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The total number of shares to be placed was 16,042,508 shares, with a par value of RUR 0.25.
The placing price was set by the Board of Directors of OJSC LSR Group on 30 April 2010 at US$ 45.92 per share, the price for pre-emptive right holders was US$ 41.33 per share, which is 10% lower than the placing price for others.
One application was received under the additional share placement (using the pre-emptive rights of existing shareholders), and, therefore, the total amount of shares that was actually placed was 9,366,383 shares.
Please note that placing of the additionally issued ordinary registered book-entry shares of OJSC LSR Group is aimed at reinvestment of the proceeds, received from the Secondary Public Offering, announced this spring by LSR Group, into the company.
Note 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, Yekaterinburg and Ukraine.
In 2009, the sales revenues of LSR Group were RUR 51,024 million (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX and RTS.
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