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Name Symbol Market Type
Pjsc Lsr S LSE:LSRG London Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.016 -1.15% 1.376 1.34 1.356 1.397 1.321 1.366 182,400 16:35:07

PJSC LSR Group: ???????LSR Group announces buyback programme

26/03/2020 3:05pm

UK Regulatory (RNS & others)


 
 PJSC LSR Group (LSRG) 
PJSC LSR Group: ???????LSR Group announces buyback programme 
 
26-March-2020 / 16:05 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. 
 
LSR Group announces buyback programme 
 
       St. Petersburg, Russia - 26 March 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, today announces that 
  its Board of Directors approved a buyback programme of LSR ordinary shares 
      and GDRs representing LSR ordinary shares in the amount of up to RUB 5 
   billion to be bought on the open market. Exact parameters and term of the 
       buyback programme will be decided by the Company's Board of Directors 
                    depending on market conditions. 
 
                    For more information please contact: 
 
            Investor Relations           Media Relations 
 
                               LSR Group Press Service 
                               E-mail: press@lsrgroup.ru 
 
                     Igor Tsoy 
 
Director of Investor Relations 
 
        E-mail: IR@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 [1] 
 
ISIN:           US50218G2066 
Category Code:  MSCM 
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.:   54968 
EQS News ID:    1008517 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f69150ed01d3088b34284c75345c9309&application_id=1008517&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

March 26, 2020 11:05 ET (15:05 GMT)

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