Company Announcements

TCS Group Holding PLC Announces Results of 2019 AGM

Source: EQS
<html xmlns="http://www.w3.org/1999/xhtml"><body><table border="0" cellpadding="0" cellspacing="0"><tr><td> <p><org>TCS Group Holding PLC</org> (TCS)<br/> TCS Group Holding PLC Announces Results of 2019 AGM <br/><br/><span><chron>16-Aug-2019</chron> / <chron>14:31 MSK</chron></span><br/> Dissemination of a Regulatory Announcement, transmitted by EQS Group.<br/> The issuer is solely responsible for the content of this announcement.<br/><br/></p> <hr/><div><div> <p style="margin-top:0pt; margin-bottom:0pt; font-size:24pt"><span style="font-family:Arial; font-weight:bold">TCS Group Holding PLC Announces Results of 2019 AGM</span></p> <p style="margin-top: 14pt; margin-bottom: 14pt; font-size: 12pt;"><span style="font-family:Arial; font-weight:bold">Limassol, <location value="LC/cy" idsrc="xmltag.org" >Cyprus</location></span><span style="font-family:Arial; font-weight:bold"> </span><span style="font-family:Arial; font-weight:bold">-</span><span style="font-family:Arial; font-weight:bold"> </span><span style="font-family:Arial; font-weight:bold"><chron>16 August 2019</chron>.</span><span style="font-family:Arial; font-weight:bold">&#160;</span><span style="font-family:Arial"><org>TCS Group Holding PLC</org> (</span><span style="font-family:Arial; font-weight:bold">TCS LI</span><span style="font-family:Arial">) (the &quot;Company&quot;),</span><span style="font-family:Arial">&#160;</span><span style="font-family:Arial"><location value="LC/ru" idsrc="xmltag.org" >Russia&apos;s</location> leading provider of</span><span style="font-family:Arial">&#160;</span><span style="font-family:Arial">online retail financial and lifestyle services </span><span style="font-family:Arial">via its Tinkoff financial</span><span style="font-family:Arial">&#160;</span><span style="font-family:Arial">ecosystem</span><span style="font-family:Arial">,</span><span style="font-family:Arial">&#160;</span><span style="font-family:Arial">announces the results of its Annual General Meeting of shareholders (AGM) held earlier today.</span></p> <p style="margin-top: 6pt; margin-bottom: 6pt; font-size: 12pt;"><span style="font-family:Arial">The AGM was held at the registered office of the Company in Limassol, <location value="LC/cy" idsrc="xmltag.org" >Cyprus</location> and had a quorum of 865,170,410 votes present, corresponding to</span><span style="font-family:Arial">&#160;</span><span style="font-family:Arial">94.0982% in number of the votes carried or conferred by the shares giving a right to be present and vote at the meeting. The AGM was chaired by </span><span style="font-family:Arial">Mr</span><span style="font-family:Arial"> </span><span style="font-family:Arial">Constantinos</span><span style="font-family:Arial"> Economides, Chairman of the Board of Directors.</span></p> <p style="margin-top: 6pt; margin-bottom: 6pt; font-size: 12pt;"><span style="font-family:Arial">&#160;</span></p> <p style="margin-top: 6pt; margin-bottom: 6pt; font-size: 12pt;"><span style="font-family:Arial">The AGM duly passed all resolutions, in particular:</span></p> <p style="margin-top: 6pt; margin-bottom: 6pt; font-size: 12pt;"><span style="font-family:Arial">-Re-appointment of <org value="ACORN:2197352071" idsrc="xmltag.org" >PricewaterhouseCoopers Limited</org> as auditor of the Company.</span></p> <p style="margin-top: 6pt; margin-left: 28.35pt; margin-bottom: 6pt; text-indent: -28.35pt; font-size: 12pt;"><span style="font-family:Arial">-Re-election of Mr. <person>Martin Cocker</person> to the Board of Directors.</span></p> <p style="margin-top: 6pt; margin-left: 28.35pt; margin-bottom: 6pt; text-indent: -28.35pt; font-size: 12pt;"><span style="font-family:Arial">-The Board of Directors was </span><span style="font-family:Arial">authorised</span><span style="font-family:Arial"> to determine the remuneration of the auditor.</span></p> <p style="margin-top: 6pt; margin-bottom: 6pt; font-size: 12pt;"><span style="font-family:Arial">-The Board of Directors was granted authority to buy back class A shares or interests in class A shares including global depositary receipts, up to the maximum (10% of subscribed capital) permitted by <location value="LC/cy" idsrc="xmltag.org" >Cyprus</location> law.</span></p> <p style="margin-top: 6pt; margin-bottom: 6pt; font-size: 12pt;"><span style="font-family:Arial">&#160;</span></p> <p style="margin-top: 6pt; margin-bottom: 6pt; font-size: 12pt;"><span style="font-family:Arial">The Meeting also received and accepted the Company&apos;s Annual Report for 2018.</span></p> <p style="margin-top: 6pt; margin-bottom: 6pt; font-size: 12pt;"><span style="font-family:Arial">Mr</span><span style="font-family:Arial"> Philippe </span><span style="font-family:Arial">Delpal</span><span style="font-family:Arial"> retired as a Director of the Company with effect from the conclusion of the AGM.