REG-TCS Group Holding PLC TCS Group Holding PLC: Conversion of Class B Shares

TCS HoldingAnnouncement

14/12/2020 19:45

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   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.

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   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).

    

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   ISIN:          US87238U2033
   Category Code: MSCH
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  89694
   EQS News ID:   1155099


    
   End of Announcement EQS News Service

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