MICEX increased Quotation Level of LSR Group Securities
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21 October 2009
On 20 October 2009 LSR Group (LSE: LSRG; MICEX, RTS: LSRG) received a notification from CJSC MICEX Stock Exchange that the Executive Board has decided to include LSR Group ordinary shares in the Quotation list “A” of the 2nd level. Furthermore, LSR Group received notification that LSR Group Series 02 bonds were included in the Quotation list “A” of the 1st level.
One of the reasons to include LSR Group securities in the Quotation lists of a higher level was a sustainable liquidity growth which they have been demonstrating for the last 6 months.
LSR Group ordinary shares and bonds were previously included in the MICEX Quotation list “B”. LSR Group's Series 02 bond issue of RUR 5 billion was placed in August 2008.
Note to Editors:
OJSC LSR Group is a real estate and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, construction and real estate. The Group includes enterprises for extraction and processing of aggregates, production and transportation of building materials, and housing construction — from mass market large-panel housing to elite property built after designs made by leading domestic and foreign architects.
LSR Group has operations and offices in a number of cities in the Leningrad region, in St. Petersburg, Moscow, Yekaterinburg, Lithuania, Latvia, Estonia, Ukraine and Germany.
In 2007, the sales revenues of LSR Group (according to the IFRS) were RUR 35,858m, in 2008 – RUR 49,813m.
LSR Group is a public company, with its GDRs listed and traded on the London Stock Exchange and its shares listed and traded on MICEX and RTS.
In 2007, LSR Group was awarded ‘The Company of the Year’ National Award in the ‘Construction’ category.
For more details please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
E-mail: press@lsrgroup.ru
www.lsrgroup.ru