</span></p> <p style="margin-top: 6pt; margin-bottom: 6pt; font-size: 12pt;"><span style="font-family:Arial">The Chairman of the <org>Audit Committee</org> and <org>Remuneration Committee</org> of the Board of Directors remain respectively Mr. <person>Martin Cocker</person> and </span><span style="font-family:Arial">Mr</span><span style="font-family:Arial"> Jacques </span><span style="font-family:Arial">Der</span><span style="font-family:Arial"> </span><span style="font-family:Arial">Megreditchian</span><span style="font-family:Arial">.</span></p> <p style="margin-top: 6pt; margin-bottom: 6pt; font-size: 12pt;"><span style="font-family:Arial">The Minutes of the 2019 AGM will be available for viewing at the registered office of the Company and available on the National Storage Mechanism of the <org>UK Listing Authority</org>, located at</span><span style="font-family:Arial">&#160;</span><a href="https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&amp;url=58c92b4a622801eed10dbccfbff51f2c&amp;application_id=858909&amp;site_id=acquiremedia_html&amp;application_name=news" style="text-decoration:none"><span style="font-family:Arial; text-decoration:underline; color:#0000ff">www.morningstar.co.uk/uk/nsm</span></a><span style="font-family:Arial">.</span></p> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse"><tbody><tr><td colspan="2" style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"> <p style="margin-top:6pt; margin-bottom:12pt; text-align:justify; font-size:12pt"><span style="font-family:Arial; font-weight:bold">For enquiries</span><span style="font-family:Arial; font-weight:bold">:</span></p> </td> </tr><tr><td style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial">Tinkoff </span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial; font-weight:bold">Darya </span><span style="font-family:Arial; font-weight:bold">Ermolina</span><br/><span style="font-family:Arial">Head of</span><span style="font-family:Arial"> </span><span style="font-family:Arial">PR</span><span style="font-family:Arial"> </span></p> <p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><span style="font-family:Arial">+ 7 495 648</span><span style="font-family:Arial">-</span><span style="font-family:Arial">10-00 (</span><span style="font-family:Arial">ext</span><span style="font-family:Arial">. 2009)</span></p> <p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><a href="mailto:d.ermolina@tinkoff.ru,%20PR@tcsgh.com.cy" style="text-decoration:none"><span style="font-family:Arial; text-decoration:underline; color:#0000ff">d.ermolina@tinkoff.ru</span><span style="font-family:Arial; text-decoration:underline; color:#0000ff">,</span><span style="font-family:Calibri; text-decoration:underline; color:#0000ff"> </span><span style="font-family:Arial; text-decoration:underline; color:#0000ff"><a href="mailto:PR@tcsgh.com.cy">PR@tcsgh.com.cy</a></span></a></p> <p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt">&#160;</p> </td> <td style="padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial">Tinkoff </span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial; font-weight:bold">Larisa </span><span style="font-family:Arial; font-weight:bold">Chernysheva</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial">IR Department</span></p> <p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><span style="font-family:Arial">+ 7 495 648</span><span style="font-family:Arial">-</span><span style="font-family:Arial">10-00 (</span><span style="font-family:Arial">ext</span><span style="font-family:Arial">. 2312)</span></p> <p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><a href="mailto:ir@tcsbank.ru" style="text-decoration:none"><span style="font-family:Arial; text-decoration:underline; color:#0000ff">ir@tinkoff.ru</span></a><span style="font-family:Arial; text-decoration:underline; color:#0000ff">, </span><span style="font-family:Arial; text-decoration:underline; color:#0000ff"><a href="mailto:IR@tcsgh.com.cy">IR@tcsgh.com.cy</a></span></p> <p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><span style="font-family:Arial">&#160;</span></p> </td> </tr></tbody></table><p style="margin-top:12pt; margin-bottom:12pt; font-size:12pt"><span style="font-family:Arial; font-weight:bold">About</span><span style="font-family:Arial; font-weight:bold"> </span><span style="font-family:Arial; font-weight:bold">the</span><span style="font-family:Arial; font-weight:bold"> </span><span style="font-family:Arial; font-weight:bold">Group</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial"><org>TCS Group Holding PLC</org> is an innovative provider of online retail financial services. It includes <org>Tinkoff Bank</org>, mobile virtual network operator Tinkoff Mobile, <org>Tinkoff Insurance</org>, 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.</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial">&#160;</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial">The Group was founded in 2006 by Russian entrepreneur Oleg </span><span style="font-family:Arial">Tinkov</span><span style="font-family:Arial"> and has been listed on the <org>London Stock Exchange</org> since <chron>October 2013</chron>.</span><span style="font-family:Arial"> </span><span style="font-family:Arial">The Group&apos;s key business is <org>Tinkoff Bank</org>, the country&apos;s first and only direct bank and the core of the Tinkoff.ru ecosystem.