REG-HMS Group HMS Group and NOVATEK sign compressor contract - Correction
13/03/2020 14:55
============
HMS Group (HMSG)
HMS Group and NOVATEK sign compressor contract - Correction
13-March-2020 / 17:53 MSK
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
EQS Group.
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
The issuer advises that the following replaces the HMS HYDRAULIC MACHINES
& SYSTEMS GROUP PLC "HMS Group and NOVATEK sign compressor contract"
announcement released at 15:40 GMT on March 12, 2020.
There was a misprint in the first paragraph, and it has now been
corrected:
The equipment is to be delivered in 2021 and installed at the Obsky LNG
processing plant.
All other details remain unchanged.
The full corrected version is shown below
HMS Group and NOVATEK sign compressor contract
Moscow, Russia - March 12, 2020
HMS Group announces today that it has signed with PAO NOVATEK ("NOVATEK")
a contract to engineer and manufacture six main gas compression units. The
equipment is to be delivered in 2021 and installed at the Obsky LNG
processing plant.
In 2019, HMS Group and NOVATEK signed a Memorandum on strategic
partnership, which aims to the further development of mutual cooperation
in the field of design and manufacture of first-of-its-kind-in-Russia
equipment for LNG projects. The Memorandum sets the general principles and
main directions of mutually beneficial cooperation. It composes the
long-term intention of the Parties to pursue a wide-scale cooperation to
localize the manufacturing of compressors, pumps and other equipment for
NOVATEK's LNG projects.
For more information, please, contact:
Inna Kelekhsaeva, Deputy Head of Capital markets, on telephone: +7 (495)
730-6601, or email: 1 capital-markets@hms.ru
Alexander Rybin, Head of Capital markets, on telephone: +7 (495) 730-6601,
or email: 2 capital-markets@hms.ru
About HMS Group
HMS Group is the leading pump and compressor manufacturer, as well as the
provider of flow control solutions and related services for the oil and
gas, petrochemistry, nuclear and thermal power generation, water and
wastewater sectors in Russia and the CIS headquartered in Moscow, Russia.
HMS Group's products are mission-critical elements of projects across a
diverse range of industries. HMS has a listing on the London Stock
Exchange in the form of global depositary receipts (LSE: HMSG).
3 http://ar2018.grouphms.com
Press Release Information Accuracy Disclaimer
Information published in press releases was accurate at the time of
publication but may be superseded by subsequent releases or other
information.
LEI: 254900DDFETNLASV8M53
3.1. Additional regulated information required to be disclosed under the
laws of a Member State
2.2. Inside information
══════════════════════════════════════════════════════════════════════════
ISIN: US40425X4079
Category Code: CNT
TIDM: HMSG
LEI Code: 254900DDFETNLASV8M53
OAM Categories: 2.2. Inside information
3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 52293
EQS News ID: 997203
End of Announcement EQS News Service
══════════════════════════════════════════════════════════════════════════
4 fncls.ssp?fn=show_t_gif&application_id=997203&application_name=news&site_id=refinitiv
References
Visible links
1. mailto:capital-markets@hms.ru
2. mailto:capital-markets@hms.ru
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=deedbaa2d1dae6d6f9078819b3ee7be7&application_id=997203&site_id=refinitiv&application_name=news
============