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
  0.036 2.3% 1.604 1.604 1.61 1.692 1.577 1.586 64,616 16:35:21

PJSC LSR Group: Notice of Annual General Meeting of shareholders and Dividend Recommendation

26/03/2020 3:05pm

UK Regulatory (RNS & others)


 
 PJSC LSR Group (LSRG) 
PJSC LSR Group: Notice of Annual General Meeting of shareholders and 
Dividend Recommendation 
 
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. 
 
Notice of Annual General Meeting of shareholders and Dividend Recommendation 
 
       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 has resolved to convene an Annual General Meeting of 
  shareholders ("AGM") on 29 April 2020. The AGM will be held in the form of 
                    voting by correspondence. 
 
       Completed voting ballots are to be sent to Office 713, 36B Kazanskaya 
              Street, St. Petersburg 190031, Russian Federation or filled in 
   electronically on https://pos.vtbreg.ru/ [1]. Deadline for the receipt of 
  voting ballots is set for 29 April 2020. Shareholders registered as at the 
     record date of 7 April 2020 will be eligible to participate in the AGM. 
 
     Shareholders will be considered to have participated in the AGM held by 
    correspondence only if their voting ballots or electronic voting ballots 
completed online at https://pos.vtbreg.ru/ [1] have been received before the 
                    deadline for the receipt of voting ballots. 
 
     The agenda for the Annual General Meeting of shareholders comprises the 
                    following matters: 
 
                    1. Approval of the Company's 2019 Annual Report 
 
               2. Approval of the Company's 2019 Annual Financial Statements 
 
            3. Distribution of the Company's profit for the 2019 fiscal year 
 
         4. Determination of the number of members of the Company's Board of 
                    Directors 
 
              5. Election of the members to the Company's Board of Directors 
 
       6. Election of the members to the Company's Internal Audit Commission 
 
                    7. Approval of the Company's auditors for 2020. 
 
  The following candidates have been nominated for election to the Company's 
                 Board of Directors by Company shareholder Andrey Molchanov: 
 
  ? Dmitri Gontcharov 
 
  ? Igor Levit 
 
  ? Aleksey Makhnev, Independent Director 
 
  ? Natalia Nikiforova, Independent Director 
 
  ? Evgeny Yatsyshin 
 
  The following candidates have been nominated for election to the Company's 
 Board of Directors by a group of Company shareholders, The Prosperity Quest 
       Fund, The Russian Prosperity Fund and Prosperity Russia Domestic Fund 
                    Limited: 
 
  ? Vitaliy Podolskiy, Independent Director 
 
  ? Alexander Prysyazhnyuk, Independent Director 
 
  Board of Directors invokes its right provided in Clause 7 of Article 53 of 
       the Federal Law on Joint Stock Companies and, at its sole discretion, 
   nominates the following candidates for election to the Company's Board of 
                    Directors: 
 
  ? Andrey Molchanov 
 
  ? Egor Molchanov 
 
  Board of Directors invokes its right provided in Clause 7 of Article 53 of 
       the Federal Law on Joint Stock Companies and, at its sole discretion, 
   nominates the following candidates for election to the Company's Internal 
                    Audit Commission: 
 
  ? Natalya Klevtsova 
 
  ? Denis Sinyugin 
 
  ? Ludmila Fradina 
 
The Board of Directors of LSR Group decided to approve the appointment of 
Galina Volchetskaya as the Chairman of the Annual General Meeting of 
Shareholders of LSR Group and Irina Bogacheva as the Secretary of the Annual 
General Meeting of Shareholders of the Company. 
 
The Board of Directors of LSR Group also recommended the Annual General 
Meeting of Shareholders to approve a dividend payment of RUB 30.00 (thirty 
rubles) per ordinary share based on the results of 2019 financial year. 
Shareholders registered at the record date of 12 May 2020 will be entitled 
to receive a dividend payment. 
 
  Supporting materials related to the Annual General Meeting of shareholders 
  will be published on the Company's website www.lsrgroup.ru [2] on 27 March 
                    2020. 
 
                    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 [3] 
 
ISIN:           US50218G2066 
Category Code:  NOA 
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.:   54967 
EQS News ID:    1008545 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=ad025b769b1351cc096823046159cff6&application_id=1008545&site_id=vwd&application_name=news 
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=3960a4a038ecc8ec86dc699493cae6df&application_id=1008545&site_id=vwd&application_name=news 
3: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f69150ed01d3088b34284c75345c9309&application_id=1008545&site_id=vwd&application_name=news 
 

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

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