Ten Lifestyle Group PLC Ten Wins Second Contract with the HSBC Group (5309D)

TIDMTENG

RNS Number : 5309D

Ten Lifestyle Group PLC

26 June 2019

26 June 2019

Ten Lifestyle Group plc

("Ten" or the "Company")

Ten Wins Second Contract with the HSBC Group

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 contract with HSBC Bank (Singapore) Limited ("HSBC"), its second contract with the HSBC Group.

The contract to provide concierge services to its Visa Infinite cardholders in Singapore is currently delivered by a competitor and the transitioning process has already begun, with services expected to go live in July 2019. The contract is expected to be a Medium contract (1) .

(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:

   --      Medium contracts (between GBP250,000 and GBP2 million). 

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

"Following the successful launch of a HSBC Group concierge service globally in June 2018, we are delighted to have been awarded another contract by HSBC Group, one of the world's largest banking and financial services organisations. We look forward to bringing our digital and high-touch travel and lifestyle concierge expertise to HSBC's valued Visa Infinite cardholders in Singapore."

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

 
 Ten Lifestyle Group Plc                            via Tavistock 
  Alex Cheatle, Chief Executive Officer 
  Alan Donald, Chief Financial Officer 
  Kerry Anderson, Global Head of Brand Marketing     [phone] 
  & Communications                                   3427 
 Jefferies International Limited, Nominated 
  Advisor 
  Simon Hardy                                       [phone] 
  Christopher Binks                                  8000 
 Peel Hunt LLP, Joint Broker 
  Edward Knight 
  Peter Stewart                                     [phone] 
  Nick Prowting                                      8900 
 Tavistock, Financial PR & IR 
  Jos Simson 
  Simon Hudson                                      [phone] 
  Jenny Boyd                                         3150 
 

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, 22 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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June 26, 2019 08:53 ET (12:53 GMT)