Ten Wins Contract With Visa

RNS Number : 9298E

Ten Lifestyle Group PLC

15 February 2018

 

Ten Lifestyle Group plc

("Ten" or the "Company")

Ten Wins Contract with Visa

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 won a new, additional contract with Visa International ("Visa") to provide concierge services to its high and ultra-high-net-worth clients as part of its Visa Infinite and Visa Signature affluent card concierge programmes. 

The service will be rolled out in Central Europe, the Middle East and Africa, with the transitioning process having already commenced.

Ten will provide members with a digitally-enabled, premium travel and lifestyle concierge service, including access to unique offers, benefits, and localised events among other services.

The service will be available in English, Russian, French, and Arabic, driven by Ten's leading technology platform, with employees based across Ten's 20 locations globally to cater to the needs of Visa customers.

The additional contract is expected to be a Medium contract¹.

Alex Cheatle, CEO, Ten Lifestyle Group plc, said:

"We are delighted to extend our strategic partnership with Visa globally, which incorporates significant service delivery in USA, LAC and now CEMEA region. We are excited to be launching the Ten digital platform in these new markets and to see the additional engagement and adoption this will drive."

(1) Contracts where Ten provides concierge and related services where the annual value of net revenue is between £250,000 and £2 million.

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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                                       [phone]

Jefferies International Limited                                 [phone]

Nominated Advisor       

Simon Hardy

Christopher Binks

Tavistock                                                                             [phone]

Jos Simson

Mark Foxwell

Sophie Praill

Notes to Editors

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 700 staff around the world and is listed on the AIM market of the London Stock Exchange.

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.

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/.

 

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