Ten Lifestyle Group PLC Ten Wins Contract With American Bank (8535F)

TIDMTENG

RNS Number : 8535F

Ten Lifestyle Group PLC

26 February 2018

Ten Lifestyle Group plc

("Ten" or the "Company")

Ten Wins Contract with American Bank

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 multi-year contract with one of America's Premier Private and Business Banks, headquartered in California, to provide concierge services to its high and ultra-high-net-worth clients.

This is Ten's first contract with the bank and follows a competitive tender in which Ten has replaced the incumbent provider. The first phase of the roll-out has been completed, with the offline concierge service offering having gone live.

Ten will provide members with a premium travel and lifestyle concierge service, including access to unique offers, benefits, and localised events, as well as access to its leading digital platform among other services.

The contract is expected to be a Medium contract(1) .

Malcolm Berry, President, Americas, Ten Lifestyle Group plc, said;

"We are thrilled to have been chosen as a key partner here in the United States of America and are excited to be providing this major player with Ten's digital platform to give members the most relevant personalised information, through their preferred channel and with the ability to transact digitally, too."

(1) Contracts where Ten provides concierge and related services where the annual value of net revenue is between GBP250,000 and GBP2 million.

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Enquiries:

   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, organize 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 personalized 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/.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 26, 2018 02:00 ET (07:00 GMT)