TCS GROUP HOLDING PLC (FRA:US87238U) TCS Group Holding PLC: Conversion of Class B Shares
Transparency directive : regulatory news
|
TCS Group Holding PLC (TCS)
TCS Group Holding PLC: Conversion of Class B Shares
Moscow, Russia - 14 December 2020 TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of online retail financial services, today announces that 10,100,181 Class B Shares in the Group held by The Rigi Trust, a British Virgin Islands trust connected with Oleg Tinkov, were converted to Class A Shares with effect from 14 December 2020. As a result of the conversion, Oleg Tinkov's voting rights in the Group have decreased from 87.03% to 84.38%. Following the conversion, the total number of votes in issue is 828,531,879. For enquiries:
About the Group TCS Group Holding PLC is an innovative provider of online retail and SME financial services. It includes Tinkoff Bank, its mobile virtual network operator Tinkoff Mobile, Tinkoff Insurance, its asset 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 since October 2013. The Group's key business is Tinkoff Bank, a fully online bank that serves over 12 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 13.5%. The 3Q 2020 IFRS net income of TCS Group Holding PLC amounted to RUB 12.6 bn. The ROE was 45%. With no branches, the Group serves all its customers remotely via online channels and a cloud-based call centre. The centre is staffed by over 10,000 employees, making 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, and in 2020, 2019, 2018, 2016 and 2015, the Best Consumer Digital Bank in Russia. In 2017 and 2013, the Banker recognised Tinkoff Bank 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).
|
| ISIN: | US87238U2033 |
| Category Code: | MSCH |
| TIDM: | TCS |
| LEI Code: | 549300XQRN9MR54V1W18 |
| Sequence No.: | 89694 |
| EQS News ID: | 1155099 |
| End of Announcement | EQS News Service |
|
|