REG - TCS Grp Hldg PLC - TCS Group Holding PLC: transactions in own GDRs <Origin Href="QuoteRef">TCSq.L</Origin>

TCS HoldingAnnouncement

14/01/2016 13:50

RNS Number : 9034L
TCS Group Holding PLC
14 January 2016
TCS Group Holding PLC: transactions in own GDRs
Moscow, Russia - 14 January 2016. TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, today announces that on 7 January 2016, the Group purchased 3,969,420 GDRs at USD 3.00 per GDR for a total consideration of USD 11,908,260. 
The GDRs are to be allocated to meet projected commitments under a new long term management incentive plan due to be launched this year.In total, the Group holds 5,813,102 GDRs, including those purchased in 2015 for the same purpose. 
The Group was also notified that Altruco Trustees Limited, as the trustee of the ESOP trust and private trusts of the seven key managers of Tinkoff Bank, had acquired for the private trusts an additional 16,778 GDRs between7and 12 January 2016 at an average price of USD 2.80 per GDR, pursuant to a 2015 trading plan established for one ESOP participant, and an additional 33,333 GDRs in late 2015 for a second participant at an average price of USD 3.00 per GDR. This brings Altruco Trustees Limited aggregate current holdings in the Group to 1,956,414 GDRs and A shares for the ESOP, and 145,843 GDRs for the private trusts.
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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/ Leonid Fink
+44 (0) 020 3727 1000

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.
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, TinkoffBank was recognized 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. In 2015, the Global Finance magazine named TinkoffBank as the Best Internet Retail Bank inRussia. 

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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