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PJSC LSR Group: ​​​​​​​LSR Group announces buyback programme

·2-min read

PJSC LSR Group (LSRG)
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:

 

 

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

 

 

 

 


Investor Relations

 

Igor Tsoy

Director of Investor Relations

E-mail: IR@lsrgroup.ru

 

            Media Relations


            LSR Group Press Service
            E-mail: press@lsrgroup.ru
 

Investor Relations

 

Igor Tsoy

Director of Investor Relations

E-mail: IR@lsrgroup.ru

 

            Media Relations


            LSR Group Press Service
            E-mail: press@lsrgroup.ru
 

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

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