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TCS Group Holding PLC (TCS)
TCS Group Holding PLC: Tinkoff Controlling Shareholder Intends to Invest up
to USD 20M in GDRs
27-Jun-2018 / 17:33 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Tinkoff Controlling Shareholder Intends to Invest up to USD 20M in GDRs
Moscow, Russia - 27 June 2018. TCS Group Holding PLC (TCS LI) (the "Group"),
Russia's leading provider of online retail financial services, has been
notified that the Group's controlling shareholder and PDMR, Oleg Tinkov,
intends to increase his beneficial interest in the Group.
Altogether, Oleg Tinkov intends to purchase up to USD 20M worth of GDRs. The
Group has been notified that of these, in the period ending 25 June 2018,
Oleg Tinkov has already purchased 439,921 GDRs for a total amount of USD
9.2M.
In addition, the Group was also recently notified of transactions in its
GDRs by another PDMR, Anatoly Makeshin, VP for Payment Systems at Tinkoff
Bank, as disclosed on 20 June 2018.
These actions highlight the confidence of the controlling shareholder and
management team in the Group's continued strong performance and the robust
growth of new businesses launched as part of Tinkoff.ru [1]'s financial
ecosystem.
Oleg Tinkov said: "With a return on equity of over 68%, we are already one
of the most profitable banks globally. At the same time, I believe we will
continue to increase shareholder value as we build one of the most
successful and profitable fintech players in the world. This is why I
decided to increase my stake in the business, and I'm thrilled to see
management doing the same."
Details of the purchases are in the documents attached, and the Group will
inform the market on results of futurepurchases in due course.
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 Holding PLC 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 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 February 2018, the bank was the second largest player in the Russian
credit card market, with a market share of 11.7%. The 2017 IFRS net income
of TCS Group Holding PLC amounted to RUB 19 bn, ROE grew to 52.8%.
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.
Tinkoff Bank is a General Partner of the St. Petersburg International
Economic Forum (SPIEF) in 2018.
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.
Attachment
Document title: Details of Transaction
Document: http://n.eqs.com/c/fncls.ssp?u=OSDIIXJTDB [3]
ISIN: US87238U2033
Category Code: POS
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 5686
EQS News ID: 699485
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b5f145a885cdf35110836abea28a664f&application_id=699485&site_id=vwd&application_name=news
2: mailto:ir@tcsbank.ru
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=6d64e4499b3ad3549c17b4bda894ef74&application_id=699485&site_id=vwd&application_name=news
(END) Dow Jones Newswires
June 27, 2018 10:34 ET (14:34 GMT)
