OJSC LSR Group (LSE: LSRG; MICEX-RTS: LSRG) announces meeting of the Board of Directors on May 05, 2012.
1. Approval of transactions in accordance with the Charter of OJSC LSR Group.
Note 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. Nowadays LSR Group is one of the largest real estate development and building materials producing companies in Russia. 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 and the Leningrad region, Moscow and the Moscow region, Yekaterinburg and the Urals. As of 31 December 2011 (according to Cushman & Wakefield), the net sellable area of the projects in LSR Groupís real estate portfolio is equal to 8.4m m2 with the market value of RUB 124.4bn.
In 2011, the sales revenues of LSR Group were RUB 51,910m (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on OJSC MICEX-RTS.
For more details please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72