Moscow, Russia — 2 February 2017.
TCS Group Holding PLC (TCS LI) (the «Group»), Russia’s leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, announces that its Board of Directors on 1 February 2017 approved the expansion of its
Awards to new joiners and an increase of awards to existing participants will represent in aggregate up to 1.5% of the current issued share capital of the Group which increases the total size of MLTIP pool to 5.6% of the Group’s current share capital.
The aim of the expansion, as the Group continues to grow the scale and scope of its operations, is to ensure that the interests of its broader management team are closely aligned with the interests of shareholders to grow the Group’s value.
The Board of Directors proposes to put on the agenda of the AGM scheduled for 29 May 2017 in Limassol resolutions connected with implementing the expansion of MLTIP.
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