Ten Lifestyle Group PLC Ten Wins First Contract with HSBC (7592H)
March 15 2018 - 3:00AM
UK Regulatory
TIDMTENG
RNS Number : 7592H
Ten Lifestyle Group PLC
15 March 2018
Ten Lifestyle Group plc
("Ten" or the "Company")
Ten Wins First Contract with HSBC
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 signed a
significant contract with HSBC Group ("HSBC" or "the Group") to
provide concierge services to one of the Group's exclusive wealth
propositions.
This is Ten's first contract with HSBC and follows a competitive
tender. The transitioning process has already begun, with services
expected to go live in early summer 2018. The service will be
rolled out globally for relevant HSBC customers.
The contract is expected to be a Large contract(1) .
Alex Cheatle, CEO, Ten Lifestyle Group plc, said;
"We are delighted to have been awarded this significant contract
with HSBC Group, one of the world's largest banking and financial
services organisations. Since the start of Ten's global expansion
with the opening of our Hong Kong office back in 2005, we have
continued to be the pioneer of technology-enabled, premium travel
and lifestyle services around the world, and we look forward to
bringing this expertise to HSBC's valued customers."
(1) Contracts where Ten provides concierge and related services
where the annual value of net revenue is over GBP2 million.
- End -
For further information, please contact:
Ten Lifestyle Group Plc via Tavistock
Alex Cheatle, Chief Executive Officer
Sean Hegarty, Chief Financial Officer
Kerry Anderson, Head of PR +44 (0)20 7479 3427
Jefferies International Limited +44 (0) 20 7029 8000
Nominated Advisor
Simon Hardy
Christopher Binks
Tavistock +44 (0) 20 7920 3150
Jos Simson
Mark Foxwell
Sophie Praill
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group Plc, founded in 1998, is a leading,
technology-enabled lifestyle and travel platform, providing trusted
concierge services to its members around the clock, 365 days a
year. The Group currently has a headcount of over 750 staff around
the world and is listed on the AIM market of the London Stock
Exchange (AIM: TENG).
Ten assists its members to discover, organise and book travel,
dining and live entertainment; seeking to save them both time and
money. Through Ten's service proposition, members can achieve
superior access, experiences and outcomes, more cost-effectively
and conveniently than they could have achieved on their own. Ten
provides a high-touch travel and lifestyle concierge service,
underpinned by its proprietary technology-enabled platform.
Across the business, Ten manages and provides its personalised
service to more than 1.6 million registered private and corporate
individuals on behalf of over 40 organisations.
Ten is headquartered in London, with offices in 20 locations
globally serving its growing global network of members.
For further information about Ten Lifestyle Group Plc, please go
to: https://www.tengroup.com/.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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