TCS Group Holding PLC notification

TCS Group Holding PLC (TCS) 
TCS Group Holding PLC notification 
 
28-Feb-2020 / 11:20 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 notification 
 
Moscow, Russia - 27 February 2020. TCSGH has been informed that Mr. Oleg 
Tinkov, founder and shareholder in TCSGH, is currently attending court 
hearings initiated by the US Internal Revenue Service. The hearings are 
taking place in 
London in February-April 2020. The case concerns resolution of potential tax 
issues. We are not able to disclose more details of the case, but Mr Oleg 
Tinkov is confident that it will be resolved as swiftly as possible. Mr Oleg 
Tinkov has not been a US citizen since 2013. 
 
Mr Oleg Tinkov is attending these court hearings in his capacity as a 
private individual - this situation does not affect any of the operating 
companies in Tinkoff Group (including Tinkoff Bank, Tinkoff Insurance and 
Tinkoff Mobile). 
 
The Company plans to make further announcements, as required, as and when it 
receives further relevant information. 
 
                                              For enquiries: 
Tinkoff                        Tinkoff 
 
Artem Lebedev                  Larisa Chernysheva 
PR Department                  IR Department 
 
 + 7 495 648-10-00 (ext. 2202) + 7 495 648-10-00 (ext. 2312) 
 
               Alexandr Leonov Neri Tollardo 
 
+ 7 495 648-10-00 (ext. 35738) [phone] 
 
                 [e-mail]             [e-mail] [1] 
 
TCS Group Holding PLC 
 
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, management company Tinkoff Capital, Tinkoff 
Software DC, a network of development hubs in major Russian cities, and 
Tinkoff Education. The Group is currently developing Tinkoff ecosystem, 
which 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 and on the Moscow Exchange. 
 
The Group's key business is Tinkoff Bank, a fully online bank that serves 
over 10 mn customers and forms the core of the Tinkoff ecosystem. 
 
Tinkoff Bank is the second largest player in the Russian credit card market, 
with a share of 13.2%. The 9M 2019 IFRS net income of TCS Group Holding PLC 
amounted to RUB 25.1 bn. The ROE was 59%. 
 
With no branches, the Group serves all its customers remotely via online 
channels and a cloud-based call centre. To ensure smooth delivery of the 
Group's products, the Group has a proprietary nationwide network of 
representatives. 
 
In 2018, Global Finance named Tinkoff Bank the world's Best Consumer Digital 
Bank, in 2019, 2018, 2016 and 2015, the Best Consumer Digital Bank in 
Russia, and in 2019, the Best Consumer Digital Bank in Central and Eastern 
Europe. In 2017 and 2013, the Banker recognised Tinkoff Bank as the Bank of 
the Year in Russia. The bank's mobile app has consistently received top 
industry ratings and awards (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.:  49513 
EQS News ID:   985945 
 
End of Announcement EQS News Service 
 
 
1: mailto:[e-mail] 
 

(END) Dow Jones Newswires

February 28, 2020 03:20 ET (08:20 GMT)