Ten Lifestyle Group PLC Ten Wins Second Contract with the HSBC Group (5309D)
June 26 2019 - 8:53AM
UK Regulatory
TIDMTENG
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 GBP250,000 and GBP2 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."
- End -
For further information, please visit https://www.tengroup.com/
or contact:
Ten Lifestyle Group Plc via Tavistock
Alex Cheatle, Chief Executive Officer
Alan Donald, Chief Financial Officer
Kerry Anderson, Global Head of Brand Marketing +44 (0)20 7479
& Communications 3427
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, 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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END
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