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TCS Group Holding PLC (TCS)
Transactions in own GDRs: TCS Group Ups Buyback of GDRs
17-March-2020 / 09:31 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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Transactions in own GDRs: TCS Group Ups Buyback of GDRs
Limassol, Cyprus - 17 March 2020. TCS Group Holding PLC (LI: TCS, MOEX:
TCSG) ("Company"), Russia's leading provider of online financial and
lifestyle services via its Tinkoff ecosystem, today publishes an update on
transactions in its GDRs.
Following the 11 March 2020 Buyback Programme announcement, on 12-16 March
2020, the Group purchased a total of 650,000 GDRs at a gross average price
per GDR of USD13.99, while the purchase price for each of the three days
ranged as follows:
12 March - min $12.88; max $14.64 per GDR
13 March - min $13.78; max $14.76 per GDR
16 March - min $13.24; max $14.24 per GDR
This marks the end of the Buyback Programme announced on 11 March 2020.
The GDRs repurchased by the Company will be held in treasury pending
cancellation or other permitted use.
The Programme was conducted consistent with the general authority to
repurchase shares/GDRs granted by the Company's shareholders at the 2019
annual general meeting, and otherwise in accordance with applicable laws
and regulations.
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: POS
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 52793
EQS News ID: 999053
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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