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.
TCS Group Holding PLC is an innovative provider of online retail financial services operating in Russia through a
Tinkoff Bank’s product range includes credit, debit and prepaid cards, deposits,
As per its
As at 1 September 2016, the bank was the second largest player in the Russian credit card market, with a market share of 9.7%. The Group’s 1H 2016 IFRS net income amounted to RUB 4.4 bn.
In October 2016 Tinkoff Bank was named the largest independent global direct bank by Frost & Sullivan. In 2015 and 2016, the Global Finance magazine named Tinkoff Bank as the Best Consumer Digital Bank in Russia. In 2016, the bank also won Global Finance’s Best Integrated Consumer Bank Site award and was named the Best Digital Bank in the CEE by Euromoney. The bank’s mobile application was recognised as the best in Russia by Markswebb Rank & Report for three consecutive years in 2014, 2015 and 2016, and by Deloitte for four consecutive years from 2013 to 2016.