REG-TCS Group Holding PLC TCS Group Holding PLC: Conversion of Class B Shares

TCS HoldingAnnouncement

18/03/2019 14:50

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   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC: Conversion of Class B Shares

   18-March-2019 / 17:47 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: Conversion of Class B Shares

    

   Limassol, Cyprus - 18 March 2019

   TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of
   online financial and lifestyle services via the Tinkoff.ru ecosystem,
   today announces that 6,385,310 Class B Shares in the Group held indirectly
   by Oleg Tinkov were converted to Class A Shares with effect from 15 March
   2019. As a result of the conversion and sale, Oleg Tinkov's voting rights
   in the Group have decreased from 90.18% to 88.63%. Following the
   conversion, the total number of votes in issue is 902,766,841.

   For enquiries:

   Tinkoff Bank                  Tinkoff Bank
   Darya Ermolina                Larisa Chernysheva
   Head of PR                    IR Department
   + 7 495 648-10-00 (ext. 2009) + 7 495 648-10-00 (ext. 2312)
   d.ermolina@tinkoff.ru         ir@tinkoff.ru

   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 11.8%. The 2018 IFRS net income of TCS Group
   Holding PLC amounted to RUB 27,1 bn (a record high year net income in the
   Group's history), ROE grew to 74.7%.

   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).

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   ISIN:          US87238U2033
   Category Code: MSCM
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  7851
   EQS News ID:   788689


    
   End of Announcement EQS News Service

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