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TCS Group Holding PLC (TCS)
TCS Group Holding PLC: Tinkoff PDMRs acquire GDRs as part of the USD300
million offering
01-Jul-2019 / 11:10 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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Tinkoff PDMRs acquire GDRs as part of the USD300 million offering
Limassol, Cyprus - 1 July 2019. TCS Group Holding PLC (TCS LI) (the
"Group"), Russia's leading provider of online retail financial and
lifestyle services via its Tinkoff.ru financial ecosystem, has been
notified of transactions in its GDRs by the Group's PDMRs as part of the
USD300 million offering.
The following PDMRs acquired GDRs as part of the offering: Oleg Tinkov,
Chairman of the Board of Directors of Tinkoff Bank, Oliver Hughes, CEO of
Tinkoff Bank, Stanislav Bliznyuk, COO of Tinkoff Bank, Sergey Pirogov,
Head of Corporate Finance of Tinkoff Bank, Ilya Pisemsky, CFO of Tinkoff
Bank, George Chesakov, CEO of Tinkoff Mobile, and Viacheslav Tsyganov,
Chief Information Officer of Tinkoff Bank.
Details of the transactions are in the document attached.
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 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 12.4% as of 1 April 2019. The 1Q'19 IFRS net
income of TCS Group Holding PLC amounted to RUB 7.2 bn, ROE stands at
64.4%.
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).
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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Attachment
Document title: Details of the transactions
Document: 3 http://n.eqs.com/c/fncls.ssp?u=YKJKCLOPNU
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ISIN: US87238U2033
Category Code: POS
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 11871
EQS News ID: 833647
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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