North Africa and
Türkiye) region.

 

Ten will soon launch a concierge and lifestyle programme for UHNW (Ultra High
Net Worth) clients of Emirates NBD based in the UAE, including offers and
experiences exclusive to these members. Anticipated to be a Medium(1) contract
in its inaugural year, with potential to expand in the future.

 

Alex Cheatle, Chief Executive Office of Ten Lifestyle Group plc, said;

 

"I am delighted that we have won a significant new contract with Emirates NBD,
one of the most prestigious banking groups in the region, and will be
launching our services to their UHNW clients soon. This win will further
strengthen our presence and scale in the Middle East, where we anticipate
continued growth.

 

This contract win, along with further expected contract wins and developments,
is expected to underpin revenue growth in H2 2024."

 

( )

(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.

 

- 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

 Singer Capital Markets Advisory LLP, Nominated Advisor and Broker   +44 (0) 20 7496 3000

 Corporate Finance: James Moat / Oliver Platts

 Corporate Broking: Tom Salvesen / Charles Leigh-Pemberton

 

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 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 over 20 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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