Business
End of a Small Contract
End of a Small Contract.
About this update from Ten Lifestyle Group Plc
[{"type":"text","content":"\n \nRNS Number : 6864G Ten Lifestyle Group PLC 07 November 2018 \n\n7 November 2018\nTen Lifestyle Group plc\n(\"Ten\" or the \"Company\")\nEnd of a Small Contract\nTen Lifestyle Group plc (AIM: TENG), notes the recent share price movement and confirms that it has, by mutual agreement, agreed to cease the provision of concierge services under a Small contract1 from the end of January 2019. This does not change the Board's expectations.\n \nThe Company does not generally announce the winning or losing of Small contracts but since IPO, we are pleased to have increased the number of Small contracts.\n \n(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:\n \n· Small contracts (below £250,000);\n· Medium contracts (between £250,000 and £2 million);\n· Large contracts (over £2 million); and\n· Extra Large contracts (over £5 million).\n \nThis does not include the revenue generated from suppliers through the provision of concierge services.\n \n- End -\n \nFor further information, please visit https://www.tengroup.com/ or contact:\n \n\n\n\nTen Lifestyle Group Plc\nAlex Cheatle, Chief Executive Officer\nSean Hegarty, Chief Financial Officer\nKerry Anderson, Head of PR\n \n\n\nvia Tavistock\n \n \n+44 (0)20 7479 3427\n\n\n\n\nJefferies International Limited, Nominated Advisor\nSimon Hardy\nChristopher Binks\n \n\n\n+44 (0) 20 7029 8000\n\n\n\n\nPeel Hunt LLP, Joint Broker\nEdward Knight\nNick Prowting\nMax Irwin\n \n\n\n+44 (0) 20 7418 8900\n\n\n\n\nTavistock, Financial PR & IR\nJos Simson\nSimon Hudson\nSophie Praill\n\n\n+44 (0) 20 7920 3150\n\n\n\n \nNotes to Editors\n \nTen 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 800 staff around the world and is listed on the AIM market of the London Stock Exchange (AIM: TENG).\n \nTen assists its members to discover, organise and book travel, dining and live entertainment; seek...