RNS Number : 0567J
PJSC LSR Group
06 September 2016
LSR Group implements share-based incentive program for top management
LSR Group announces changes to its shareholder structure effective under company's top management incentive program. Andrey Nikitin will become a new shareholder of LSR Group.
Under LSR Group's top management incentive program, Mr. Andrey Nikitin, Member of the Executive Committee, Chief Financial Officer of LSR Group, has been endowed with the right to acquire 945,805 common registered shares of LSR Group and 5,192,500 global depositary receipts (with the right to receive the stock of LSR Group issued by Deutsche Bank Trust Company Americas), which corresponds to a total of 1.926% of LSR Group's share capital.
The complete scope of rights to the securities will be transferred subject to the achievement of performance indicators stipulated by the incentive program, which is set to run until 2026.
The amount of share capital and share of common stock which were owned by Andrey Nikitin prior to such changes is 0%.
For more information please contact:
LSR Group Press Service
Tel.: +7 812 333 11 11
E-mail: [email protected]
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