REG - TCS Grp Hldg PLC - TCS Group Controlling Shareholder Increases Stake <Origin Href="QuoteRef">TCSq.L</Origin>

TCS HoldingAnnouncement

01/12/2015 15:22

RNS Number : 6155H
TCS Group Holding PLC
01 December 2015
Controlling Shareholder of TCS Group Holding PLC increases stake, fulfills dealing commitment
Moscow, Russia - 1 December 2015. TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, announces that Oleg Tinkov and connected persons have increased their holdings in the Group. This additional investment when taken with the purchases announced on 4 July 2014, fulfills the previous commitment, announced on 11 June last year, to invest, subject to market and other conditions, up to around USD 10 million.
The Group's controlling shareholder Oleg Tinkov (with connected persons) increased his beneficial interest in the Group by purchasing on market, under a trading plan, a further 2,538,048 GDRs between 12 October 2015 and 16 November 2015 at an average price per GDR of USD 2.72, resulting in aggregate GDR holdingsof 3 million GDRsrepresenting 1.64% of the Group's issued shares. 
In addition to that, Oleg Tinkov and connected persons own 92,144,603 Class B shares representing 50.45% of the entire issued share capital of the Group.
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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 London
Elena Kalinskaya
+44 (0) 020 3727 1279

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).
The Group's five-year strategy has the ambition of becoming a financial supermarket where customers can shop not only for our products, but also for those of our partners.
As at 1November 2015, the bank was the second largest player in the Russian credit card market, with a market share of 7.7%. As at 1December 2015, the bank issued over 5.4mcredit cards. The bank is well capitalised: its CBR N1 total capital ratio stood at 13% as at 1December 2015.
The 9M2015 IFRS net income of the Group amounted to RUB0.9bn.
In 2013, The Banker magazine, the world's premier banking and finance resource and Financial Times Group member, named TinkoffBank the Bank of the Year and the most profitable bank in Russia. In 2015, Global Finance magazine and Banki.ru portal presented TinkoffBank with the Best Internet Retail Bank inRussia award. 

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.

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