REG-TCS Group Holding PLC TCS Group Holding PLC announces expansion of its long-term management incentive and retention plan

TCS HoldingAnnouncement

19/03/2018 14:22

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   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC announces expansion of its long-term management
   incentive and retention plan

   12-March-2018 / 12:00 CET/CEST
   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 expansion of its long-term management
   incentive and retention plan

    

   Moscow, Russia - 12 March 2018.  TCS Group Holding PLC (TCS LI) (the
   "Group") Russia's leading provider of online retail services via its
   Tinkoff.ru financial supermarket, announces that its Board of Directors on
   5 March 2018 approved the further expansion and deepening of its long-term
   management incentive and retention plan (MLTIP). The Board approved an
   increase in the number of participants from the current 67 to 83 with
   effect from 31 March 2018 and making awards to these new participants.

    

   The Group announced on 2 February 2017 that the target total size of the
   MLTIP pool would be nearly 5.6% of the Group's current share capital.

    

   MLTIP is awarded over four years, materially subject to the fulfilment of
   annual KPIs, with each such annual award vesting linearly over the three
   subsequent years. All participants are employees of the Group, working
   full time in the Russian Federation. The aim of the expansion, as the
   Group continues to grow the scale and scope of its operations, is to
   ensure that the interests of its broader management team are closely
   aligned with the interests of shareholders to grow the Group's value.

    

   Oleg Tinkov, Founder of Tinkoff Bank, commented: "I am happy to once again
   see our young and talented employees among my partners, and we are
   committed to further extending the long-term share incentive plan for
   Tinkoff.ru team. It is inspiring that in Russia, recent graduates from the
   country's leading universities, such as Lomonosov Moscow State University,
   Bauman Moscow State Technical University, Moscow Institute of Physics and
   Technology, can have a stake in the company worth significant sums, just
   like the founder. I am proud of my colleagues and convinced that such
   programmes will motivate them to create more innovative financial
   products, treat our customers with great care and passion, and further
   boost the Company's shareholder value."

    

    

   For enquiries:                                               
                                 Tinkoff Bank
   Tinkoff Bank
                                 Larisa Chernysheva
   Darya Ermolina
   Head of PR                    IR Department
                                                                
   + 7 495 648-10-00 (ext. 2009) + 7 495 648-10-00 (ext. 2312)

    1 media@tinkoff.ru            2 ir@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 1,800
   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 October 2017, the bank was the second largest player in the
   Russian credit card market, with a market share of 11.6%. The 9M 2017 IFRS
   net income of TCS Group Holding PLC amounted to RUB 12.6 bn, ROE stood at
   48.8%.

   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: MSCH
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  5287


    
   End of Announcement EQS News Service

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   662715  12-March-2018 

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References

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


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