REG-TCS Group Holding PLC Transactions in own GDRs: TCS Group Ups Buyback of GDRs for its MLTIP

TCS HoldingAnnouncement

29/10/2018 16:20

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   TCS Group Holding PLC (TCS)
   Transactions in own GDRs: TCS Group Ups Buyback of GDRs for its MLTIP

   29-Oct-2018 / 19:18 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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   Transactions in own GDRs: TCS Group Ups Buyback of GDRs for its MLTIP

   Limassol, Cyprus - 29 October 2018. TCS Group Holding PLC (TCS LI) (the
   "Group"), Russia's leading provider of online retail financial and
   lifestyle services via its Tinkoff.ru financial supermarket, today
   publishes an update on transactions in its GDRs, for its long-term
   management incentive and retention plan (MLTIP).

    

   Ahead of the projected expansion of MLTIP in 2019 and beyond, the Group
   continues to follow its long-standing practice of pre-funding MLTIP
   through buybacks making additional purchases opportunistically as and when
   the Group sees opportunities based on the market price of its GDRs.

    

   In addition to 250,000 GDRs purchased in August/September 2018 within the
   price range of USD17.88 to USD16.75; 27,200 GDRs purchased at a gross
   price per GDR of USD16.90 last week all as previously announced, the Group
   has bought back a further 200,000 GDRs at a gross price per GDR of
   USD16.13. This marks the end of this phase of the recent programme of
   buybacks in August to October 2018, at 477,200 GDRs in total, at an
   average gross price of USD16.86 per GDR.

    

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

   About the Group

   TCS Group Holding PLC is an innovative provider of online retail financial
   services. It includes Tinkoff Bank, mobile virtual operator network
   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
   11.7%. The 1H 2018 IFRS net income of TCS Group Holding PLC amounted to
   RUB 11.7 bn, ROE stood at 69.3%.

    

   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 2013 and 2017, The Banker named Tinkoff Bank the Bank of the Year in
   Russia, and in 2016 and 2018, Global Finance recognised it as the Best
   Consumer Digital Bank 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: POS
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  6361
   EQS News ID:   739081


    
   End of Announcement EQS News Service

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References

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


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