</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial">&#160;</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial"><org>Tinkoff Bank</org> is the second largest player in the Russian credit card market, with a share of 12.4%. The Q1 2019 IFRS net income of <org>TCS Group Holding PLC</org> amounted to <money>RUB 7.2 bn</money>. ROE - 64.4%.</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial">&#160;</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial">With no branches, the Group serves all its customers remotely via online channels and a cloud-based call </span><span style="font-family:Arial">centre</span><span style="font-family:Arial"> staffed by over 10,000 employees, which makes it one of the largest in <location value="LR/eur" idsrc="xmltag.org" >Europe</location>. To ensure smooth delivery of the Group&apos;s products, the Group has a nationwide network of over 2,500 representatives.</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial">&#160;</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:Arial">In 2018 Global Finance named <org>Tinkoff Bank</org> the world&apos;s Best Consumer Digital Bank, in 2018, 2016 and 2015, the Best Consumer Digital Bank in <location value="LC/ru" idsrc="xmltag.org" >Russia</location>, and in 2017 and 2013 The Banker </span><span style="font-family:Arial">recognised</span><span style="font-family:Arial"> it as the Bank of the Year in <location value="LC/ru" idsrc="xmltag.org" >Russia</location>. The bank&apos;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).</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><span style="font-family:'Times New Roman'">&#160;</span></p> <p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><span style="font-family:Arial; font-weight:bold">Forward-looking statements</span></p> <p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:11pt"><span style="font-family:Arial">&#160;</span></p> <p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><span style="font-family:Arial; font-style:italic">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 <org>Tinkoff Bank</org>. You can identify forward looking statements by terms such as &quot;expect&quot;, &quot;believe&quot;, &quot;anticipate&quot;, &quot;estimate&quot;, &quot;intend&quot;, &quot;will&quot;, &quot;could,&quot; &quot;may&quot; or &quot;might&quot;, the negative of such terms or other similar expressions. The Group and <org>Tinkoff Bank</org> wish to caution you that these statements are only predictions and that actual events or results may differ materially. The Group and <org>Tinkoff Bank</org> 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 <org>Tinkoff Bank</org>, including, among others, general economic conditions, the competitive environment, risks associated with operating in <location value="LC/ru" idsrc="xmltag.org" >Russia</location>, rapid technological and market change in the industries the Group operates in, as well as many other risks specifically related to the Group, <org>Tinkoff Bank</org> and their respective operations.</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; "><span style="font-family:Arial">&#160;</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; "><span style="font-family:Verdana">&#160;</span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:11pt"><span style="font-family:Arial">&#160;</span></p> </div> </div> <br/><hr/></td> </tr></table><table><tr><td align="left" valign="top" nowrap="nowrap"/> <td align="left" valign="top"/> </tr><tr><td align="left" valign="top" nowrap="nowrap">ISIN:</td> <td align="left" valign="top">US87238U2033</td> </tr><tr><td align="left" valign="top" nowrap="nowrap">Category Code:</td> <td align="left" valign="top">RAG</td> </tr><tr><td align="left" valign="top" nowrap="nowrap">LSE Ticker:</td> <td align="left" valign="top">TCS</td> </tr><tr><td align="left" valign="top" nowrap="nowrap">LEI Code:</td> <td align="left" valign="top">549300XQRN9MR54V1W18</td> </tr><tr><td align="left" valign="top" nowrap="nowrap">Sequence No.:</td> <td align="left" valign="top">17033</td> </tr><tr><td align="left" valign="top" nowrap="nowrap">EQS News ID:</td> <td align="left" valign="top">858909</td> </tr></table><br/><table border="0" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" colspan="2"/> </tr></table><table border="0"><tr><td align="left" valign="top" colspan="2">&#160;</td> </tr><tr><td align="left" valign="top">End of Announcement</td> <td align="left" valign="top"><org>EQS News Service</org></td> </tr></table><table border="0" width="600" cellpadding="0" cellspacing="0"><tr><td> <hr/></td> </tr></table><p> </p> <img src="https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=show_t_gif&amp;application_id=858909&amp;application_name=news&amp;site_id=acquiremedia_html" alt="fncls.ssp?fn=show_t_gif&amp;application_id=858909&amp;application_name=news&amp;site_id=acquiremedia_html" width="0" height="0" border="0"/></body></html>
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