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TCS Group Holding PLC (TCS)
TCS Group buys back 250,000 GDRs, including for its long-term management
incentive and retention plan, MLTIP
10-Sep-2018 / 19:54 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 250,000 GDRs, including for its long-term management
incentive and retention plan, MLTIP
Limassol - 10 September 2018. TCS Group Holding PLC (TCS LI) (the
"Group"), Russia's leading provider of online retail financial and
lifestyle services via its Tinkoff.ru financial supermarket, today
provides an update on its own transactions in its GDRs, including for its
long-term management incentive and retention plan (MLTIP).
Following the expansion of MLTIP in 2017-2018, the Group continues to
follow its long-standing practice of pre-funding the plan through
buybacks. On 30 August, 2018 the Group repurchased 150,000 GDRs at a gross
price per GDR of USD17.88 and on 7 September a further 100,000 GDRs at a
gross purchase price per GDR of USD16.75.
As a result of the purchase of 57,441 of these GDRs, the Company has fully
matched MLTIP's holdings of GDRs against its full commitments to existing
plan participants; the balance will not be cancelled but kept available
for funding projected awards for 2019 and beyond.
Additional purchases may be undertaken opportunistically as and when the
Group sees opportunities based on the market price of its GDRs.
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 Holding PLC 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
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, MyPocket, Card 2 Card instant money transfers).
As at 1 August 2018, the bank was the second largest player in the Russian
credit card market, with a market share of 11.7%. The 1H18 IFRS net income
of TCS Group Holding PLC amounted to RUB 11.7 bn, ROE grew to 69.3%.
Tinkoff Bank regularly wins the Best Digital Bank Award by the Global
Finance magazine. In 2015-2016 and in 2018, Tinkoff Bank was named the
Best Consumer Digital Bank in Russia. In 2018, Global Finance also
recognised Tinkoff Bank in additional nominations: Best Bill Payment &
Presentment, Best Information Security and Fraud Management, Best in
Mobile Banking, and Best Mobile Banking App.
In 2017, The Banker magazine named Tinkoff the Bank of the Year in Russia.
In 2016, Tinkoff Bank was named CEE's Best Digital Bank by Euromoney. In
2016, Tinkoff Bank was the largest independent global direct bank by
customer base, according to Frost & Sullivan. Banki.ru, Russia's largest
financial news portal, named Tinkoff the Bank of the Year 2016.
In 2014-2016, Markswebb Rank & Report ranked Tinkoff Bank's mobile app the
best in Russia. In June 2018, Tinkoff Bank topped Markswebb's Internet
Banking Rank 2018. Tinkoff Bank's mobile banking app was recognised as the
best in Russia 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.: 5995
EQS News ID: 722201
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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