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PJSC LSR GROUP PJSC LSR Group: Results of Annual General Meeting

Directive transparence : information réglementée

29/04/2020 12:45

PJSC LSR Group (LSRG)
PJSC LSR Group: Results of Annual General Meeting

29-Apr-2020 / 12:45 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.



Results of Annual General Meeting

 

St. Petersburg, Russia - 29 April 2020 - PJSC LSR Group ("LSR" or the "Company") (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, announces the results of its Annual General Meeting of Shareholders ("AGM") held today.

 

The AGM resolved to:

 

  1. Approve the Company's 2019 Annual Report prepared in accordance with the Central Bank of Russian Federation requirements.

 

  1. Approve the Company's financial statements for financial year 2019 prepared in accordance with RAS.

 

  1. Approve a dividend payment of RUB 3,091 million or RUB 30 per ordinary share for financial year 2019. Shareholders registered at the record date of 12 May 2020 will be entitled to receive a dividend payment. The following dates were set for the dividend payments:
  • for nominee shareholders and professional securities market participants - 26 May 2020;
  • for other registered shareholders - 17 June 2020.

 

  1. Elect 9 members to the Company's Board of Directors, including 4 independent directors:
  • Dmitri Gontcharov;
  • Igor Levit;
  • Aleksey Makhnev, Independent Director;
  • Andrey Molchanov;
  • Egor Molchanov;
  • Natalia Nikiforova, Independent Director;
  • Vitaliy Podolskiy, Independent Director;
  • Alexander Prysyazhnyuk, Independent Director;
  • Evgeny Yatsyshin.

 

  1. Elect the following members to the Company's Internal Audit Commission:
  • Natalya Klevtsova;
  • Denis Sinyugin;
  • Lyudmila Fradina.

 

  1. Appoint JSC KPMG to audit the Company's financial statements according to IFRS and LLC Audit-Service SPb to audit RAS financial statements for 2020.

 

For more information please contact:

 

Investor Relations

 

Igor Tsoy

Director of Investor Relations

E-mail: IR@lsrgroup.ru

 

              Media Relations


              LSR Group Press Service
              E-mail: press@lsrgroup.ru
 

About LSR Group:

PJSC 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 and real estate development and construction. LSR Group's main operations are located in St. Petersburg and Leningrad Region, Moscow and Moscow region and Yekaterinburg. As of 31 December 2019 (according to Knight Frank), the net sellable area of projects in LSR Group's real estate portfolio amounts to 7.6 million m2 with the market value of RUB 207 billion.

In accordance with its audited IFRS consolidated financial statements for 2019, LSR Group reported revenue of RUB110.4 billion, Adjusted EBITDA of RUB21.0 billion and Net Profit of RUB7.5 billion.

Ordinary shares of the Company are traded on the Moscow Exchange (MOEX: LSRG) and GDRs representing its ordinary shares are traded on the London Stock Exchange (LSE: LSRG).

www.lsrgroup.ru



ISIN: US50218G2066
Category Code: RAG
TIDM: LSRG
LEI Code: 25340067LEEMJ79K8X43
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 61226
EQS News ID: 1032955

 
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