LSR Group announces bond tender offer
Follow us on social networks
12 October 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 the Board of Directors made a decision to repurchase exchange-traded Series 001P-01 (the identification number - 4B02-01-55234-E-001P as of 22 September 2016, ISIN RU000A0JWU98) and Series 001P-02 (the identification number - 4B02-02-55234-E-001P as of 20 April 2017, ISIN RU000A0JXPM0) bearer bonds by agreement with the bondholders on the terms established in the public irrevocable offer released on the Company’s website.
An aggregate amount of the repurchased exchange-traded bonds will be up to 5,000,000 bonds of the Series 001 P-01 and up to 3,333,333 bonds of the Series 001P-02.
The purchase price is determined in accordance with the procedure established in the public irrevocable offer, and cannot exceed 103.35% of the outstanding part of the par value of the Series 001P-01 bonds and 102.85% of the outstanding part of the par value of the Series 001P-02 bonds. An accrued coupon is paid simultaneously with the purchase price.
PJSC Sovcombank is the agent for the bond repurchase of both series. Offer Acceptance Notice Period starts on October 22, 2020 and ends on October 28, 2020. The Purchase Date is set on October 30, 2020. The repurchase will be carried out at the trading of Moscow Exchange.
For more information please contact:
Investor Relations
Igor Tsoy
Director of Investor Relations
E-mail: IR@lsrgroup.ru
Media Relations
LSR Group Press Service
E-mail: press@lsrgroup.ru