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TCS Group Holding PLC (TCS)
TCS Group Holding PLC: notification of the sale of a 35.08% holding in the
Company's ordinary shares
28-Apr-2022 / 19:07 MSK
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
EQS Group.
The issuer is solely responsible for the content of this announcement.
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE
7 OF REGULATION (EU) NO 596/2014
TCS Group Holding PLC: notification of the sale of a 35.08% holding in the
Company's ordinary shares
Limassol, Cyprus - 28 April 2022. The Board of Directors of TCSGH Plc
("TCS Group", or the "Company"), the 100% shareholder of Tinkoff Bank, has
today been informed that family trusts associated with its founder have,
in a series of transactions, disposed of their entire interest in the
Company. Interros, a leading Russian investment group with a diverse
portfolio of assets including in banking, has acquired an interest in TCS
Group, and consequently now holds approximately 35.08% of the outstanding
shares in the Company.
TCS Group welcomes the new investment by Interros - a local partner with a
proud history of acting as a responsible investor and custodian of assets
in Russia. The Chairman of the Management Board of Tinkoff Bank, Stanislav
Bliznyuk, commented: "We believe that this investment from Interros marks
the start of a new phase in Tinkoff's history. Our new shareholder is
clearly interested in the group's business performance, talented
management team and unique DNA, which is based, first and foremost, on its
"customer first" approach. Our management team remains committed to
upholding Tinkoff's values, to the group's strategic business development
initiatives, and to creating sustainable value for our shareholders."
Vladimir Potanin, President of Interros, commented: "As a long-term
financial investor, Interros is committed to supporting Tinkoff in
retaining its market leadership in Russia. We genuinely believe that, with
Interros as a new shareholder in combination with the bank's best-in-class
management team, Tinkoff will be able to further expand their product
offering and take their customer service to the next level, thus creating
substantial value for shareholders."
Tinkoff's founder, Oleg Tinkov, said: "I'm proud that, together with my
team, I have managed to build the best bank in the country entirely from
scratch. Everyone in the industry would agree that Tinkoff is now one of
the best digital banks in the world. It is therefore the perfect time for
me to retire and devote more of my time to looking after my health and my
beloved family."
For enquiries:
Tinkoff PR Department Tinkoff IR Department
1 pr@tinkoff.ru 2 ir@tinkoff.ru
About TCS Group
TCS Group is an innovative provider of digital financial and lifestyle
services. Branchless since its inception in 2006, TCS developed a full
range of in-house proprietary technology solutions and services, including
digital banking, brokerage, acquiring and other merchant solutions,
insurance, SME banking and much more.
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ISIN: US87238U2033
Category Code: MSCH
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 158426
EQS News ID: 1339007
End of Announcement EQS News Service
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References
Visible links
1. mailto:pr@tinkoff.ru
2. mailto:ir@tinkoff.ru
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