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LSR Group

April 28, 2010

LSR Group announces new price range for the follow-on offering

On 28 April 2010, LSR Group (“LSR” or the “Company”), (LSE: LSRG; MICEX, RTS: LSRG), announces a new price range for its global offering in the form of ordinary shares and Global Depositary Receipts (“GDRs”) representing ordinary shares (“Offering”).

The shares and GDRs will be offered within a new range US$8.5 – $9.5 per GDR, equivalent to US$42.5 - US$47.5 per ordinary share. Correspondingly, the Offering size is revised to up to $667mm, out of which up to $445mm will be reinvested in exercising pre-emptive rights to acquire new shares of the Company in the subsequent open subscription.  Five GDRs represent interest in one ordinary share.

 

 

 

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