REG-TCS Group Holding PLC TCS Group Holding PLC announces Director retirement

TCS HoldingAnnouncement

29/05/2021 05:25

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   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC announces Director retirement

   29-May-2021 / 07:20 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 Director retirement

    

   Limassol, Cyprus, 28 May 2021. TCS Group Holding PLC (TCS) (the
   Group), Russia's leading provider of online financial and
   lifestyle services via its Tinkoff.ru ecosystem, announces the resignation
   of Mr Jacques Der Megreditchian, independent non-executive director, with
   effect from 28 May 2021.

    

   In accordance with LR 9.6.11, at the same time Mr.Der Megreditchian will
   cease to be chair of the Remuneration Committee and member of the Audit
   Committee. His position as chair of the Remuneration Committee will be
   filled by Mr.Ashley Dunster, with effect from 28 May 2021.

    

   Mr.Constantinos Economides, Chairman of the Board, commented: 'It hardly
   seems 8 years since we welcomed Jacques to the Board ahead of our IPO on
   LSE in 2013. There have been many highlights in Tinkoff Group's life in
   the public arena, but these years have been interesting times, years of
   phenomenal growth, diversification and innovation, Tinkoff successfully
   challenging the status quo.  We are very grateful to Jacques for his
   significant contributions throughout this time and wish him all the best
   for the future.'

    

   Mr.Oliver Hughes, Group CEO added: 'Jacques' 8 years as an independent
   non-executive director and chair of the Remuneration Committee of Tinkoff
   have witnessed transformational changes in the Group as we accelerate on
   our journey to becoming the most comprehensive, engaging and innovative
   financial ecosystem anywhere. All the while, Jacques has been helping us
   to nurture the Tinkoff DNA and entrepreneurial spirit. Jacques leaves us a
   large and ever deepening pool of management talent and oversaw the phasing
   in of wide-ranging employee share ownership and retention plans that work
   for the Group, for the top management team and investors. So we thank him
   for this, and wish him every success.'

    

   Mr.Jacques Der Megreditchian added: 'When I joined the Board eight years
   ago, Tinkoff was already an exciting business. During my tenure Oleg and
   Oliver and their team have made a hugely successful effort which has
   brought fantastic modern service to clients and handsome profits to
   shareholders. It was very interesting for me during these eight years to
   take part in this process. I am sure that many further achievements for
   the Company still lie ahead, in Russia and abroad. I wish Company a highly
   successful future.'

    

    

   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)
                                   2 ir@tinkoff.ru
    1 pr@tinkoff.ru

    

   TCS Group Holding PLC

    

   TCS Group Holding PLC is an innovative provider of online retail financial
   services. Its portfolio includes Tinkoff Bank, the mobile virtual network
   operator Tinkoff Mobile, Tinkoff Insurance, the management company Tinkoff
   Capital, Tinkoff Software DC, a network of development hubs in Russia's
   largest cities, and Tinkoff Education. The Group is currently developing
   the 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 largest business is Tinkoff Bank, a fully online bank that
   serves over 13 million customers and represents the core of the Tinkoff
   ecosystem.

   Tinkoff Bank is the second largest player in the Russian credit card
   market, with a share of 14.0%. The 2020 IFRS net income of TCS Group
   Holding PLC amounted to RUB 44.2 billion. The ROE was 40.6%.

    

   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.

    

   Global Finance named Tinkoff Bank the world's Best Digital Consumer Bank
   in 2018 and 2020, the Best Digital Consumer Bank in Russia in 2020, 2018,
   2016 and 2015, and the Best Digital Consumer Bank in Central and Eastern
   Europe in 2019 and 2020. The Banker recognised Tinkoff Bank as the Bank of
   the Year in Russia in 2017 and 2013, and as the Best-performing Russian
   Bank in 2020. The bank's mobile app has consistently received top industry
   ratings and awards (by Deloitte in 2013, 2014, 2015, 2016 and by Global
   Finance in 2018 and 2020) and in 2020, was ranked by Forbes among the
   top-3 Best Russian Employers.

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   ISIN:          US87238U2033
   Category Code: MSCL
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  108183
   EQS News ID:   1202299


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:pr@tinkoff.ru
   2. mailto:ir@tcsbank.ru


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