Ten Wins First Contract with HSBC

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 contract¹.

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 £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:

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/.

 

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