REG-TCS Group Holding PLC TCS Group Holding PLC: Tinkoff Controlling Shareholder Intends to Invest up to USD 30M in GDRs <Origin Href="QuoteRef">TCSq.L</Origin>

TCS HoldingAnnouncement

10/07/2017 09:05

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   TCS Group Holding PLC / Transaction in Own Shares*
   TCS Group Holding PLC: Tinkoff Controlling Shareholder Intends to Invest
   up to USD 30M in GDRs

   10-Jul-2017 / 10:05 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS,
   LLC - a company of EQS Group AG.
   The issuer is solely responsible for the content of this announcement.

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   Tinkoff Controlling Shareholder Intends to Invest up to USD 30M in GDRs

   Moscow, Russia - 10 July 2017. TCS Group Holding PLC (TCS LI) (the
   "Group"), Russia's leading provider of online retail financial services,
   has been notified that the Group's controlling shareholder, Oleg Tinkov,
   intends to increase his beneficial interest in the Group.

   He plans to purchase up to USD 30M worth of GDRs.

   These actions highlight the controlling shareholder's confidence in the
   Group's continued strong performance following the record high IFRS net
   income it achieved in 2016 and robust growth of the Group's new businesses
   launched as part of  1 Tinkoff.ru financial supermarket.

   Oleg Tinkov said: "We are enjoying rapid growth in both the credit card
   segment and new businesses. With a return on equity of over 43%, we are
   one of the most profitable banks in Russia and globally. The new
   non-credit business lines that have been launched over the last three
   years, including the SME services, a mortgage platform, current accounts
   and investment services, are going to hit the break-even point in 2017. I
   am confident about the Company's further growth and believe that it is
   just the right time to increase my stake in it."

   The Group will inform the market on the results of the purchases in due
   course.

   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)
    2 d.ermolina@tinkoff.ru       3 ir@tinkoff.ru

    

   About the Group

   TCS Group Holding PLC is an innovative provider of online retail financial
   services operating in Russia through a high-tech branchless platform. The
   Group has also developed a "smart courier" network covering almost all
   cities and towns in Russia which allows next day delivery to many
   customers.

   Tinkoff Bank's 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).

   Tinkoff is transitioning to become an online financial marketplace,
   Tinkoff.ru, which offers an entire range of both own brand and partner
   retail financial services via mobile and desktop.

   As at 1 May 2017, the bank was the second largest player in the Russian
   credit card market, with a market share of 11%. The 1Q17 IFRS net income
   of the parent company, TCS Group Holding PLC, which includes Tinkoff Bank
   and the insurance company Tinkoff Insurance, amounted to RUB 3.4 bn, ROE
   stood at 43%.

   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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   The EquityStory.RS, LLC Distribution Services include Regulatory
   Announcements, Financial/Corporate News and Press Releases.
   Archive at www.dgap.de/ukreg

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   Language:      English
   Company:       TCS Group Holding PLC
                  2nd Floor, Sotiri Tofini 4, Agios Athanasios
                  4102 Limassol
                  Cyprus
   Phone:         +7 495 648-10-00
   Fax:           +7 495 645-59-09
   E-mail:        media@tinkoff.ru
   Internet:      https://www.tinkoff.ru
   ISIN:          US87238U2033
   Listed:        Foreign Exchange(s) London, Moscow
   Category Code: POS
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  4392


    
   End of Announcement EquityStory.RS, LLC News Service


   591031  10-Jul-2017 

    4 fncls.ssp?fn=show_t_gif&application_id=591031&application_name=news&site_id=reuters8

References

   Visible links
   1. http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=7d58ff4edcb4f71e73c3a32510917eee&application_id=591031&site_id=reuters8&application_name=news
   2. mailto:d.ermolina@tinkoff.ru
   3. mailto:ir@tcsbank.ru


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