REG-HMS Group HMS Group: Results of the BoD meeting

HMS Hydraulic Machines & SystemsAnnouncement

21/04/2021 18:55

============

   HMS Group (HMSG)
   HMS Group: Results of the BoD meeting

   21-Apr-2021 / 20:51 MSK
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

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

    

   Moscow, Russia

   April 21, 2021

    

   HMS Group announces results of its Board of Directors meeting

    

   HMS Group (LSE:  HMSG) announces  the results  of the  Company's Board  of
   Directors meeting held through a  videoconference call on April 21,  2021.
   Eight out of nine Company's Directors were present at the Meeting.

   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 31 December 2020 in the amount of
       Rub 4.25 per one ordinary share, amount to a total dividend (the
       "Dividends") of Rub 497,944,564.75.
       The Dividends are subject to the approval of the Company's
       shareholders at the Annual General Meeting to be held on June 24,
       2021.
       Subject to such approval, the Dividends may be paid on July 1, 2021 to
       shareholders on the Company's register at close of business (UK time)
       on June 18, 2021 (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.
       The total amount of GDRs subject to the Buyback (taking into account
       any GDRs already owned 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.

     • Approval of listing of the Company's Global Depositary Receipts
       representing its ordinary shares as a Foreign Issuer on the Moscow
       Exchange.

   The Company's GDRs will continue trading on the Main Market of the London
   Stock Exchange.

   Trading of HMS Group's GDRs on the Moscow Exchange is expected to commence
   in the second quarter of 2021, subject to approval by the Moscow Exchange.

   Quotations and settlements will be in Russian rubles.

   The Company's Board of Directors believes that the additional listing of
   HMS' GDRs should facilitate an expansion of the Company's investor base,
   including institutional and retail investors in Russia.

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

     • Approval of the Annual Report of the Company for the financial year
       ended December 31, 2020, the audited consolidated IFRS Financial
       Statements for the financial year ended December 31, 2020, and the
       audited Stand-alone Financial Statements for the financial year ended
       December 31, 2020;
     • Convening of the AGM and approval of the AGM agenda.

    

   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).

    

   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.

   ══════════════════════════════════════════════════════════════════════════

   ISIN:           US40425X4079
   Category Code:  ROM
   TIDM:           HMSG
   LEI Code:       254900DDFETNLASV8M53
   OAM Categories: 2.3. Major shareholding notifications
   Sequence No.:   100401
   EQS News ID:    1187392


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

    3 fncls.ssp?fn=show_t_gif&application_id=1187392&application_name=news&site_id=reuters8

References

   Visible links
   1. mailto:capital-markets@hms.ru
   2. mailto:capital-markets@hms.ru


============