REG-TCS Group Holding PLC PLACING OF 8,333,334 GLOBAL DEPOSITARY RECEIPTS REPRESENTING INTERESTS IN CLASS A SHARES OF TCS GROUP HOLDING PLC (THE 'COMPANY') BY ALTOVILLE HOLDINGS LIMITED

TCS HoldingAnnouncement

18/03/2019 13:35

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   TCS Group Holding PLC (TCS)
   PLACING OF 8,333,334 GLOBAL DEPOSITARY RECEIPTS REPRESENTING INTERESTS IN
   CLASS A SHARES OF TCS GROUP HOLDING PLC (THE 'COMPANY') BY ALTOVILLE
   HOLDINGS LIMITED

   18-March-2019 / 16:35 MSK
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   NOT FOR PUBLICATION,  DISTRIBUTION OR RELEASE  DIRECTLY OR INDIRECTLY,  IN
   WHOLE OR IN PART, IN OR  INTO THE UNITED STATES, AUSTRALIA, CANADA,  JAPAN
   OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED  BY
   LAW

   THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE
   INSIDE INFORMATION  FOR THE  PURPOSES OF  ARTICLE 7  OF THE  MARKET  ABUSE
   REGULATION (EU) NO. 596/2014. UPON  THE PUBLICATION OF THIS  ANNOUNCEMENT,
   THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN 

   Information contained herein in respect of the Global Depositary  Receipts
   is not  intended for  any  persons located  within  the territory  of  the
   Russian Federation, who are not  "qualified investors" within the  meaning
   of Article 51.2 of the Russian Federal Law "On the Securities Market"  No.
   39-FZ dated 22  April 1996,  as amended, and  must not  be distributed  or
   circulated into the Russian Federation,  or made available in the  Russian
   Federation, to any persons who are not qualified investors, unless and  to
   the extent they are otherwise  permitted to access such information  under
   Russian  law.  Please  see  the  important  notice  at  the  end  of  this
   announcement.

   PLACING OF 8,333,334 GLOBAL DEPOSITARY RECEIPTS REPRESENTING INTERESTS  IN
   CLASS A  SHARES OF  TCS GROUP  HOLDING PLC  (THE "COMPANY")  BY  ALTOVILLE
   HOLDINGS LIMITED

   18 March 2019

   TCS  Group  Holding  PLC,  Russia's  leading  provider  of  online  retail
   financial and lifestyle services  via its Tinkoff.ru financial  ecosystem,
   announces  that  it  has  been  advised  by  ALTOVILLE  HOLDINGS   LIMITED
   ("Altoville"), a  company connected  with Mr.  Oleg Tinkov  (the  "Selling
   Shareholder"), that  it  has  sold 8,333,334  Global  Depositary  Receipts
   representing  interests  in  Class  A  Shares  of  the  Company  ("GDRs"),
   representing approximately 4.56 per  cent of the  issued share capital  of
   the Company.

   The GDRs were placed at a price  of USD 18.00 per GDR, via an  accelerated
   bookbuild secondary placing (the "Placing").

   Following  the  Placing,   the  Selling  Shareholder   continues  to   own
   approximately 43.8 per cent  of the issued share  capital of the  Company,
   whilst free float represents 49.7 per cent.

   Under the terms of the Placing, the Selling Shareholder (through Altoville
   and other entities) has  agreed not to dispose  of further shares or  GDRs
   representing interests in Class A Shares of the Company for a period of at
   least 180 days.

   The Company will not receive any proceeds from the Placing.

   The information contained within this announcement is deemed to constitute
   inside information as stipulated under  the Market Abuse Regulations  (EU)
   No. 596/2014.

   Enquiries:

   Tinkoff Bank                  Tinkoff Bank
   Darya Ermolina                Larisa Chernysheva
   Head of PR                    IR Department
   + 7 495 648-10-00 (ext. 2009) + 7 495 648-10-00 (ext. 2312)
   d.ermolina@tinkoff.ru         ir@tinkoff.ru

    

   Important Notice:

   Members of the general public are not  eligible to take part in the  sale.
   This announcement and any offer of securities to which it relates are only
   addressed to  and directed  at (1)  in any  Member State  of the  European
   Economic Area, persons who are "qualified investors" within the meaning of
   article 2(1)(e)  of  EU  Directive 2003/71/EC  (as  amended  by  directive
   2010/73/EU to the extent implemented in the relevant Member State) and any
   relevant implementing measures  (the "Prospectus Directive");  and (2)  in
   the United  Kingdom,  persons  who (i)  have  professional  experience  in
   matters relating  to investments  who  fall within  article 19(5)  of  the
   Financial Services and Markets Act  2000 (Financial Promotion) Order  2005
   (as amended) (the "Order");  (ii) fall within Article  49(2)(a) to (d)  of
   the Order; or (iii)  are persons to  whom an offer  of the Company's  GDRs
   (the "Placing  Securities")  may  otherwise lawfully  be  made  (all  such
   persons referred to in (1) and (2) together being referred to as "relevant
   persons").  The  information  regarding  the  placing  set  out  in   this
   announcement must not  be acted on  or relied  on by persons  who are  not
   relevant persons.  Any investment  or investment  activity to  which  this
   announcement relates is  available only  to relevant persons  and will  be
   engaged in only with relevant persons.

