REG-TCS Group Holding PLC TCS Group Holding PLC Announces Results of 2018 AGM

TCS HoldingAnnouncement

30/05/2018 17:30

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   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC Announces Results of 2018 AGM

   30-May-2018 / 19:29 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 Results of 2018 AGM

   Moscow, Russia - 30 May 2018.TCS Group Holding PLC (TCS) (the Group),
   Russia's leading provider of online retail financial services via its
   Tinkoff.ru financial supermarket, today announces the results of its
   Annual General Meeting of shareholders (AGM) held on 29 May 2018.

   The AGM was held at the registered office of the Company in Limassol,
   Cyprus and had a quorum of 904,455,367 votes present, corresponding
   to 94.19% in number of the votes carried or conferred by the shares giving
   a right to be present and vote at the meeting. The AGM was chaired by Mr
   Constantinos Economides, Chairman of the Board of Directors.

   The AGM duly passed the following proposed resolutions, in particular:

   - Re-appointment of PricewaterhouseCoopers Limited as auditor of the
   Company.

   - The Board of Directors was authorised to determine the remuneration of
   the auditor.

   - Re-election of Mr. Martin Cocker and Mr. Jacques Der Megreditchian to
   the Board of Directors.

   - The Board of Directors was granted authority to buy back class A shares
   or interests in class A shares including global depositary receipts, up to
   the maximum (10% of subscribed capital) permitted by Cyprus law.

   - The share capital increase.

   - The Board of Directors was granted authority to dispose of unissued
   shares.

   Resolution 8 was not passed.

   The Chairman of the Audit Committee and Remuneration Committee of the
   Board of Directors remain respectively Mr. Martin Cocker and Mr Jacques
   Der Megreditchian: the composition of the Audit and Remuneration
   Committees is unchanged.

   The Meeting also received and accepted the Company's Annual Report for
   2017.

   The Minutes of the 2018 AGM will be available for viewing at the
   registered office of the Company and available on the National Storage
   Mechanism of the UK Listing Authority, located
   at  1 www.hemscott.com/nsm.do.

    

   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)
                                  3 ir@tinkoff.ru
    2 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 May 2018, the bank was the second largest player in the Russian
   credit card market, with a market share of 11.7%. The 1Q18 IFRS net income
   of TCS Group Holding PLC amounted to RUB 5.7 bn, ROE grew to 68.5%.

   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: AGM
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  5600
   EQS News ID:   691151


    
   End of Announcement EQS News Service

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    4 fncls.ssp?fn=show_t_gif&application_id=691151&application_name=news&site_id=reuters6

References

   Visible links
   1. http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b78e8a7665ae1d41c84fd9819f4e2030&application_id=691151&site_id=reuters6&application_name=news
   2. mailto:d.ermolina@tinkoff.ru
   3. mailto:ir@tcsbank.ru


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