REG - TCS Grp Hldg PLC - TCS Group Announces Results of 2016 AGM <Origin Href="QuoteRef">TCSq.L</Origin>

TCS HoldingAnnouncement

03/06/2016 17:05

RNS Number : 2327A
TCS Group Holding PLC
03 June 2016
TCS Group Holding PLC Announces Results of 2016 AGM
Limassol, Cyprus - 3 June 2016. TCS Group Holding PLC (TCS LI) (the "Company"), Russia's leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, announces the results of its Annual General Meeting of shareholders (AGM) held earlier today. 
The AGM was held at the registered office of the Company at 2nd Floor, Sotiri Tofini 4, Agios Athanasios, 4102, Limassol, Cyprus and had a quorum of 952,344,395votes present, corresponding to94.11% in number of the votes carried or conferred by the shares giving a right to be present and vote at the meeting. The AGM was chaired by Mr Constantinos Economides.
The AGM passed all the proposed resolutions, in particular:
 Re-appointment of PricewaterhouseCoopers Limited as auditor of the Company. 
 The Board of Directors was authorised to determine the remuneration of the auditor.
 Re-election of Mr. Martin Cocker and Mr. Philippe Delpal to the Board of Directors.
 The Board of Directors was granted authority to buy back class A shares or interests in class A shares including global depositary receipts, up to the maximum (10% of subscribed capital) permitted by Cyprus law.
The Chairman of the Audit Committee of the Board of Directors remains Mr. Martin Cocker: the composition of the Audit and Remuneration Committees is unchanged.
The Meeting also received and accepted the Company's Annual Report for 2015.
The Minutes of the AGM will be available for viewing at the registered office of the Company and available on the National Storage Mechanism of the UK Listing Authority, located at www.hemscott.com/nsm.do.
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.

This information is provided by RNS
The company news service from the London Stock Exchange
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