TCS Group Holding PLC: Conversion of Class B Shares

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TCS Group Holding PLC (TCS) 
TCS Group Holding PLC: Conversion of Class B Shares 
 
18-March-2019 / 17:47 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: Conversion of Class B Shares 
 
Limassol, Cyprus - 18 March 2019 
 
TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of 
online financial and lifestyle services via the Tinkoff.ru ecosystem, today 
announces that 6,385,310 Class B Shares in the Group held indirectly by Oleg 
Tinkov were converted to Class A Shares with effect from 15 March 2019. As a 
result of the conversion and sale, Oleg Tinkov's voting rights in the Group 
have decreased from 90.18% to 88.63%. Following the conversion, the total 
number of votes in issue is 902,766,841. 
 
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) 
[e-mail]         [e-mail] 
 
About the Group 
 
TCS Group Holding PLC is an innovative provider of online retail financial 
services. It includes Tinkoff Bank, mobile virtual network operator 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 11.8%. The 2018 IFRS net income of TCS Group Holding PLC 
amounted to RUB 27,1 bn (a record high year net income in the Group's 
history), ROE grew to 74.7%. 
 
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 2018 Global Finance named Tinkoff Bank the world's Best Consumer Digital 
Bank, in 2018, 2016 and 2015, the Best Consumer Digital Bank in Russia, and 
in 2017 and 2013 The Banker recognised it as the Bank of the Year 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). 
 
ISIN:          US87238U2033 
Category Code: MSCM 
TIDM:          TCS 
LEI Code:      549300XQRN9MR54V1W18 
Sequence No.:  7851 
EQS News ID:   788689 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

March 18, 2019 10:47 ET (14:47 GMT)