REG-HMS Group HMS Group: Results of BoD Meeting

HMS Hydraulic Machines & SystemsAnnouncement

10/12/2018 13:55

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   HMS Group (HMSG)
   HMS Group: Results of BoD Meeting

   10-Dec-2018 / 16:54 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.

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   HMS Hydraulic Machines & Systems Group plc
   (the "Company", and together with its subsidiaries, the "HMS Group")

    

   Moscow, Russia

   December 10, 2018

    

   HMS Group Board of Directors meeting

    

   HMS Group (LSE: HMSG) announces today that the Company's Board of
   Directors held an ordinary meeting (the "Meeting") at Hilton Cyprus Hotel,
   98 Archbishop Makarios III Avenue, Nicosia, Cyprus on December 06, 2018.
   All of the Company's Directors were present at the Meeting.

    

   The following significant matters were considered, discussed and approved
   at the Meeting:

    1. Nine months 2018 IFRS Financial Statements review;
    2. Interim dividends payment in respect of the nine months of 2018 in the
       amount of 3.84 rubles per one ordinary share, amounting to a total
       dividend of 449,907,559.68 rubles (the "Dividends").

   The Dividends will be paid on January 25, 2019, to shareholders on the
   Company's register at close of business (UK time) on January 11, 2019 (the
   "Record Date");

    3. The new Long-Term Incentive Program for the Company's management (the
       "Program").

   The Program is a system of encouragement, motivation and retention, based
   on the delayed transmission to the participants the depositary receipts
   for HMS Group shares (GDRs), subject to the achievement of certain KPIs
   for each Award Year.  GDRs for this Program will come from GDRs owned and
   bought by the Company, so this Program will not dilute existing
   shareholders.

   The Program is envisaged for three Award Years - 2019, 2020 and 2021.

   The transfer of GDRs will be done over 2022 - 2024, if the participants
   are still employed by HMS Group.

   The Program's Fund is equal to 7.5 percent of HMS Group adjusted Profit
   attributable to shareholders.

   The Program's Fund is separately calculated for each Award Year.

    4. The list of participants of the Long-Term Incentive Program for the
       Group's key executives for 2019.

    

    

   Contacts:

   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 Annual report 2017

    

   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.

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   ISIN:           US40425X4079
   Category Code:  ROM
   TIDM:           HMSG
   LEI Code:       254900DDFETNLASV8M53
   OAM Categories: 2.2. Inside information
                   2.3. Major shareholding notifications
   Sequence No.:   6821
   EQS News ID:    756115


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:capital-markets@hms.ru
   2. mailto:capital-markets@hms.ru
   3. https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b09c05851dcbe03186c4fcca74e99fe1&application_id=756115&site_id=reuters8&application_name=news


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