OREANDA-NEWS. September 03, 2012. The Board of Directors of OJSC LSR Group (LSE: LSRG; MICEX-RTS: LSRG) took the decision to approve the Regulations on authority delegation in management of LSR Group subsidiaries and the revised draft of Regulations on compilation of LSR Group financial plan and report, reported the press-centre of LSR Group. 

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 and Yekaterinburg.
As of 31 December 2011 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Group’s real estate portfolio is equal to 8.4m m2 with the market value of  RUB 124bn.

In 2011, the sales revenue of LSR Group were RUB 51,910m (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.