TCS Group Holding PLC, Russia's leading provider of online retail financial and lifestyle services via its Tinkoff.ru financial ecosystem, announces that it has been advised by The Rigi Trust («Rigi Trust»), a British Virgin Islands trust connected with Mr. Oleg Tinkov and the Tinkov family (the «Selling Shareholder»), that it has sold 10,655,737 Global Depositary Receipts representing interests in Class A Shares of the Company («GDRs»), representing approximately 5.3 per cent of the issued share capital of the Company.
The GDRs were placed at a price of USD 30.50 per GDR, via an accelerated bookbuild secondary placing (the «Placing»).
Following the Placing, the Selling Shareholder continues to own approximately 35.1 per cent of the issued share capital of the Company, whilst free float represents 58.4 per cent.
Under the terms of the Placing, the Selling Shareholder (through Rigi Trust and other entities) has agreed not to dispose of further shares or GDRs representing interests in Class A Shares of the Company for a period of 180 days.
The Company will not receive any proceeds from the Placing.