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LSR Group

April 5, 2013

LSR Group holds its Annual General Meeting of Shareholders

Today, on April, 5, 2013 Annual General Meeting of Shareholders (hereinafter – the “AGM”) of OJSC LSR Group (LSE: LSRG; MICEX-RTS: LSRG) (hereinafter – “LSR Group” or the “Company”) was held. 

The AGM approved the Annual report of OJSC LSR Group for 2012, prepared in accordance with FFMS requirements and annual financial statements 2012 (RAS) including income statements (profit and loss accounts). The Shareholders Meeting also elected the Board of Directors, consisting of 9 members (including 4 independent non-executive directors):
1. Kirill Androsov
2. Ilgiz Valitov
3. Dmitri Goncharov
4. Andrey Molchanov
5. Mikhail Romanov
6. Sergey Skaterschikov
7. Mark Temkin
8. Elena Tumanova
9. Olga Sheikina
The AGM decided to pay out dividends based on the results of 2012 financial year amounting to RUB 20.00 per ordinary share. Thus, the total amount of dividends is RUB 2,060,604,300 to be paid up to June, 3, 2013 by postal transfer or settlement account transfer.
The AGM approved CJSC KPMG as auditor of the Company’s IFRS-based consolidated financial statements for 2013, and CJSC Audit-Servis as auditor of financial statements based on the Russian Accounting Standards.
The Shareholders also approved revised Regulations on the Board of Directors as well as several transactions.
The newly-elected Board of Directors of LSR Group appointed new Chairman of the Board - Andrey Molchanov, and also elected the members of the Board committees as follows:
Audit Committee:
- Sergey Skaterschikov - Chairman.
- Kirill Androsov
- Mark Temkin
Human Resources and Compensations Committee:
- Kirill Androsov - Chairman.
- Sergey Skaterschikov
- Mark Temkin
Strategy and Investments Committee:
- Andrey Molchanov - Chairman.
- Sergey Skaterschikov
- Mark Temkin
- Elena Tumanova
In addition, the Board of Directors elected the following members of the Executive Committee of LSR Group:
1. Alexandr Vakhmistrov, Chief Executive Officer, Chairman of the Executive Committee
2. Elena Tumanova, Chief Operating Officer, Deputy Chairman of the Executive Committee
3. Dmitry Kutuzov, Chief Financial Officer
4. Vladimir Loginov, Deputy CEO, Business development
5. Yuri Ilyin, Director of Investor Relations and Corporate Communications
6. Galina Volchetskaya, Deputy Chief Operating Officer
7. Ivan Romanov, Managing Director
8. Kliment Falaleev, Director of regional development. Urals Federal District
9. Vladimir Chernyaev, Managing Director of Construction - North-West Business Unit
10. Dmitry Khodkevich, Managing Director of Real Estate - North-West Business Unit
11. Vasily Kostritsa, Managing Director of Aggregates & Ready-mix Concrete - North-West Business Unit
12. Sergey Begoulev, Managing Director of Cement - North-West Business Unit
13. Lev Vinnik, Head of Project Management Business Unit

Statement of a material fact “On holding general meeting of participants (shareholders) of the issuer and its decisions” will be available at:
http://www.lsrgroup.ru/en/investor-relations/corporate-governance/corporate-documents

Notes 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 2012 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Group’s real estate portfolio is equal to 8.7m m2 with the market value of RUB 120bn. In 2012, the sales revenue of LSR Group amounted to RUB 61,122m (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 information please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72
E-mail: press@lsrgroup.ru
www.lsrgroup.ru

 

 

 

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