Ten Secures Contract to provide Content Services

RNS Number : 0224S

Ten Lifestyle Group PLC

11 November 2021

 

11 November 2021

Ten Lifestyle Group plc

("Ten" or the "Group")

Ten Secures Contract with Global Financial Services Firm to provide Content Services

Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled, global concierge platform for the world's wealthy and mass affluent, is pleased to announce it has secured a contract to deliver Content services for an existing major global financial services client.

The Content service is expected to increase customer engagement with Ten's digitally-enabled concierge service, launched in December 2020, and with the client's customer proposition more generally.

The addition of the revenue from the Content service is expected to grow the existing Small¹ contract to a Medium contract in the first half of this financial year.

This contract expansion is incorporated within the Group's existing growth plan.

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 £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.

Alex Cheatle, CEO of Ten Lifestyle Group, said;

"In recent years, our editorial content has become an increasingly important pillar of our member proposition. Our in-house, professional journalists, creatives and media producers create expertly crafted original videos, digital articles, magazines, and premium destination and gift guides based on the real actions and interests of our concierge members.

Ten's Content, now produced in 12 languages for multiple corporate clients, engages members by complementing and often inspiring the use of our concierge services, also drives customer value for corporate clients and is a competitive advantage for Ten. The content is typically hosted on our digital platform and shared via targeted, personalised eCRM to interested members. 

Ten's enhanced Content service is now available to new and current clients across the globe." 

For more insight, see our 'Content' case study under the 'What Ten Does' tab on www.tenlifestylegroup.com  

Notice of Preliminary Results

The Group expects to announce its preliminary results, for year ended 31 August 2021, on 24 November 2021, where further details will be provided.

The Group will also be presenting an Investor Webinar via the Investor Meet Company platform on 30 November 2021 at 5:30pm GMT.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and "add to meet" Ten Lifestyle Group plc via:

https://www.investormeetcompany.com/ten-lifestyle-group-plc/register-investor

Investors who already follow Ten Lifestyle Group plc on the Investor Meet Company platform will automatically be invited.

The Group will also be hosting an analyst presentation to accompany its preliminary results at 9am on 24 November 2021. If you would like to attend the analyst presentation, please email  [e-mail] .

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 James Smith	[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 more quickly than they could themselves.

Underpinned by industry-first technology, Ten provides its trusted concierge services to millions of members, in over 15 languages, 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).

The growth engine at the heart of Ten's business model is the driving force behind its progress towards its objective to become the most trusted service platform in the world.

 For further information please go to: www.tenlifestylegroup.com.

 

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