Ten Lifestyle Group PLC Ten appoints new Executive Director (6297Q)

TIDMTENG

RNS Number : 6297Q

Ten Lifestyle Group PLC

22 February 2023

Ten Lifestyle Group plc

("Ten" or the "Company")

Ten appoints new Executive Director

Ten Lifestyle Group plc (AIM: TENG), the platform driving customer loyalty for global financial institutions and other premium brands, today announces the appointment of Victoria Carvalho, Chief Proposition Officer, as an Executive Director of the Board.

Victoria joined Ten's Senior Leadership Team in April 2018 as Managing Director and became Chief Proposition Officer in November 2022. Victoria has more than 20 years of experience working in strategic roles focused on operational growth. Prior to joining Ten, she spent 5 years as Vice President, Global Client Services and Operations for Nasdaq and 11 years with Thomas Reuters in New York and London.

Sarah Hornbuckle will also today step down as Executive Director and will remain with Ten as Client Services Director.

Bruce Weatherill, Chairman of Ten Lifestyle Group, said;

"We are delighted to appoint Victoria as a new Executive Director of the Board. Since joining Ten in 2018, she has been key to developing Ten's unique proposition that provides access to a wide range of benefits and experiences across major consumer markets. As a member of the senior leadership team, she has made a significant contribution to Ten and we are confident that as a member of the Board, she will continue to drive this strategically important area of the business forward in the years ahead.

Sarah has been instrumental in the success of Ten since she joined the business in 2001 and we are very grateful for her significant contribution as a member of the Board."

Additional disclosures

As at the date of this announcement, Victoria Louise Carvalho (née Anderson) (age 44) has a beneficial interest in 88,493 ordinary shares in the Company, representing 0.11% of the total voting rights of the Company. Victoria also currently holds a total of 301,044 options over ordinary shares in the Company, granted under the Company's Management Incentive Plan (MIP), Company Share Option Plan (CSOP) and Salary Sacrifice Scheme:

 
   Share option      Date of grant     Number of ordinary 
       scheme                          shares under option 
 CSOP                  23/08/2019            25,210 
                    ---------------  --------------------- 
 MIP                   07/12/2019            32,000 
                    ---------------  --------------------- 
 Salary Sacrifice      09/07/2020            32,000 
                    ---------------  --------------------- 
 Salary Sacrifice      24/11/2020            42,667 
                    ---------------  --------------------- 
 MIP                   07/12/2020            32,000 
                    ---------------  --------------------- 
 Salary Sacrifice      24/03/2021            42,667 
                    ---------------  --------------------- 
 MIP                   07/08/2022            32,000 
                    ---------------  --------------------- 
 CSOP                  13/10/2022            62,500 
                    ---------------  ---------------------

Victoria is currently a director of 141 Hammersmith Grove Residents Management Company Limited.

There is no further information to be disclosed in accordance with the requirements of Schedule Two paragraph (g) of the AIM rules.

- 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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