Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  TCS Group Holding PLC    TCS

TCS GROUP HOLDING PLC

(TCS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

TCS : announces governance enhancements and changes to the composition of its governing bodies

03/25/2021 | 08:18am EDT

TCS Group Holding PLC (TCS)
TCS Group announces governance enhancements and changes to the composition of its governing bodies

25-March-2021 / 16:17 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


TCS Group announces governance enhancements and changes to the composition of its governing bodies 

 

Limassol, Cyprus - 25 March 2021. TCS Group Holding PLC (LI: TCS, MOEX: TCSG) ("Company"), Russia's leading provider of online financial and lifestyle services via its Tinkoff ecosystem, announces new governance enhancements and changes to the composition of its governing bodies.  

 

-            Oliver Hughes appointed Executive Director on the newly expanded TCS Group Board of Directors to lead key governance and growth strategic initiatives. Oliver will continue in his long-standing role as CEO of TCS Group, managing the business and Group operations.

 

-            Stanislav Bliznyuk appointed Chairman of the Tinkoff Bank Management Board. This appointment has received all the necessary regulatory approvals. Stanislav has been with the Company since 2006, having served in leadership positions such as Head of Business Technology and Innovation, COO and Head of Business Development. In addition to his new responsibilities as Chairman of the Tinkoff Bank Management Board, he will retain his role as Head of Business Development. 

 

-            George Chesakov appointed Chairman of Tinkoff Bank Board of Directors, taking over from Stanislav Bliznyuk. George will remain CEO of Tinkoff Mobile.

 

The changes detailed above underscore the Group's commitment to developing and promoting its outstanding talent, deepening the management bench and continuing to strengthen the Group's corporate governance, as it maintains its trajectory of fast and profitable growth.

 

Stanislav Bliznyuk, Chairman of the Tinkoff Bank Management Board, commented:

 

"It is great to have the opportunity to bring the rich experience I have gained in a variety of leadership roles at Tinkoff to my new position as Chairman of the Tinkoff Bank Management Board. I am delighted to be part of the leadership team of one of the world's most exciting fintech stories. I look forward to creating even more value for our customers and shareholders as we accelerate towards our goal of 20m customers."

 

Oliver Hughes, CEO of TCS Group, commented:

 

"These changes will enable me to devote more time to the development of corporate governance, as well as to focus on the ambitious strategic targets we have set out to achieve. I see my appointment as an Executive Director on the TCS Group Board of Directors as a great opportunity to facilitate further communication and cooperation between the soon to be expanded TCS Group Board of Directors and our management team. I am confident this will benefit the entire Tinkoff ecosystem, which continues to innovate, grow and expand at high speed. These changes are also important in providing opportunities for development and growth for other members of our outstanding team. We have a talent pool to be proud of."

 

These appointments were approved by the Group's governing bodies on 25 March 2021. Stanislav Bliznyuk's candidacy has been approved by the Central Bank of the Russian Federation. All appointments will be effective from 25 March 2021. Oliver Hughes was appointed to the TCS Group Board of Directors, effective today, as an executive director. There are no other matters requiring disclosure under UK Listing Rule 9.6.13.

 

The composition of the three governing bodies of TCS Group are reported below.

 

TCS Group Holding Board of Directors:

Oliver Hughes 

Constantinos Economides 

Alexios Ioannides

Mary Trimithiotou

Martin Robert Cocker

Jacques Der Megreditchian

 

Tinkoff Bank Board of Directors:

George Chesakov

Stanislav Bliznyuk

Sergei Pirogov

Vadim Stasovsky

Svetlana Ustilovskaya

 

Tinkoff Bank Management Board:

Stanislav Bliznyuk

Ilya Pisemsky

Evgeny Ivashkevich

Valeria Pavlyukova

Viacheslav Tsyganov

Natalia Izyumova

Anatoly Makeshin

 

For enquiries:

 

Artem Lebedev
PR Department

+ 7 495 648-10-00 (ext. 2202)

Alexandr Leonov

+ 7 495 648-10-00 (ext. 35738)

pr@tinkoff.ru

 

 

Larisa Chernysheva
IR Department

+ 7 495 648-10-00 (ext. 2312)

Neri Tollardo

+44 7741 078383

ir@tinkoff.ru

 

 

About Tinkoff 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 13 mn customers and forms the core of the Tinkoff ecosystem. Tinkoff is the 3d largest retail bank in Russia in terms of active client-base.

 

Tinkoff Bank is the second largest player in the Russian credit card market, with a share of 14.0%. The 4Q'20 IFRS net profit of TCS Group Holding PLC amounted to RUB 12.3 bn. The ROE was 40.5%.

 

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.

 

Global Finance named Tinkoff Bank the world's Best Consumer Digital Bank in 2020 and 2018, and the Best Consumer Digital Bank in Russia in 2020, 2019, 2018, 2016 and 2015. Tinkoff was also named the Best European Retail Bank of the Year by Retail Banker International in 2020. In 2021, the Banker recognised Tinkoff Bank as Russia's Best-Performing Bank. 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.: 96292
EQS News ID: 1178509

 
End of Announcement EQS News Service

fncls.ssp?fn=show_t_gif&application_id=1178509&application_name=news&site_id=zonebourse_sftp

© EQS 2021
All news about TCS GROUP HOLDING PLC
04/02Statement on Tinkoff Bank's RAS Financial Highlights for January - February 2..
DJ
03/25TCS Group announces governance enhancements and changes to the composition of..
DJ
03/25TCS  : announces governance enhancements and changes to the composition of its g..
EQ
03/11TCS Group Holding PLC reports record net profit -3-
DJ
03/11TCS Group Holding PLC reports record net profit -2-
DJ
03/11TCS  : reports record net profit in FY'20; announces dividend plans for FY'21 an..
EQ
03/10Russian c.bank blocks effort by private investors to coordinate on stocks via..
RE
02/26TCS  : to hold a Virtual Strategy Day
EQ
02/26TCS  : Statement on Tinkoff Bank's RAS Financial Highlights for January 2021
EQ
02/18TCS  : Tinkoff launches Tinkoff Checkout, a payment service for businesses
PU
More news
Financials (USD)
Sales 2021 1 710 M - -
Net income 2021 742 M - -
Net Debt 2021 - - -
P/E ratio 2021 15,6x
Yield 2021 0,28%
Capitalization 11 538 M 11 538 M -
Capi. / Sales 2021 6,75x
Capi. / Sales 2022 6,03x
Nbr of Employees 25 970
Free-Float 18,5%
Chart TCS GROUP HOLDING PLC
Duration : Period :
TCS Group Holding PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TCS GROUP HOLDING PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 51,80 $
Last Close Price 58,78 $
Spread / Highest target 22,5%
Spread / Average Target -11,9%
Spread / Lowest Target -49,0%
EPS Revisions
Managers and Directors
NameTitle
Constantinos Economides Chairman
Jacques der Megredichyan Independent Non-Executive Director
Martin Robert Cocker Independent Non-Executive Director
Alexios Ioannides Director
Maria Trimithiotou Director
Sector and Competitors