Ten Lifestyle Group PLC Ten Wins New Client Mandate (8721N)
03 February 2021 - 10:00PM
UK Regulatory
TIDMTENG
RNS Number : 8721N
Ten Lifestyle Group PLC
03 February 2021
3 February 2021
Ten Lifestyle Group plc
("Ten" or the "Group")
Ten Wins New Client Mandate
Ten Lifestyle Group plc (AIM: TENG), a leading
technology-enabled global concierge platform for the world's
wealthy and mass affluent, announces that it has been awarded a new
mandate by an existing corporate client in EMEA; significantly
expanding an existing Extra Large(1) contract.
The new mandate will transition thousands of the client's
customers to a more premium, high-engagement programme, managed by
Ten. The transition, due to begin in summer 2021, is expected to
result in higher member activity and the expansion of the existing
Extra Large contract by the equivalent of a Medium contract by the
start of the 2022 financial year. This mandate win is incorporated
within the Group's existing growth plan.
(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 GBP0.25m); Medium contracts (between
GBP0.25m and GBP2m); Large contracts (over GBP2m); and Extra Large
contracts (over GBP5m). 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/ or contact:
Ten Lifestyle Group Plc
Alex Cheatle, Chief Executive Officer +44 (0)20 7850
Alan Donald, Chief Financial Officer 2796
Peel Hunt LLP, Nominated Advisor and Broker
Edward Knight
Paul Gillam +44 (0) 20 7418
Nick Prowting 8900
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group plc 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 quicker than they could
themselves.
Underpinned by industry-first technology, Ten provides its
trusted concierge services to its more than 2 million members,
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). Ten Lifestyle Group's
objective is to become the most trusted service platform in the
world.
For further information about Ten Lifestyle Group Plc, please go
to: www.tenlifestylegroup.com .
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END
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