OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) announces meeting of the Board of Directors on March 26, 2013 with the following agenda:
1. Review of LSR Group 2012 financial report.
2. Review of KPMG management letter.
3. Approval of the key performance indicators set by the management incentive program of LSR Group for 2012.
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 Groupĺs real estate portfolio is equal to 8.4m m2 with the market value of RUB 124bn.
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 MICEX-RTS.
For more details please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72