REG - TCS Grp Hldg PLC - TCS Group Announces Payment of Interim Dividend <Origin Href="QuoteRef">TCSq.L</Origin>

TCS HoldingAnnouncement

16/05/2016 13:30

RNS Number : 3670Y
TCS Group Holding PLC
16 May 2016
TCS Group Holding PLC Announces Payment of Interim Dividend
Moscow, Russia- 16 May 2016. TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, is pleased to announce that the Board of Directors today approved an interim gross dividend of USD0.17 per share/per GDR (with each GDR representing one share) with a total amount allocated for dividend payment of around USD31,048,601.
Subject to London Stock Exchange regulations, indicatively the dividend will be payable on 6 June 2016 to those shareholders on the Group's register as at the record date of 3 June 2016. The ex-dividend date will be 2 June 2016.
According to the terms of the GDR deposit agreement, holders of the Group's GDRs will receive their dividends approximately 5 business days after the payment date.
For enquiries:
Tinkoff Bank
Darya Ermolina
Head of PR
+ 7 495 648-10-00 (ext. 2009)
d.ermolina@tinkoff.ru
Tinkoff Bank
Larisa Chernysheva
IR Department
+ 7 495 648-10-00 (ext. 2312)
ir@tinkoff.ru
FTI Consulting
Elena Kalinskaya/Leonid Fink
+44 (0) 020 3727 1000
tcsgroupholding@fticonsulting.com
About the Group
TCS Group Holding PLC is an innovative provider of online retail financial services operating in Russia through a high-tech branchless platform. In order to support its branchless platform, the Group has also developed a "smart courier" network covering almost 600 cities and towns in Russia which allows next day delivery to many customers.
Tinkoff Bank's product range includes credit, debit and prepaid cards, deposits, co-branded cards, and agent-based mortgage products. With its special focus on mobile business, the bank offers mobile applications both for its customer base (Mobile Bank) and beyond it (Traffic Fines, MoneyTalk, Card2Card instant money transfers).
As per its five-year strategy, the Group has the ambition to become a financial marketplace offering both own brand and partner products.
The 2015 IFRS net income of the Group amounted to RUB1.9bn.
As at 1April 2016, the bank was the second largest player in the Russian credit card market, with a market share of 8.7%. As at 1March 2016, the bank issued over 5.7mcredit cards. The bank is well capitalised: its CBR N1 total capital ratio stood at 11.8% as at 1February 2016.
In 2015, the Global Finance magazine named TinkoffBank as the Best Internet Retail Bank inRussia. In 2013, Tinkoff Bank was recognised as the Bank of the Year and the most profitable bank in Russia by the Banker magazine, the world's premier banking and finance resource, published by the Financial Times Group.
Forward-looking statements
Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group and Tinkoff Bank. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might", the negative of such terms or other similar expressions. The Group and Tinkoff Bank wish to caution you that these statements are only predictions and that actual events or results may differ materially. The Group and Tinkoff Bank do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Group and Tinkoff Bank, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries the Group operates in, as well as many other risks specifically related to the Group, Tinkoff Bank and their respective operations.

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