On June, 6, 2013 Board of Directors of OJSC LSR Group (LSE: LSRG; MICEX-RTS: LSRG) reviewed items of the agenda and decided the following:
1. Re-elect Aleksandr Vakhmistrov Chief Executive Officer of OJSC LSR Group until July, 1, 2016.
2. Approve revised Regulation on the Internal Audit Service of OJSC LSR Group.
Notes to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of 31 December 2012 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Groupís real estate portfolio is equal to 8.7m m2 with the market value of RUB 120bn. In 2012, the sales revenue of LSR Group amounted to RUB 61,122m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.
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