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Results of Annual General Meeting and Decisions of the Board of Directors Meeting

28 June 2019

St. Petersburg, Russia – 28 June 2019 – PJSC LSR Group (“LSR” or the “Company”) (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, announces the results of its Annual General Meeting of Shareholders (“AGM”) held today.

The AGM resolved to:

1. Approve the Company's 2018 Annual Report prepared in accordance with FFMS requirements and the Company's financial statements for 2018 (RAS);

2. Approve a dividend payment of RUB 8,036 million or RUB 78 per ordinary share for 2018. Shareholders registered at the record date of 10 July 2019 will be entitled to receive a dividend payment. The following dates were set for the dividend payments:

  • for nominal holders and securities market participants – 24 July 2019;
  • for other registered shareholders – 14 August 2019;

3. Elect 7 members to the Company's Board of Directors, including 4 independent directors:

  • Dmitri Gontcharov
  • Igor Levit
  • Aleksey Makhnev, Independent Director
  • Andrey Molchanov
  • Andrey Nesterenko, Independent Director
  • Vitaliy Podolsky, Independent Director
  • Alexander Prysyazhnyuk, Independent Director

4. Elect the following members of the Company's Internal Audit Commission:

  • Natalya Klevtsova
  • Denis Sinyugin
  • Ludmila Fradina

5. Appoint CJSC KPMG to audit the Company's financial statements according to IFRS and CJSC Audit-Servis to audit RAS financial statements for 2019.

At the meeting of the Board of Directors following the AGM, Andrey Molchanov, the Company’s founder, was appointed as CEO and Chairman of the Executive Committee. Maxim Sokolov, who held these positions earlier, will serve as first Deputy CEO.

Dmitri Gontcharov, the newly elected Chairman of the Board of Directors of PJSC LSR Group, commented: “Having recently stepped down as President of the National Association of Builders (NOSTROY), Andrey Molchanov is once again able to dedicate sufficient time and energy to the operational management of LSR Group, and we should definitely take advantage of this opportunity. LSR Group will benefit from the consolidation of our top management team as it continues to transition its operations during a complex transformation period in the Russian construction industry. We remain committed to adopting best corporate governance practices at the Board level, as reflected by the independence of more than half the Board of Directors. Furthermore, our Board of Directors was strengthened with a new addition, Igor Levit. As an honorary builder of Russia, Mr. Levit brings substantial experience not only in the construction industry, but also in managing LSR Group, where he worked in various senior positions over the years.”

The following members were elected to the Board’s committees:

Audit Committee:

  • Alexander Prysyazhnyuk, Chairman
  • Vitaliy Podolsky
  • Aleksey Makhnev

Human Resources and Compensations Committee:

  • Vitaliy Podolsky, Chairman
  • Aleksey Makhnev
  • Alexander Prysyazhnyuk

Strategy and Investments Committee:

  • Andrey Nesterenko, Chairman
  • Dmitri Gontcharov
  • Igor Levit

For more information please contact:
Investor Relations
Igor Tsoy
Director of Investor Relations
E-mail: IR@lsrgroup. ru

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

«LSR Group» discloses information on the page on the Internet of LLC Interfax-TsRKI — the news agency accredited by the Central Bank of the Russian Federation to disclosure of information.
Information is available here.



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