Ten Lifestyle Group PLC Ten upgrades contract in Latin America (6944G)
November 17 2022 - 2:00AM
UK Regulatory
TIDMTENG
RNS Number : 6944G
Ten Lifestyle Group PLC
17 November 2022
17 November 2022
Ten Lifestyle Group plc
("Ten" or the "Group")
Ten upgrades contract in Latin America
Ten Lifestyle Group plc (AIM: TENG), the platform driving
customer loyalty for global financial institutions and other
premium brands, is pleased to announce that a concierge programme
for the premium cardholders of an issuing bank in Latin America is
being upgraded.
On 9 August 2022, it was announced that Ten won a competitive
tender with an existing global client to launch a digitally enabled
concierge programme for the premium cardholders of an issuing bank
in Latin Americas.
It was expected that the new deal would represent a Medium (1)
contract in 2023.
Member engagement with new programme has exceeded expectations,
leading to an additional commitment from the corporate client to
expand the programme, including paid-for customised content and
assets, to further drive their customer loyalty objectives.
It is now expected that the programme will represent a Large
contract in 2023.
(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: 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. Medium, Large and Extra Large contracts are collectively
Ten's "Material Contracts".
- 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
Paul Gillam +44 (0) 20 7418
James Smith 8900
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group plc partners with global financial
institutions and other premium brands to attract and retain wealthy
and mass affluent customers.
Millions of members have access to Ten's services across
lifestyle, travel, dining, entertainment and retail benefits on
behalf of over fifty clients including HSBC, Coutts, Morgan Stanley
and Royal Bank of Canada. Ten's partnerships are based on
multi-year contracts generating revenue through
platform-as-a-service and technology fees.
Ten's operations are underpinned by an increasingly
sophisticated personalisation platform comprising industry-first,
proprietary technology, thousands of supplier relationships and 25
years of proprietary expertise delivered from 22 global
offices.
Ten is on a mission to become the most trusted service platform
in the world.
For further information please go to: www.tenlifestylegroup.com
.
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END
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