REG-TCS Group Holding PLC TCS Group Holding PLC: notification of the sale of a 35.08% holding in the Company's ordinary shares

TCS HoldingAnnouncement

28/04/2022 17:15

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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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