Ten Lifestyle Group PLC Ten Wins New Employee Loyalty Contract (4721X)

TIDMTENG

RNS Number : 4721X

Ten Lifestyle Group PLC

30 April 2019

Ten Lifestyle Group plc

("Ten" or the "Company")

Ten Wins New Employee Loyalty Contract

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, employee loyalty contract with a global management consulting firm from an incumbent supplier. Ten will deliver a dedicated, high-touch, and Ten-branded digital concierge service to executive Partners worldwide.

Ten is launching its lifestyle concierge services to Partners based in the United States, United Kingdom, Hong Kong and the UAE as a Small contract(1) . It is intended that the parties will then work to expand the programme to Partners in the firm's further global locations, building this to a Medium contract(1) by the end of 2019.

(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:

   --     Small contracts (below GBP250,000); and 
   --     Medium contracts (between GBP250,000 and GBP2 million).

Alex Cheatle, CEO, Ten Lifestyle Group plc, said;

"This employee loyalty contract reinforces our strategy to continue investment in the enhanced digital platform, expand globally and enter into new business verticals. Our mobile and digitally-enabled concierge services can help drive loyalty for the most premium companies by supporting colleagues to be more productive with their time and feel even more aspirational about their employer. We are delighted to be working with this leading management consulting firm and look forward to a successful partnership and making the lives of their valued Partners easier."

- End -

For further information, please visit https://www.tengroup.com/ or contact:

 
 Ten Lifestyle Group Plc                            via Tavistock 
  Alex Cheatle, Chief Executive Officer              +44 (0)20 7479 
  Sean Hegarty, Chief Financial Officer              3427 
  Kerry Anderson, Global Head of Brand Marketing 
  & Communications 
 Jefferies International Limited, Nominated 
  Advisor 
  Simon Hardy                                       +44 (0) 20 7029 
  Christopher Binks                                  8000 
 Peel Hunt LLP, Joint Broker 
  Edward Knight                                     +44 (0) 20 7418 
  Peter Stewart                                      8900 
 Tavistock, Financial PR & IR 
  Jos Simson 
  Simon Hudson                                      +44 (0) 20 7920 
  Jenny Boyd                                         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, 20 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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