   This announcement does not, and shall not, in any circumstances constitute
   a public  offering, nor  an  offer to  sell or  to  subscribe for,  nor  a
   solicitation to offer to  purchase or to subscribe  for securities in  any
   jurisdiction. The distribution  of this announcement  and the offering  or
   sale of the Placing Securities in certain jurisdictions may be  restricted
   by law. No action has been taken by Altoville (or any affiliates  thereof)
   or the  Bookrunner  or any  of  its affiliates  that  would, or  which  is
   intended to,  permit a  public  offer of  the  Placing Securities  in  any
   jurisdiction or possession  or distribution  of this  announcement or  any
   other offering or publicity material relating to the Placing Securities in
   any jurisdiction where action for  that purpose is required. Persons  into
   whose possession this announcement comes are required by Altoville and the
   Bookrunner to  inform  themselves  about and  to  observe  any  applicable
   restrictions.

   With respect to the member states of the European Economic Area which have
   implemented the Prospectus Directive (each, a "Relevant Member State"), no
   action has been undertaken or will be  undertaken to make an offer to  the
   public of the Placing Securities sold by Altoville requiring a publication
   of a  prospectus in  any  relevant member  state.  As a  consequence,  the
   Placing Securities may  only be  offered or  sold in  any Relevant  Member
   State pursuant to an exemption under the Prospectus Directive.

   This announcement and the information contained herein is for  information
   purposes only and does not constitute or form part of any offer of, or the
   solicitation of an offer to acquire or dispose of securities in the United
   States, Canada, Australia or Japan or  in any other jurisdiction in  which
   such an offer or solicitation is unlawful.

   The Placing Securities have  not been, and will  not be, registered  under
   the US Securities  Act, or  under the  applicable securities  laws of  any
   state or other  jurisdiction of  the United States,  Canada, Australia  or
   Japan. The Placing  Securities may not  be offered or  sold in the  United
   States unless  registered under  the US  Securities Act  or offered  in  a
   transaction exempt from, or not subject to, the registration  requirements
   of the US Securities Act and the securities laws of any relevant state  or
   other jurisdiction of the united states. There will be no public  offering
   of the Placing Securities in the United States or elsewhere.

   The Placing Securities  have not been  approved or disapproved  by the  US
   Securities and  Exchange Commission,  any state  securities commission  or
   other regulatory  authority in  the United  States, nor  have any  of  the
   foregoing authorities passed upon or endorsed the merits of the placing or
   the accuracy or adequacy of  this announcement. Any representation to  the
   contrary is a criminal offence in the United States.

   No prospectus  or  offering document  has  been  or will  be  prepared  in
   connection with the placing. Any investment decision to buy securities  in
   the placing  must  be made  solely  on  the basis  of  publicly  available
   information. Such information  is not  the responsibility of  and has  not
   been independently verified by the  Selling Shareholder (or any  affiliate
   thereof) or the Bookrunner or any of its affiliates.

    

   The information with respect to GDRs contained herein is not for  release,
   publication or distribution  in whole or  in part in  or into the  Russian
   Federation subject to certain exceptions. These written materials are not,
   and under  no circumstances  are to  be construed  as, a  public offer  or
   advertising or an invitation to make offers to sell, purchase, exchange or
   otherwise transfer or dispose of  any securities, including securities  of
   foreign issuers, or other financial instruments in the Russian  Federation
   within the meaning of Russian securities laws or to or for the benefit  of
   any persons  or entities  resident,  incorporated, established  or  having
   their usual residence in the Russian Federation, or to or for the  benefit
   of any person located within the territory of the Russian Federation, who,
   in respect of GDRs,  is not a "qualified  investor" within the meaning  of
   Article 51.2 of  the Russian Federal  Law "On the  Securities Market"  No.
   39-FZ dated 22  April 1996,  as amended, and  must not  be distributed  or
   circulated into the Russian  Federation or made  available in the  Russian
   Federation, to any persons who are not qualified investors, unless and  to
   the  extent  the  recipients  are  otherwise  permitted  to  access   such
   information under Russian law. The GDRs  referred to herein have not  been
   registered in Russia or admitted to placement and/or public circulation in
   the Russian Federation and the information  contained herein is not to  be
   made publicly available in  the Russian Federation or  passed on to  third
   parties in  the  Russian  Federation,  unless  otherwise  permitted  under
   Russian law. The securities are  not intended for "offering",  "placement"
   or "circulation"  (each as  defined  in Russian  securities laws)  in  the
   Russian Federation, except as permitted by Russian law.

    

   Morgan Stanley &  Co. International  plc is authorised  by the  Regulation
   Authority ("PRA")  and regulated  in the  United Kingdom  by the  PRA  and
   Financial Conduct Authority ("FCA"). The Bookrunner is acting  exclusively
   for Altoville in connection with the  placing and will not be  responsible
   to anyone other than  Altoville for providing  the protections offered  to
   their respective  client, nor  for  providing advice  in relation  to  the
   placing or  any transaction,  matter or  arrangement referred  to in  this
   announcement.

    

   In connection with the offering of the Placing Securities, the  Bookrunner
   or any of its affiliates may take  up a portion of the Placing  Securities
   as a principal position and in that capacity may retain, purchase or  sell
   for their own  accounts such securities.   In addition it  may enter  into
   financing arrangements and swaps with  investors in connection with  which
   they may  from  time to  time  acquire, hold  or  dispose of  the  Placing
   Securities. They  do  not  intend  to disclose  the  extent  of  any  such
   investment or transactions otherwise than in accordance with any legal  or
   regulatory obligation to do so.

    

    

    

    

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   ISIN:          US87238U2033
   Category Code: MSCM
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  7849
   EQS News ID:   788653


    
   End of Announcement EQS News Service

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