Ten Lifestyle Group PLC Ten Wins New Contract with Global TMT Brand (4813Z)
May 20 2019 - 2:00AM
UK Regulatory
TIDMTENG
RNS Number : 4813Z
Ten Lifestyle Group PLC
20 May 2019
20 May 2019
Ten Lifestyle Group plc
("Ten" or the "Company")
Ten Wins New Contract with Global TMT Brand
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 new
three-year contract with a global brand within the TMT sector.
The service is expected to be a Medium(1) contract in the
2019/20 financial year, and then grow into a Large contract in the
2020/21 financial year.
(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 GBP250,000 and GBP2 million); and
-- Large contracts (over GBP2 million).
Alex Cheatle, CEO, Ten Lifestyle Group plc, said;
"We are very pleased to announce a new contract which will see
Ten enable a global brand to offer high-touch and digital concierge
services to their customers for the first time. The TMT sector is
new territory for us and we are excited for the growth and
international expansion we hope will come with this partnership. We
will announce further information once the service has
launched."
- 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
Peter Stewart +44 (0) 20 7418
Nick Prowting 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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END
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