Ten Wins New Employee Loyalty Contract

RNS Number : 4721X

Ten Lifestyle Group PLC

30 April 2019

 

30 April 2019

Ten Lifestyle Group plc

("Ten" or the "Company")

Ten Wins New Employee Loyalty Contract

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 two-year, employee loyalty contract with a global management consulting firm from an incumbent supplier. Ten will deliver a dedicated, high-touch, and Ten-branded digital concierge service to executive Partners worldwide.

Ten is launching its lifestyle concierge services to Partners based in the United States, United Kingdom, Hong Kong and the UAE as a Small contract¹. It is intended that the parties will then work to expand the programme to Partners in the firm's further global locations, building this to a Medium contract¹ by the end of 2019.

(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 follows:

·     Small contracts (below £250,000); and

·     Medium contracts (between £250,000 and £2 million).

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

"This employee loyalty contract reinforces our strategy to continue investment in the enhanced digital platform, expand globally and enter into new business verticals. Our mobile and digitally-enabled concierge services can help drive loyalty for the most premium companies by supporting colleagues to be more productive with their time and feel even more aspirational about their employer. We are delighted to be working with this leading management consulting firm and look forward to a successful partnership and making the lives of their valued Partners easier."

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

Ten Lifestyle Group Plc Alex Cheatle, Chief Executive Officer Sean Hegarty, Chief Financial Officer Kerry Anderson, Global Head of Brand Marketing & Communications	via Tavistock [phone]
Jefferies International Limited, Nominated Advisor Simon Hardy Christopher Binks	[phone]
Peel Hunt LLP, Joint Broker Edward Knight Peter Stewart	[phone]
Tavistock, Financial PR & IR Jos Simson Simon Hudson Jenny Boyd	[phone]

Notes to Editors:

About Ten Lifestyle Group Plc

Ten Lifestyle Group plc is a leading, travel and lifestyle concierge service, helping wealthy individuals to discover, organise, and enjoy travel, dining, live entertainment, and the world of luxury, cheaper, and quicker than they could themselves.

Underpinned by industry-first technology, Ten provides its trusted concierge service to its more than 2 million members 24/7, 365 days a year, wherever they are in the world. Founded in 1998, the growing business now has over 800 staff, 20 global offices and is listed on the AIM market of the London Stock Exchange (AIM: TENG).

For further information about Ten Lifestyle Group Plc, please go to: https://www.tengroup.com/.

 

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