REG-TCS Group Holding PLC TCS Group Holding PLC Announces Results of 2019 AGM

TCS HoldingAnnouncement

16/08/2019 12:35

============

   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC Announces Results of 2019 AGM

   16-Aug-2019 / 14:31 MSK
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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

   TCS Group Holding PLC Announces Results of 2019 AGM

   Limassol, Cyprus - 16 August 2019. TCS Group Holding PLC (TCS LI) (the
   "Company"), Russia's leading provider of online retail financial and
   lifestyle services via its Tinkoff financial ecosystem, announces the
   results of its Annual General Meeting of shareholders (AGM) held earlier
   today.

   The AGM was held at the registered office of the Company in Limassol,
   Cyprus and had a quorum of 865,170,410 votes present, corresponding
   to 94.0982% 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 all resolutions, in particular:

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

   -Re-election of Mr. Martin Cocker to the Board of Directors.

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

   -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 Meeting also received and accepted the Company's Annual Report for
   2018.

   Mr Philippe Delpal retired as a Director of the Company with effect from
   the conclusion of the AGM.

   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 Minutes of the 2019 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.morningstar.co.uk/uk/nsm.

   For enquiries:
                                             Tinkoff
   Tinkoff
                                             Larisa Chernysheva
   Darya Ermolina
   Head of PR                                IR Department

   + 7 495 648-10-00 (ext. 2009)             + 7 495 648-10-00 (ext. 2312)

    2 d.ermolina@tinkoff.ru, PR@tcsgh.com.cy  3 ir@tinkoff.ru,
                                             IR@tcsgh.com.cy
    
                                              

   About the Group

   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, and Tinkoff Software DC, a network of
   development hubs in major Russian cities. The Group also has Tinkoff.ru,
   an evolving ecosystem that 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, the country's first and only direct bank and
   the core of the Tinkoff.ru ecosystem.

    

   Tinkoff Bank is the second largest player in the Russian credit card
   market, with a share of 12.4%. The Q1 2019 IFRS net income of TCS Group
   Holding PLC amounted to RUB 7.2 bn. ROE - 64.4%.

    

   With no branches, the Group serves all its customers remotely via online
   channels and a cloud-based call centre staffed by over 10,000 employees,
   which makes 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 2018 Global Finance named Tinkoff Bank the world's Best Consumer
   Digital Bank, in 2018, 2016 and 2015, the Best Consumer Digital Bank in
   Russia, and in 2017 and 2013 The Banker recognised it 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).

    

   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.

    

    

    

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

   ISIN:          US87238U2033
   Category Code: RAG
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  17033
   EQS News ID:   858909


    
   End of Announcement EQS News Service

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

    4 fncls.ssp?fn=show_t_gif&application_id=858909&application_name=news&site_id=reuters6

References

   Visible links
   1. https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=58c92b4a622801eed10dbccfbff51f2c&application_id=858909&site_id=reuters6&application_name=news
   2. mailto:d.ermolina@tinkoff.ru,%20PR@tcsgh.com.cy
   3. mailto:ir@tcsbank.ru


============