Last checked at 28 Jun 2022 07:00
28 June 2022
Ten Lifestyle Group plc
("Ten", the "Company" or the "Group")
Notice of General Meeting
Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled, global concierge platform for the world's wealthy and mass affluent, today announces that it is convening a general meeting of the Company (the 'General Meeting') to be held at 11.00 a.m. on Tuesday 19 July 2022 at the Company's offices at 2nd Floor, Fitzroy House, 355 Euston Road, London NW1 3AL to consider a resolution to amend the Company's articles of association ('Articles') in order to confirm the Company's commitment to growing a sustainable business.
Ten's mission to become the most trusted service platform in the world is driven by the shared purpose of its founders and Board to build a sustainable, member-focused and pioneering business. Integrity and ethical standards are therefore at the heart of Ten's business practices and align with the B Corp movement's values which focus on how business can be a force for good on society and the environment.
B Corp certification is an internationally recognised, independent, responsible business framework that enables companies to become more responsible by considering the impact of their decisions on their clients, community, people, suppliers and the environment. Certified businesses are recognised as ones that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.
It's believed that B Corp certification will have significant positive effects on the Company and stakeholders, including:
· A competitive advantage as a leader in responsible business practices
· Aligning with the rising ESG priorities of Ten's existing and prospective clients
· Demonstrating Ten's ESG credentials to existing and prospective shareholders, members, suppliers and other stakeholders
· Helping us attract and retain people who share Ten's values and want to further the Company's mission
At the General Meeting shareholders will therefore be asked to approve the necessary amendment to the Articles, further details of which are set out in the Letter from the Chairman and Notice of General Meeting available on the Group's website: tenlifestylegroup.com/investors/resources/. Physical copies of the documents and accompanying form of proxy will be posted to shareholders today.
In order to best protect the health and well-being of its shareholders and the general public in relation to the Covid-19 pandemic, the Board requests that shareholders carefully consider whether travelling to and attending the General Meeting is necessary and instead encourage shareholders to cast their votes by proxy. The Company will arrange for the minimum attendance required to form a quorum, to conduct the necessary business at the General Meeting.
Shareholders that hold shares through a platform, fund or similar provider, are encouraged to contact their provider as soon as possible to register their voting instruction so that there is sufficient lead time for the provider to process votes before the formal deadline of 11:00 am on Friday 15 July 2022.
If Shareholders choose not to attend in person, they are invited to watch the meeting via Zoom. To watch via Zoom, please email Investorrelations@tengroup.com by 11:00 am on Friday 15 July 2022.
The Board welcome questions from Shareholders relating to the business of the General Meeting. Please submit these to the Board by email to Investorrelations@tengroup.com by 11:00 am on Friday 15 July 2022. Answers will be published on the Group's website.
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
| +44 (0)20 7850 2796 |
Peel Hunt LLP, Nominated Advisor and Broker Edward Knight Paul Gillam James Smith
| +44 (0) 20 7418 8900 |
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group Plc is a leading technology-enabled, global concierge platform, helping wealthy and mass affluent individuals and their families to discover, organise, and enjoy dining, live entertainment, travel and premium retail (and other relevant services) with better results and more quickly than they could themselves. Many of the world's leading brands pay Ten to support their most valued customers.
Underpinned by industry-first technology, Ten provides its trusted concierge services to millions of members, in over 15 languages, 24/7, 365 days a year, wherever they are in the world. Founded in 1998, the business listed on the AIM market of the London Stock Exchange in November 2017 (AIM: TENG).
The growth engine at the heart of Ten's business model is the driving force behind its progress towards its objective to become the most trusted service platform in the world.
For further information about Ten Lifestyle Group Plc, please go to: www.tenlifestylegroup.com