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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.
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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.
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ISIN: US87238U2033
Category Code: RAG
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 17033
EQS News ID: 858909
End of Announcement EQS News Service
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References
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2. mailto:d.ermolina@tinkoff.ru,%20PR@tcsgh.com.cy
3. mailto:ir@tcsbank.ru
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