REG-HMS Group HMS Group: Results of BoD Meeting

HMS Hydraulic Machines & SystemsAnnouncement

25/04/2019 15:00

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

   25-Apr-2019 / 17:00 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

   April 25, 2019

    

   HMS Group announces results of its Board of Directors meeting

    

   Moscow, Russia - HMS Hydraulic Machines & Systems Group PLC (LSE: HMSG)
   announces the results of the Company's Board of Directors ordinary meeting
   held at Four Seasons hotel, Limassol, Cyprus on April 24, 2019.

    

   The Directors considered and adopted the following resolutions:

   *       Recommendation of the payment by the Company of a final dividend
   in respect of the financial year ended December 31, 2018, of Rub 5.97 per
   ordinary share, amounting to a maximum total final dividend of Rub
   699,465,659.19  (the "Dividends"). The Company has already paid interim
   dividends based on the Directors' resolution dated December 6, 2018 in the
   amount of Rub 3.84 per ordinary share.

   The Dividends are subject to the approval of the Company's shareholders at
   the Annual General Meeting to be held on June 21, 2019. Subject to such
   approval, the Dividends will be paid on July 01, 2019 to shareholders on
   the Company's register at close of business (UK time) on June 14, 2019
   (the "Record Date");

   *       Subject to approval by the Company's shareholders at the AGM, to
   extend the buyback program (the "Buyback") in respect of the Company's
   Global Depositary Receipts ("GDRs"), each representing five ordinary
   shares of the Company, for execution during the period of one year
   commencing on the date of the Company's shareholders' approval (if
   obtained) at the AGM on June 21, 2019.

   The total amount of GDRs subject to the Buyback (taking into account any
   GDRs already acquired by the Company) shall not exceed 6% of the
   subscribed capital of the Company at prevailing market prices.

   The GDRs will be purchased by the Company with the assistance of
   Renaissance Capital or any other independent broker as may be further
   determined by the Board of Directors.

   The amount and timing of the planned repurchases will be determined by the
   Company based on its evaluation of its financial condition, business
   opportunities and market conditions at the time, in accordance with market
   practices.

    

   In addition the following significant matters were considered, discussed
   and approved:

    1. Approval of the Annual Report of the Company for the financial year
       ended December 31, 2018, the audited consolidated IFRS Financial
       Statements for the financial year ended December 31, 2018, and the
       audited Stand-alone Financial Statements for the financial year ended
       December 31, 2018;
    2. Approval of the report of the Company on fulfillment of the financial
       plan (budget) for the financial year ended December 31, 2018;
    3. Recommendation to the Company's shareholders to re-appoint Deloitte
       Limited as the auditor of the Company for the financial year ending
       December 31, 2018, at the Annual General Meeting to be held on June
       21, 2019 (the "AGM");
    4. Convening of the AGM and approval of the AGM agenda;
    5. Approval of 2018 LTIP Program results subject to the recommendations
       of the Remuneration committee dated on April 24, 2019;
    6. Election of Mr. Vyacheslav Tsoy as a Non-Executive director of HMS
       Group to serve until the next General Meeting on June 21, 2019 where
       he will be eligible for re-election, with regard to the necessity to
       expand the Board from 8 to 9 members.

    

   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.:   8360
   EQS News ID:    803559


    
   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=803559&site_id=reuters6&application_name=news


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