EMEA Update

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 £0.25m); Medium contracts (between £0.25m and £2m); Large contracts (between £2m and £5m); and Extra Large contracts (over £5m). This does not include the revenue generated from suppliers through the provision of concierge services.

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  For further information, please visit  https://www.tenlifestylegroup.com/  or contact:

Ten Lifestyle Group Plc Alex Cheatle, Chief Executive Officer Alan Donald, Chief Financial Officer	[phone]
Peel Hunt LLP, Nominated Advisor and Broker Edward Knight Paul Gillam Nick Prowting	[phone]

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 .

 

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