Transactions in own GDRs: TCS Group Holding Ups Buyback of GDRs

TCS Group Holding PLC (TCS) 
Transactions in own GDRs: TCS Group Ups Buyback of GDRs 
 
17-March-2020 / 09:31 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 Ups Buyback of GDRs 
 
Limassol, Cyprus - 17 March 2020. TCS Group Holding PLC (LI: TCS, MOEX: 
TCSG) ("Company"), Russia's leading provider of online financial and 
lifestyle services via its Tinkoff ecosystem, today publishes an update on 
transactions in its GDRs. 
 
Following the 11 March 2020 Buyback Programme announcement, on 12-16 March 
2020, the Group purchased a total of 650,000 GDRs at a gross average price 
per GDR of USD13.99, while the purchase price for each of the three days 
ranged as follows: 
 
12 March - min $12.88; max $14.64 per GDR 
13 March - min $13.78; max $14.76 per GDR 
16 March - min $13.24; max $14.24 per GDR 
 
This marks the end of the Buyback Programme announced on 11 March 2020. The 
GDRs repurchased by the Company will be held in treasury pending 
cancellation or other permitted use. 
 
The Programme was conducted consistent with the general authority to 
repurchase shares/GDRs granted by the Company's shareholders at the 2019 
annual general meeting, and otherwise in accordance with applicable laws and 
regulations. 
 
                                              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: POS 
TIDM:          TCS 
LEI Code:      549300XQRN9MR54V1W18 
Sequence No.:  52793 
EQS News ID:   999053 
 
End of Announcement EQS News Service 
 
 
1: mailto:[e-mail] 
 

(END) Dow Jones Newswires

March 17, 2020 02:31 ET (06:31 GMT)