Ten Lifestyle Group PLC EMEA Update (3125A)

TIDMTENG

RNS Number : 3125A

Ten Lifestyle Group PLC

01 June 2021

1 June 2021

Ten Lifestyle Group plc

("Ten")

EMEA Update

Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled, global concierge platform for the world's wealthy and mass affluent provides the following updates in the EMEA region:

-- The roll-out of Ten's digitally-enabled concierge services to the clients of a blue chip wealth management business, following a successful initial pilot. This increases the size of the contract to a Medium contract, with the potential to develop into a Large contract by the end of the 2022 financial year.

-- The launch of new concierge programmes with a Scandinavian bank and a Fintech card product under an existing Medium contract with a global payment services provider.

The Board does not expect these changes to have a material impact on their expectations for the second half of the year.

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 (between GBP2m and GBP5m); 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 .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CNTABMTTMTAJTFB

(END) Dow Jones Newswires

June 01, 2021 02:00 ET (06:00 GMT)

Ten Lifestyle (LSE:TENG)
Historical Stock Chart
From Sep 2024 to Oct 2024