Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLSRG.L Regulatory News (LSRG)

  • There is currently no data for LSRG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

PJSC LSR Group: Results of Annual General Meeting and Decisions of the Board of Directors Meeting

28 Jun 2019 15:35

PJSC LSR Group (LSRG) PJSC LSR Group: Results of Annual General Meeting and Decisions of the Board of Directors Meeting 28-Jun-2019 / 16:35 CET/CEST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.


 

 

Results of Annual General Meeting and Decisions of the Board of Directors Meeting

 

St. Petersburg, Russia - 28 June 2019 - 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:

 

Approve the Company's 2018 Annual Report prepared in accordance with FFMS requirements and the Company's financial statements for 2018 (RAS);

 

Approve a dividend payment of RUB 8,036 million or RUB 78 per ordinary share for 2018. Shareholders registered at the record date of 10 July 2019 will be entitled to receive a dividend payment. The following dates were set for the dividend payments:for nominal holders and securities market participants - 24 July 2019; for other registered shareholders - 14 August 2019;

 

Elect 7 members to the Company's Board of Directors, including 4 independent directors: Dmitri Gontcharov Igor Levit Aleksey Makhnev, Independent Director Andrey Molchanov Andrey Nesterenko, Independent Director Vitaliy Podolsky, Independent Director Alexander Prysyazhnyuk, Independent Director

 

Elect the following members of the Company's Internal Audit Commission:Natalya Klevtsova Denis Sinyugin Ludmila Fradina

 

Appoint CJSC KPMG to audit the Company's financial statements according to IFRS and CJSC Audit-Servis to audit RAS financial statements for 2019.

 

At the meeting of the Board of Directors following the AGM, Andrey Molchanov, the Company's founder, was appointed as CEO and Chairman of the Executive Committee. Maxim Sokolov, who held these positions earlier, will serve as first Deputy CEO.

 

Dmitri Gontcharov, the newly elected Chairman of the Board of Directors of PJSC LSR Group, commented: "We are pleased that Andrey Molchanov has agreed to take on the role of the Company's CEO once more. LSR Group will benefit from the consolidation of our top management team during a complex period of transformation in the construction market. I would also like to welcome Igor Levit to our Board of Directors. Mr. Levit brings a substantial experience not only in the construction industry, but also in managing LSR Group, where he worked in various senior positions over the years. We remain committed to adopting best corporate governance practices at the Board level, as reflected by the independence of more than half the Board of Directors."

 

The following members were elected to the Board's committees:

 

Audit Committee:

Alexander Prysyazhnyuk, Chairman Vitaliy Podolsky Aleksey Makhnev

 

Human Resources and Compensations Committee:

Vitaliy Podolsky, Chairman Aleksey Makhnev Alexander Prysyazhnyuk

 

Strategy and Investments Committee:

Andrey Nesterenko, Chairman Dmitri Gontcharov Igor Levit

 

 

 

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 one of Russia's leading residential real estate developers and building materials producers. Founded in 1993, the business of LSR Group is concentrated in the three largest regions of Russia - Moscow, St. Petersburg and Yekaterinburg. The main business areas of the Company are real estate development and construction and production of building materials. LSR Group carries out projects in all segments of residential real estate market: mass market, business and elite.

 

In accordance with its audited IFRS consolidated financial statements for 2018, LSR Group had revenue of RUB146.4 billion, Adjusted EBITDA of RUB36.4 billion and Net Profit of RUB16.2 billion. As of 31 December 2018 (according to Knight Frank), the net sellable area of projects in LSR Group's real estate portfolio amounted to 7.8 million m2 with a market value of RUB186 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.:11784
EQS News ID:833131
 
