Ten Lifestyle Group PLC Ten Wins New Contract with Global TMT Brand (4813Z)

TIDMTENG

RNS Number : 4813Z

Ten Lifestyle Group PLC

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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