Dow Jones received a payment from EQS/DGAP to publish this press release.
TCS Group Holding PLC (TCS)
TCS Group Holding PLC: Transactions in own GDRs: TCS Group buys back GDRs
for its MLTIP, PDMR purchases additional GDRs
26-Oct-2018 / 15:48 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Transactions in own GDRs: TCS Group buys back GDRs for its MLTIP, PDMR
purchases additional GDRs
Limassol, Cyprus - 26 October 2018. TCS Group Holding PLC (TCS LI) (the
"Group"), Russia's leading provider of online retail financial and lifestyle
services via its Tinkoff.ru financial supermarket, today publishes an update
on transactions in its GDRs, including for its long-term management
incentive and retention plan (MLTIP).
Ahead of the expected regular expansion of MLTIP in 2019-2020, the Group
continues to follow its long-standing practice of pre-funding MLTIP through
buybacks. On 25 October, 2018 the Group bought back 27,200 GDRs at a gross
price per GDR of USD16.90.
The Group has also been notified of purchase transactions by Sergey Pirogov,
VP for Corporate Finance at Tinkoff Bank.
Details of the PDMR transactions are in the document attached.
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. It includes Tinkoff Bank, mobile virtual operator network Tinkoff
Mobile, Tinkoff Insurance, and Tinkoff Software DC, a network of development
hubs in major Russian cities. The Group also has Tinkoff.ru, an evolving
ecosystem that offers financial and lifestyle services.
The Group was founded in 2006 by Russian entrepreneur Oleg Tinkov and has
been listed on the London Stock Exchange since October 2013.
The Group's key business is Tinkoff Bank, the country's first and only
direct bank and the core of the Tinkoff.ru ecosystem. Tinkoff Bank is the
second largest player in the Russian credit card market, with a share of
11.7%. The 1H 2018 IFRS net income of TCS Group Holding PLC amounted to RUB
11.7 bn, ROE stood at 69.3%.
With no branches, the Group serves all its customers remotely via online
channels and a cloud-based call centre staffed by over 10,000 employees,
which makes it one of the largest in Europe. To ensure smooth delivery of
the Group's products, the Group has a nationwide network of over 2,500
representatives.
In 2013 and 2017, The Banker named Tinkoff Bank the Bank of the Year in
Russia, and in 2016 and 2018, Global Finance recognised it as the Best
Consumer Digital Bank in Russia. The bank's mobile app has been consistently
praised by local and global independent experts as the best of its kind (in
2013, 2014, 2015, 2016 by Deloitte and in 2018 by Global Finance).
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 transactions
Document: http://n.eqs.com/c/fncls.ssp?u=BQCBEPJQAN [2]
ISIN: US87238U2033
Category Code: POS
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 6336
EQS News ID: 738315
End of Announcement EQS News Service
1: mailto:ir@tcsbank.ru
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=29f1051e2be36e2ae8911819b32c95e0&application_id=738315&site_id=vwd&application_name=news
(END) Dow Jones Newswires
October 26, 2018 08:49 ET (12:49 GMT)
