OREANDA-NEWS. July 12, 2010. OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) announces the completion of additional ordinary registered book-entry share placement, registered in FFMS of Russia under unified state registration number 1-01-55234-Е-002D on 8 April 2010, placed by open subscription, reported the press-centre of LSR Group.

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 USD 45.92 per share, the price for pre-emptive right holders was USD 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.