REG-TCS Group Holding PLC TCS Group Holding PLC notification

TCS HoldingAnnouncement

28/02/2020 08:25

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   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC notification

   28-Feb-2020 / 11:20 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 notification

    

   Moscow, Russia - 27 February 2020. TCSGH has been informed that Mr. Oleg
   Tinkov, founder and shareholder in TCSGH, is currently attending court
   hearings initiated by the US Internal Revenue Service. The hearings are
   taking place in
   London in February-April 2020. The case concerns resolution of potential
   tax issues. We are not able to disclose more details of the case, but Mr
   Oleg Tinkov is confident that it will be resolved as swiftly as possible.
   Mr Oleg Tinkov has not been a US citizen since 2013.

   Mr Oleg Tinkov is attending these court hearings in his capacity as a
   private individual - this situation does not affect any of the operating
   companies in Tinkoff Group (including Tinkoff Bank, Tinkoff Insurance and
   Tinkoff Mobile).

   The Company plans to make further announcements, as required, as and when
   it receives further relevant information.

    

   For enquiries:
                                  Tinkoff
   Tinkoff
                                  Larisa Chernysheva
   Artem Lebedev                  IR Department
   PR Department
                                  + 7 495 648-10-00 (ext. 2312)
   + 7 495 648-10-00 (ext. 2202)
                                  Neri Tollardo
   Alexandr Leonov
                                  +44 7741 078383
   + 7 495 648-10-00 (ext. 35738)
                                   2 ir@tinkoff.ru
    1 pr@tinkoff.ru
                                   

   TCS Group Holding PLC

   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, management company Tinkoff Capital,
   Tinkoff Software DC, a network of development hubs in major Russian
   cities, and Tinkoff Education. The Group is currently developing Tinkoff
   ecosystem, which 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 and on the Moscow Exchange.

   The Group's key business is Tinkoff Bank, a fully online bank that serves
   over 10 mn customers and forms the core of the Tinkoff ecosystem.

   Tinkoff Bank is the second largest player in the Russian credit card
   market, with a share of 13.2%. The 9M 2019 IFRS net income of TCS Group
   Holding PLC amounted to RUB 25.1 bn. The ROE was 59%.

   With no branches, the Group serves all its customers remotely via online
   channels and a cloud-based call centre. To ensure smooth delivery of the
   Group's products, the Group has a proprietary nationwide network of
   representatives.

   In 2018, Global Finance named Tinkoff Bank the world's Best Consumer
   Digital Bank, in 2019, 2018, 2016 and 2015, the Best Consumer Digital Bank
   in Russia, and in 2019, the Best Consumer Digital Bank in Central and
   Eastern Europe. In 2017 and 2013, the Banker recognised Tinkoff Bank as
   the Bank of the Year in Russia. The bank's mobile app has consistently
   received top industry ratings and awards (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.:  49513
   EQS News ID:   985945


    
   End of Announcement EQS News Service

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References

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


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