REG - Ten Lifestyle Group - Ten Wins Second Contract with the HSBC Group

Ten LifestyleAnnouncement

26/06/2019 13:55

RNS Number : 5309D
Ten Lifestyle Group PLC
26 June 2019
 


26 June 2019
Ten Lifestyle Group plc
 
("Ten" or the "Company")
 
Ten Wins Second Contract with the HSBC Group
 
Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled lifestyle and travel platform for the world's wealthy and mass affluent, is pleased to announce it has won a two-year contract with HSBC Bank (Singapore) Limited ("HSBC"), its second contract with the HSBC Group.  
 
The contract to provide concierge services to its Visa Infinite cardholders in Singapore is currently delivered by a competitor and the transitioning process has already begun, with services expected to go live in July 2019. The contract is expected to be a Medium contract 1.
 
(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 follows:
 

·      Medium contracts (between £250,000 and £2 million).

 
Alex Cheatle, CEO, Ten Lifestyle Group plc, said;
 
"Following the successful launch of a HSBC Group concierge service globally in June 2018, we are delighted to have been awarded another contract by HSBC Group, one of the world's largest banking and financial services organisations. We look forward to bringing our digital and high-touch travel and lifestyle concierge expertise to HSBC's valued Visa Infinite cardholders in Singapore."
 
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For further information, please visit https://www.tengroup.com/ or contact:
 



Ten Lifestyle Group Plc
Alex Cheatle, Chief Executive Officer
Alan Donald, Chief Financial Officer
Kerry Anderson, Global Head of Brand Marketing & Communications
 


via Tavistock
 
 
+44 (0)20 7479 3427




Jefferies International Limited, Nominated Advisor
Simon Hardy
Christopher Binks
 


+44 (0) 20 7029 8000




Peel Hunt LLP, Joint Broker
Edward Knight
Peter Stewart
Nick Prowting
 


+44 (0) 20 7418 8900




Tavistock, Financial PR & IR
Jos Simson
Simon Hudson
Jenny Boyd


+44 (0) 20 7920 3150



 
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group plc is a leading, travel and lifestyle concierge service, helping wealthy individuals to discover, organise, and enjoy travel, dining, live entertainment, and the world of luxury, cheaper, and quicker than they could themselves.
Underpinned by industry-first technology, Ten provides its trusted concierge service to its more than 2 million members 24/7, 365 days a year, wherever they are in the world. Founded in 1998, the growing business now has over 800 staff, 22 global offices and is listed on the AIM market of the London Stock Exchange (AIM: TENG).
For further information about Ten Lifestyle Group Plc, please go to: https://www.tengroup.com/.
 
 
 
 




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