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TCS Group Holding PLC (TCS)
TCS Group buys back 1,616,926 GDRs for its long-term management incentive
and retention plan
27-Apr-2018 / 19:13 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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TCS Group buys back 1,616,926 GDRs for its long-term management incentive
and retention plan
Moscow, Russia - 27 April 2018. TCS Group Holding PLC (TCS LI) (the
"Group"), Russia's leading provider of online retail financial services
via its Tinkoff.ru financial supermarket, today provides an update on its
long-term management incentive and retention plan (MLTIP).
Following the expansion of the MLTIP, the Group continues to follow its
long-standing practice of pre-funding the plan through buybacks. As part
of this initiative from 11 through 27 April 2018, the Group has purchased
a total of 1,616,926 TCS GDRs at an average price of $19.12 per GDR.
The volume includes the purchases announced earlier on 17 April 2018.
For enquiries:
Tinkoff Bank
Tinkoff Bank
Larisa Chernysheva
Darya Ermolina IR Department
Head of PR
+ 7 495 648-10-00 (ext. 2312)
+ 7 495 648-10-00 (ext. 2009)
2 ir@tinkoff.ru
1 d.ermolina@tinkoff.ru
About the Group
TCS Group is an innovative provider of online retail financial services
operating in Russia through a high-tech branchless platform. TCS Group
includes Tinkoff Bank, mobile virtual operator network Tinkoff Mobile,
Tinkoff Insurance, and Tinkoff Software DC, a network of IT development
hubs across Russia.
The Group was founded in 2006 by the Russian entrepreneur Oleg Tinkov and
has been listed on the London Stock Exchange since October 2013.
With no retail branches, the Group serves its customers remotely via
online channels and its call centre, and operates a network of over 2,500
representatives to ensure smooth delivery of its products. The network
covers all of Russia and allows next day delivery to most customers.
The Group's key business is Tinkoff Bank, Russia's first and only direct
bank offering both own brand and partner retail financial services via its
Tinkoff.ru platform. The product range includes daily banking (credit and
debit cards, payments, money transfers), savings, investments, loyalty
programmes, travel services, SME services, mortgage platform, and
insurance. 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, Card 2 Card instant money transfers).
As at 1 February 2018, the bank was the second largest player in the
Russian credit card market, with a market share of 11.7%. The FY 2017 IFRS
net income of TCS Group Holding PLC amounted to RUB 19.0 bn, ROE stood at
53%.
Banki.ru, Russia's largest financial news portal, named Tinkoff Bank the
Bank of the Year 2016. 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.
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.
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ISIN: US87238U2033
Category Code: POS
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 5481
EQS News ID: 680571
End of Announcement EQS News Service
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References
Visible links
1. mailto:d.ermolina@tinkoff.ru
2. mailto:ir@tcsbank.ru
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