End of AnnouncementEQS News Service

UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Date   Source Headline
2nd Aug 20218:01 amBUSStatement re. Suspension
2nd Aug 20218:00 amRNSRemoval PJSC LSR Group
30th Jul 202112:20 pmBUSTender Offer
29th Jul 202112:00 pmBUSLSR Group makes seventh coupon payment on its Series 001P-05 bonds
28th Jul 20214:22 pmBUSDirector/PDMR Shareholding
27th Jul 20214:37 pmBUSDirector/PDMR Shareholding
26th Jul 20215:30 pmRNSLSR Group (GDR)
21st Jul 20214:10 pmBUSLSR Group makes seventeenth coupon payment on its Series 001P-02 bonds
21st Jul 20217:00 amBUSResult of Tender Offer
2nd Jul 20211:00 pmBUSLSR Group makes seventh coupon payment on its Series 001P-04 bonds
29th Jun 20211:00 pmBUSLSR Group makes fifteenth coupon payment on its Series 001P-03 bonds
23rd Jun 202112:00 pmBUSLSR Group makes nineteenth coupon payment on its Series 001P-01 bonds
21st Jun 20217:00 amBUSLSR Group announces tender offer for global depositary receipts and intended cancellation of their listing on the London Stock Exchange
16th Jun 20214:36 pmBUSLSR Group: Announcement of the dividend distribution
1st Jun 20213:12 pmBUSLSR Group released its 2020 Sustainability Report
1st Jun 20213:11 pmBUSLSR Group makes first coupon payment on its Series 001P-06 bonds
20th May 20214:15 pmEQSPJSC LSR Group: Date and agenda of the Board of Directors meeting
29th Apr 20213:54 pmEQSPJSC LSR Group: Results of the Board of Directors Meeting
29th Apr 20212:00 pmEQSLSR Group makes sixth coupon payment on its Series 001P-05 bonds
29th Apr 20211:34 pmEQSPJSC LSR Group: Results of Annual General Meeting
23rd Apr 202111:40 amEQSLSR Group reports its operating results for the first quarter of 2021
21st Apr 20213:30 pmEQSLSR Group makes sixteenth coupon payment and redeems part of the nominal value on its Series 001P-02 bonds
15th Apr 20213:06 pmEQSPJSC LSR Group: Publication of the 2020 Annual Report
2nd Apr 202112:15 pmEQSLSR Group makes sixth coupon payment on its Series 001P-04 bonds
30th Mar 202112:00 pmEQSLSR Group makes fourteenth coupon payment on its Series 001P-03 bonds
26th Mar 20211:00 pmEQSPJSC LSR Group: Notice of Annual General Meeting of shareholders and Dividend Recommendation
26th Mar 20216:30 amEQSPJSC LSR Group: Date and agenda of the Board of Directors meeting
24th Mar 20219:30 amEQSLSR Group makes eighteenth coupon payment and redeems part of the nominal value on its Series 001P-01 bonds
22nd Mar 20214:00 pmEQSLSR Group announces financial results for the full year 2020
19th Mar 20211:51 pmEQSPJSC LSR Group: Date and agenda of the Board of Directors meeting
5th Mar 20216:30 amEQSResults of the Board of Directors meeting
2nd Mar 202112:15 pmEQSLSR Group Completes Placement of Bond Offering
26th Feb 20214:20 pmEQSLSR Group announces the Coupon Rate of 8.0% per annum for its exchange-traded Series 001P-06 bonds
26th Feb 20212:00 pmEQSPJSC LSR Group: LSR Group announces the Expiration of the Term for the Submission of the Offers for its exchange-traded Series 001P-06 bonds
25th Feb 20214:15 pmEQSLSR Group announces the Term for the Submission of the Offers for its exchange-trade Series 001P-06 bonds
20th Feb 20216:03 amEQSLSR Group announces the Inclusion of its Series 001P-06 Bonds into Level 1 of the List of Securities Admitted to Trading at Moscow Exchange
28th Jan 202111:00 amEQSLSR Group makes fifth coupon payment on its Series 001P-05 bonds
25th Jan 20219:00 amEQSLSR Group reports its operating results for the 4Q and FY 2020
20th Jan 202111:00 amEQSLSR Group makes fifteenth coupon payment on its Series 001P-02 bonds
11th Jan 20219:00 amEQSLSR Group makes fifth coupon payment on its Series 001P-04 bonds
29th Dec 20209:00 amEQSLSR Group makes thirteenth coupon payment on its Series 001P-03 bonds
23rd Dec 202012:00 pmEQSLSR Group makes seventeenth coupon payment on its Series 001P-01 bonds
17th Nov 20203:00 pmEQSPJSC LSR Group announces the dividend payment for the 1H2020
11th Nov 20201:30 pmEQSLSR Group announces the results of public irrevocable offer for its Series 001P-02 bonds
9th Nov 20201:30 pmEQSLSR Group announces pricing of public irrevocable offer for its Series 001P-02 bonds
30th Oct 20202:30 pmEQSLSR Group announces the results of the public irrevocable offer for its Series 001P-01 bonds
30th Oct 20202:30 pmEQSLSR Group announces the results of public irrevocable offer for its Series 001P-02 bonds
29th Oct 202011:00 amEQSLSR Group makes fourth coupon payment on its Series 001P-05 bonds
28th Oct 202012:20 pmEQSPJSC LSR Group: LSR Group announces pricing of public irrevocable offer for its Series 001P-02 bonds
28th Oct 202012:20 pmEQSLSR Group announces pricing of public irrevocable offer for its Series 001P-01 bonds

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.