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TCS Group Holding PLC (TCS)
TCS Group Holding PLC Announces Results of 2018 AGM
30-May-2018 / 19:29 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
TCS Group Holding PLC Announces Results of 2018 AGM
Moscow, Russia - 30 May 2018.TCS Group Holding PLC (TCS) (the Group),
Russia's leading provider of online retail financial services via its
Tinkoff.ru financial supermarket, today announces the results of its Annual
General Meeting of shareholders (AGM) held on 29 May 2018.
The AGM was held at the registered office of the Company in Limassol, Cyprus
and had a quorum of 904,455,367 votes present, corresponding to 94.19% in
number of the votes carried or conferred by the shares giving a right to be
present and vote at the meeting. The AGM was chaired by Mr Constantinos
Economides, Chairman of the Board of Directors.
The AGM duly passed the following proposed resolutions, in particular:
- Re-appointment of PricewaterhouseCoopers Limited as auditor of the
Company.
- The Board of Directors was authorised to determine the remuneration of the
auditor.
- Re-election of Mr. Martin Cocker and Mr. Jacques Der Megreditchian to the
Board of Directors.
- The Board of Directors was granted authority to buy back class A shares or
interests in class A shares including global depositary receipts, up to the
maximum (10% of subscribed capital) permitted by Cyprus law.
- The share capital increase.
- The Board of Directors was granted authority to dispose of unissued
shares.
Resolution 8 was not passed.
The Chairman of the Audit Committee and Remuneration Committee of the Board
of Directors remain respectively Mr. Martin Cocker and Mr Jacques Der
Megreditchian: the composition of the Audit and Remuneration Committees is
unchanged.
The Meeting also received and accepted the Company's Annual Report for 2017.
The Minutes of the 2018 AGM will be available for viewing at the registered
office of the Company and available on the National Storage Mechanism of the
UK Listing Authority, located at www.hemscott.com/nsm.do [1].
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 [2]
About the Group
TCS Group is an innovative provider of online retail financial services
operating in Russia through a high-tech branchless platform. TCS Group
includes Tinkoff Bank, mobile virtual operator network Tinkoff Mobile,
Tinkoff Insurance, and Tinkoff Software DC, a network of IT development hubs
across Russia.
The Group was founded in 2006 by the Russian entrepreneur Oleg Tinkov and
has been listed on the London Stock Exchange since October 2013.
With no retail branches, the Group serves its customers remotely via online
channels and its call centre, and operates a network of over 2,500
representatives to ensure smooth delivery of its products. The network
covers all of Russia and allows next day delivery to most customers.
The Group's key business is Tinkoff Bank, Russia's first and only direct
bank offering both own brand and partner retail financial services via its
Tinkoff.ru platform. The 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).
As at 1 May 2018, the bank was the second largest player in the Russian
credit card market, with a market share of 11.7%. The 1Q18 IFRS net income
of TCS Group Holding PLC amounted to RUB 5.7 bn, ROE grew to 68.5%.
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.
Forward-looking statements
Some of the information in this announcement may contain projections or
other forward-looking statements regarding future events or the future
financial performance of the Group and Tinkoff Bank. You can identify
forward looking statements by terms such as "expect", "believe",
"anticipate", "estimate", "intend", "will", "could," "may" or "might", the
negative of such terms or other similar expressions. The Group and Tinkoff
Bank wish to caution you that these statements are only predictions and that
actual events or results may differ materially. The Group and Tinkoff Bank
do not intend to update these statements to reflect events and circumstances
occurring after the date hereof or to reflect the occurrence of
unanticipated events. Many factors could cause the actual results to differ
materially from those contained in projections or forward-looking statements
of the Group and Tinkoff Bank, including, among others, general economic
conditions, the competitive environment, risks associated with operating in
Russia, rapid technological and market change in the industries the Group
operates in, as well as many other risks specifically related to the Group,
Tinkoff Bank and their respective operations.
ISIN: US87238U2033
Category Code: AGM
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 5600
EQS News ID: 691151
End of Announcement EQS News Service
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b78e8a7665ae1d41c84fd9819f4e2030&application_id=691151&site_id=vwd&application_name=news
2: mailto:ir@tcsbank.ru
(END) Dow Jones Newswires
May 30, 2018 12:29 ET (16:29 GMT)
