On July 4, 2012 LSR Group (LSE: LSRG; MICEX-RTS: LSRG) paid dividends on ordinary shares of OJSC LSR Group for 2011.
The total amount of cash dividends paid was RUB 2,060,604,300. Dividend paid per ordinary share was RUB 20.00.
The decision to pay out dividends was adopted on April 5, 2012 by the Annual General Meeting of Shareholders in accordance with the Board of Directors' recommendation.
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. 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 2011 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 8.4m m2 with the market value of RUB 124bn.
In 2011, the sales revenue 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 MICEX-RTS.
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