REG-TCS Group Holding PLC EQS-Regulatory: TCS Group Holding PLC Expands Long-Term Management Incentive and Retention Plan <Origin Href="QuoteRef">TCSq.L</Origin>

TCS HoldingAnnouncement

02/02/2017 07:00

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   TCS Group Holding PLC / Miscellaneous - High Priority
   TCS Group Holding PLC Expands Long-Term Management Incentive and Retention
   Plan

   02-Feb-2017 / 08:00 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS,
   LLC - a company of EQS Group AG.
   The issuer is solely responsible for the content of this announcement.

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   TCS Group Holding PLC announces expansion of its long-term management
   incentive and retention plan

   Moscow, Russia - 2 February 2017. 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 its Board of
   Directors on 1 February 2017 approved the expansion of its long-term
   management incentive and retention plan (MLTIP) as follows:

   - an increase in the number of participants from the current 51 to 69 with
   effect from 31 March 2017 and to over 80 with effect from 31 March 2018
   and making awards to these new participants,

   - an increase of awards to certain existing participants playing a key
   role in the Group's growth.

   Awards to new joiners and an increase of awards to existing participants
   will represent in aggregate up to 1.5% of the current issued share capital
   of the Group which increases the total size of MLTIP pool to 5.6% of the
   Group's current share capital.

   The aim of the expansion, as the Group continues to grow the scale and
   scope of its operations, is to ensure that the interests of its broader
   management team are closely aligned with the interests of shareholders to
   grow the Group's value.

   The Board of Directors proposes to put on the agenda of the AGM scheduled
   for 29 May 2017 in Limassol resolutions connected with implementing the
   expansion of MLTIP.

   For enquiries:
   Tinkoff Bank                   
   Darya Ermolina
   Head of PR
   + 7 495 648-10-00 (ext. 2009)
   media@tinkoff.ru

    

   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. The
   Group has also developed a 'smart courier' network covering almost all
   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, agent-based mortgage products and investment
   services. With its special focus on mobile, the bank offers mobile
   applications both for its customer base (Mobile Bank) and beyond it
   (Traffic Fines, MoneyTalk, Card 2 Card 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 1 November 2016, the bank was the second largest player in the
   Russian credit card market, with a market share of 9.9%. The Group's 9M
   2016 IFRS net income amounted to RUB 7.3 bn.

   In October 2016 Tinkoff Bank was named the largest independent global
   direct bank by Frost & Sullivan. In 2015 and 2016, the Global Finance
   magazine named Tinkoff Bank as the Best Consumer Digital Bank in Russia.
   In 2016, the bank also won Global Finance's Best Integrated Consumer Bank
   Site award and was named the Best Digital Bank in the CEE by Euromoney.
   The bank's mobile application was recognised as the best in Russia by
   Markswebb Rank & Report for three consecutive years in 2014, 2015 and
   2016, and by Deloitte for four consecutive years from 2013 to 2016.

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   Language:      English
   Company:       TCS Group Holding PLC
                  2nd Floor, Sotiri Tofini 4, Agios Athanasios
                  4102 Limassol
                  Cyprus
   Phone:         +7 495 648-10-00
   Fax:           +7 495 645-59-09
   E-mail:        media@tinkoff.ru
   Internet:      https://www.tinkoff.ru
   ISIN:          US87238U2033
   Listed:        Foreign Exchange(s) London, Moscow
   Category Code: MSCH
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  3812


    
   End of Announcement EquityStory.RS, LLC News Service


   541077  02-Feb-2017 

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