27 March 2024
Ten Lifestyle Group plc
("Ten")
Ten wins new contract with Emirates
NBD
Ten Lifestyle Group plc (AIM: TENG), the global
concierge platform driving customer loyalty for global financial
institutions and other premium brands, is pleased to announce that
it has won a multi-year contract with Emirates NBD, a leading
banking group in the MENAT (Middle East, North Africa and Türkiye)
region.
Ten will soon launch a concierge and lifestyle
programme for UHNW (Ultra High Net Worth) clients of Emirates NBD
based in the UAE, including offers and experiences exclusive to
these members. Anticipated to be a Medium1 contract in its inaugural year,
with potential to expand in the future.
Alex Cheatle, Chief
Executive Office of Ten Lifestyle Group plc, said;
"I am delighted
that we have won a significant new contract with Emirates NBD, one
of the most prestigious banking groups in the region, and will be
launching our services to their UHNW clients soon. This win will
further strengthen our presence and scale in the Middle East, where
we anticipate continued growth.
This contract win,
along with further expected contract wins and developments, is
expected to underpin revenue growth in H2 2024."
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: Small contracts (below
£0.25m); Medium contracts (between £0.25m and £2m); Large contracts
(between £2m and £5m); and Extra Large contracts (over
£5m). This does not include the revenue generated from
suppliers through the provision of concierge services.
- End -
For further information, please
visit https://www.tenlifestylegroup.com/ or
contact:
|
Ten Lifestyle Group
plc
Alex Cheatle, Chief Executive Officer
Alan Donald, Chief Financial Officer
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+44 (0)20 7850
2796
|
|
Singer Capital
Markets Advisory LLP, Nominated Advisor and Broker
Corporate Finance: James Moat / Oliver Platts
Corporate Broking: Tom Salvesen / Charles
Leigh-Pemberton
|
+44 (0) 20 7496
3000
|
|
|
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Notes to
Editors:
About Ten Lifestyle
Group plc
Ten Lifestyle Group
plc partners with global financial institutions and
other premium brands to attract and retain wealthy and mass
affluent customers.
Millions of members have access to Ten's services
across lifestyle, travel, dining, entertainment and retail benefits
on behalf of over fifty clients including HSBC, Coutts and Royal
Bank of Canada. Ten's partnerships are based on multi-year
contracts generating revenue through platform-as-a-service and
technology fees.
Ten's operations are underpinned by an increasingly
sophisticated personalisation platform comprising industry-first,
proprietary technology, thousands of supplier relationships and 25
years of proprietary expertise delivered from over 20 global
offices.
Ten is on a mission to become the most trusted
service platform in the world.
For further information please go
to: www.tenlifestylegroup.com.
