Ten Life Regulatory News (TENG)

29 June 2023

Ten Lifestyle Group plc

("Ten" or the "Company")

Board Changes

Ten Lifestyle Group plc (AIM: TENG), the platform driving customer loyalty for global financial institutions and other premium brands, today announces that Bruce Weatherill will be stepping down as Chair of the Board in the autumn, after six years, due to ill health.

After due consideration, the Board has decided that Jules Pancholi, Non-Executive Director, will succeed Bruce Weatherill as Chair at that time.

Jules Pancholi is currently a Non-Executive Director of the Company and brings extensive experience in driving value creation through growth, technology and product-market fit. His prior experience includes being a non-executive director of Skyscanner and Chair of Oritain, along with other executive and non-executive positions.

Due to the above, Ten also announces the following changes to the Board's committees: Jules Pancholi will be appointed to the Audit & Risk Committee; and Gillian Davies, Non-Executive Director, will be appointed to the Nomination Committee, both with immediate effect.

The Board has commenced a process to identify and appoint a new Non-Executive Director.

Alex Cheatle, CEO of Ten Lifestyle Group, said: 

"I am saddened by Bruce's decision to stand down, but wholeheartedly support his decision to prioritise his health. Bruce has been an outstanding Chairman for six years, has demonstrated a clear vision, strategic focus, and fostered a positive governance culture.

As we look ahead, Jules will assume the role of Chair. With his existing knowledge of the business and expertise in technology, Jules is well-equipped to lead the Board."

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

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, Morgan Stanley 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.