REG-TCS Group Holding PLC TCS Group Holding PLC announces a GDR buyback programme

TCS HoldingAnnouncement

11/03/2020 13:25

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   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC announces a GDR buyback programme

   11-March-2020 / 16:21 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 Holding PLC announces a GDR buyback programme

    

   Limassol, Cyprus - 06 March 2020. TCS Group Holding PLC (LI: TCS, MOEX:
   TCSG) ("Company"), Russia's leading provider of online financial and
   lifestyle services via its Tinkoff ecosystem, today announces a GDR
   buyback programme during the period 12 to 31 March 2020 (the
   "Programme"). 

    

   The maximum number of GDRs that may be repurchased under the Programme
   will be 650,000 and the aggregate purchase price will not exceed $10mn.
   The GDRs repurchased by the Company will be held in treasury pending
   cancellation or other permitted use.

    

   The Programme will be conducted consistent with the general authority to
   repurchase shares/GDRs granted by the Company's shareholders at the 2019
   annual general meeting, and otherwise in accordance with applicable laws
   and regulations. Details of any purchases made under the Programme will be
   provided via RNS announcements and published on the Company's website.

    

   For enquiries:
                                  Tinkoff
   Tinkoff
                                  Larisa Chernysheva
   Artem Lebedev                  IR Department
   PR Department
                                  + 7 495 648-10-00 (ext. 2312)
   + 7 495 648-10-00 (ext. 2202)
                                  Neri Tollardo
   Alexandr Leonov
                                  +44 7741 078383
   + 7 495 648-10-00 (ext. 35738)
                                   2 ir@tinkoff.ru
    1 pr@tinkoff.ru
                                   

   TCS Group Holding PLC

   TCS Group Holding PLC is an innovative provider of online retail financial
   services. It includes Tinkoff Bank, mobile virtual network operator
   Tinkoff Mobile, Tinkoff Insurance, management company Tinkoff Capital,
   Tinkoff Software DC, a network of development hubs in major Russian
   cities, and Tinkoff Education. The Group is currently developing Tinkoff
   ecosystem, which offers financial and lifestyle services.

   The Group was founded in 2006 by Russian entrepreneur Oleg Tinkov and has
   been listed on the London Stock Exchange and on the Moscow Exchange.

   The Group's key business is Tinkoff Bank, a fully online bank that serves
   over 10 mn customers and forms the core of the Tinkoff ecosystem.

   Tinkoff Bank is the second largest player in the Russian credit card
   market, with a share of 13.2%. The 9M 2019 IFRS net income of TCS Group
   Holding PLC amounted to RUB 25.1 bn. The ROE was 59%.

   With no branches, the Group serves all its customers remotely via online
   channels and a cloud-based call centre. To ensure smooth delivery of the
   Group's products, the Group has a proprietary nationwide network of
   representatives.

   In 2018, Global Finance named Tinkoff Bank the world's Best Consumer
   Digital Bank, in 2019, 2018, 2016 and 2015, the Best Consumer Digital Bank
   in Russia, and in 2019, the Best Consumer Digital Bank in Central and
   Eastern Europe. In 2017 and 2013, the Banker recognised Tinkoff Bank as
   the Bank of the Year in Russia. The bank's mobile app has consistently
   received top industry ratings and awards (in 2013, 2014, 2015, 2016 by
   Deloitte and in 2018 by Global Finance).

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   ISIN:          US87238U2033
   Category Code: MSCM
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  51712
   EQS News ID:   994739


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:pr@tinkoff.ru
   2. mailto:ir@tcsbank.ru


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