DJ TCS Group Holding PLC announces a GDR buyback programme
TCS Group Holding PLC (TCS)
TCS Group Holding PLC announces a GDR buyback programme
21-Apr-2021 / 20:21 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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TCS Group Holding PLC announces a GDR buyback programme
Limassol, Cyprus - 21 April 2021. TCS Group Holding PLC (LI: TCS, MOEX: TCSG) ("Company"), Russia's leading provider of
online financial and lifestyle services via its Tinkoff ecosystem, today announces a GDR buyback programme during the
period 22 April to 31 August 2021 (the "Programme").
The maximum number of GDRs that may be repurchased under the Programme will be 700,000 and the aggregate purchase price
will not exceed USD45 mn. The purpose of the Programme is to fund the Company's long-term management incentive plan
MLTIP, as notified in earlier disclosures on February, 10. The GDRs repurchased by the Company will be held in treasury
pending cancellation or other permitted use.
The Programme will be conducted consistent with the general authority to repurchase shares/GDRs granted by the
Company's shareholders at the 2020 annual general meeting, and otherwise in accordance with applicable laws and
regulations. Details of any purchases made under the Programme will be provided via RNS announcements and published on
the Company's website.
For enquiries:
Tinkoff
Tinkoff
Artem Lebedev
PR Department Larisa Chernysheva
IR Department
+ 7 495 648-10-00 (ext. 2202)
+ 7 495 648-10-00 (ext. 2312)
Alexandr Leonov
Andrey Pavlov-Rusinov
+ 7 495 648-10-00 (ext. 35738)
ir@tinkoff.ru
pr@tinkoff.ru
About Tinkoff 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 13 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 2020 IFRS net profit of TCS Group Holding PLC amounted to RUB 44.2 billion. The ROE was above 40%.
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 2020 Tinkoff was named the world's Best Consumer Digital Bank and honoured with multiple other category wins at Global Finance's Digital Bank Awards 2020.Tinkoff was also recognised as Russia's Best-Performing Bank Overall by The Banker magazine, which scored Tinkoff's 2020 performance in the areas of growth, profitability, operational efficiency, asset quality, return on risk, liquidity, soundness and leverage. Tinkoff was also recognised among Russia's Top 3 Employers for 2020, according to Forbes.'
Earlier 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 recognized 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: US87238U2033 Category Code: MSCH TIDM: TCS LEI Code: 549300XQRN9MR54V1W18 Sequence No.: 100400 EQS News ID: 1187387 End of Announcement EQS News Service =------------------------------------------------------------------------------------ Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1187387&application_name=news
(END) Dow Jones Newswires
April 21, 2021 13:21 ET (17:21 GMT)
