DJ TCS Group Holding PLC: Conversion of Class B Shares
TCS Group Holding PLC (TCS)
TCS Group Holding PLC: Conversion of Class B Shares
14-Dec-2020 / 22:40 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
Moscow, Russia - 14 December 2020
TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of
online retail financial services, today announces that 10,100,181 Class B
Shares in the Group held by The Rigi Trust, a British Virgin Islands trust
connected with Oleg Tinkov, were converted to Class A Shares with effect
from 14 December 2020. As a result of the conversion, Oleg Tinkov's voting
rights in the Group have decreased from 87.03% to 84.38%. Following the
conversion, the total number of votes in issue is 828,531,879.
For enquiries:
Tinkoff Bank Tinkoff Bank
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) +44 7741 078383
pr@tinkoff.ru ir@tinkoff.ru
About the Group
TCS Group Holding PLC is an innovative provider of online retail and SME
financial services. It includes Tinkoff Bank, its mobile virtual network
operator Tinkoff Mobile, Tinkoff Insurance, its asset 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 since October 2013.
The Group's key business is Tinkoff Bank, a fully online bank that serves
over 12 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 13.5%. The 3Q 2020 IFRS net income of TCS Group Holding PLC
amounted to RUB 12.6 bn. The ROE was 45%.
With no branches, the Group serves all its customers remotely via online
channels and a cloud-based call centre. The centre is staffed by over 10,000
employees, making 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, and in 2020, 2019, 2018, 2016 and 2015, the Best Consumer Digital Bank
in Russia. In 2017 and 2013, the Banker recognised Tinkoff Bank 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: US87238U2XXX
Category Code: MSCH
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 89694
EQS News ID: 1155099
End of Announcement EQS News Service
(END) Dow Jones Newswires
December 14, 2020 14:40 ET (19:40 GMT)
© 2020 Dow Jones News
