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TCS Group Holding PLC / Transaction in Own Shares*
TCS Group Holding PLC: Controlling Shareholder Transactions in Tinkoff GDRs
10-Jul-2017 / 16:32 CET/CEST
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*Controlling Shareholder Transactions in Tinkoff GDRs*
*Moscow, Russia - 10 July 2017. *TCS Group Holding PLC (TCS LI) (the
"Group"), Russia's leading provider of online retail financial services, has
been notified of transactions in its own GDRs by the Group's controlling
shareholder, Oleg Tinkov, as part of his commitment to increase his
beneficial interest in the Group.
As communicated earlier today, Oleg Tinkov plans to purchase up to USD 30 mn
worth of GDRs of which approximately USD 15.3 mn has already been spent on
the purchase of 1,330,000 GDRs at an average price per GDR of USD 11.51.
These actions highlight the controlling shareholder's confidence in the
Group's continued strong performance.
*For enquiries:*
Tinkoff Bank Tinkoff Bank
*Darya Ermolina* *Larisa Chernysheva*
Head of PR IR Department
+ 7 495 648-10-00 (ext. 2009) + 7 495 648-10-00 (ext. 2312)
d.ermolina@tinkoff.ru ir@tinkoff.ru [1]
*About the Group*
TCS Group Holding PLC is an innovative provider of online retail financial
services operating in Russia through a high-tech branchless platform. The
Group has also developed a "smart courier" network covering almost all
cities and towns in Russia which allows next day delivery to many customers.
Tinkoff Bank's product range includes daily banking (credit and debit cards,
payments, money transfers), savings, investments, loyalty programmes, travel
services, SME services, mortgage platform, and insurance. With its special
focus on mobile business, the bank offers mobile applications both for its
customer base (Mobile Bank) and beyond it (Traffic Fines, MoneyTalk, Card 2
Card instant money transfers).
Tinkoff is transitioning to become an online financial marketplace,
Tinkoff.ru, which offers an entire range of both own brand and partner
retail financial services via mobile and desktop.
As at 1 May 2017, the bank was the second largest player in the Russian
credit card market, with a market share of 11%. The 1Q17 IFRS net income of
the parent company, TCS Group Holding PLC, which includes Tinkoff Bank and
the insurance company Tinkoff Insurance, amounted to RUB 3.4 bn, ROE stood
at 43%.
Banki.ru, Russia's largest financial news portal, named Tinkoff Bank the
Bank of the Year 2016. In October 2016 Tinkoff Bank was named the largest
independent global direct bank by Frost & Sullivan. In 2015 and 2016, the
Global Finance magazine named Tinkoff Bank as the Best Consumer Digital Bank
in Russia. In 2016, the bank also won Global Finance's Best Integrated
Consumer Bank Site award and was named the Best Digital Bank in the CEE by
Euromoney. The bank's mobile application was recognised as the best in
Russia by Markswebb Rank & Report for three consecutive years in 2014, 2015
and 2016, and by Deloitte for four consecutive years from 2013 to 2016.
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Archive at www.dgap.de/ukreg
Language: English
Company: TCS Group Holding PLC
2nd Floor, Sotiri Tofini 4, Agios Athanasios
4102 Limassol
Cyprus
Phone: +7 495 648-10-00
Fax: +7 495 645-59-09
E-mail: media@tinkoff.ru
Internet: https://www.tinkoff.ru
ISIN: US87238U2033
Listed: Foreign Exchange(s) London, Moscow
Category Code: POS
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 4397
End of Announcement EquityStory.RS, LLC News Service
591285 10-Jul-2017
1: mailto:ir@tcsbank.ru
(END) Dow Jones Newswires
July 10, 2017 10:32 ET (14:32 GMT)
