October 23, 2019 / 2:31 PM / 22 days ago

BRIEF-Russian lender TCS says GDRs admitted to trading on Moscow Exchange

Oct 23 (Reuters) - Russian consumer lender TCS Group Holding PLC says:

* The Moscow Exchange has approved the listing of the company’s Global Depositary Receipts and the inclusion of these securities in the Level 1 List.

* This listing is a secondary listing of the company’s GDRs which have already been trading on the London Stock Exchange.

* Neither TCS Group Holding PLC, nor its existing shareholders sell the company’s GDRs in connection with their listing on Moscow Exchange.

* The listing on the Moscow Exchange will expand the company’s investor base to include Russian investors who are not present in London and will support liquidity.

* Trading of Tinkoff GDRs (ticker: TCSG) on the Moscow Exchange is expected to commence on Oct. 28, 2019. Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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