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TCS - TCS Holding News Story

$62.6 -1.5  -2.3%

Last Trade - 14/05/21

Sector
Financials
Size
Large Cap
Market Cap £8.85bn
Enterprise Value £8.65bn
Revenue £1.57bn
Position in Universe 127th / 1826

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

Wed 21st April, 2021 6:21pm
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   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC announces a GDR buyback programme

   21-Apr-2021 / 20:21 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 - 21 April 2021. 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  22 April to 31 August 2021 (the
   "Programme"). 

    

   The maximum number of GDRs that may be repurchased under the Programme
   will be 700,000 and the aggregate purchase price will not exceed $45 mn.
   The purpose of the Programme is to fund the Company's long-term management
   incentive plan MLTIP, as notified in earlier disclosures on February, 10.
   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 2020
   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
   Artem Lebedev
   PR Department                  Larisa Chernysheva
                                  IR Department
   + 7 495 648-10-00 (ext. 2202)
                                  + 7 495 648-10-00 (ext. 2312)
   Alexandr Leonov
                                  Andrey Pavlov-Rusinov
   + 7 495 648-10-00 (ext. 35738)
                                   2 ir@tinkoff.ru
    1 pr@tinkoff.ru

    

   About Tinkoff Group

    

   TCS Group Holding PLC is an innovative provider of online retail and SME
   financial services. It includes Tinkoff Bank, its mobile virtual network
   operator Tinkoff Mobile, Tinkoff Insurance, its asset 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 since October 2013.

    

   The Group's key business is Tinkoff Bank, a fully online bank that serves
   over 13 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 13.5%. The 2020 IFRS net profit of TCS Group
   Holding PLC amounted to RUB 44.2 billion. The ROE was above 40%.

    

   With no branches, the Group serves all its customers remotely via online
   channels and a cloud-based call centre. The centre is staffed by over
   10,000 employees, making it one of the largest in Europe. To ensure smooth
   delivery of the Group's products, the Group has a nationwide network of
   over 2,500 representatives.

    

   In 2020 Tinkoff was named the world's Best Consumer Digital Bank and
   honoured with multiple other category wins at Global Finance's Digital
   Bank Awards 2020.Tinkoff was also recognised as Russia's Best-Performing
   Bank Overall by The Banker magazine, which scored Tinkoff's 2020
   performance in the areas of growth, profitability, operational efficiency,
   asset quality, return on risk, liquidity, soundness and leverage. Tinkoff
   was also recognised among Russia's Top 3 Employers for 2020, according to
   Forbes.'

   Earlier in 2018, Global Finance named Tinkoff Bank the world's Best
   Consumer Digital Bank, and in 2020, 2019, 2018, 2016 and 2015, the Best
   Consumer Digital Bank in Russia. In 2017 and 2013, the Banker recognized
   Tinkoff Bank as the Bank of the Year in Russia. The bank's mobile app has
   been consistently praised by local and global independent experts as the
   best of its kind (in 2013, 2014, 2015, 2016 by Deloitte and in 2018 by
   Global Finance).

    

   ══════════════════════════════════════════════════════════════════════════

   ISIN:          US87238U2033
   Category Code: MSCH
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  100400
   EQS News ID:   1187387


    
   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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