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HMS Group (HMSG)
HMS Group: Resolutions of AGM
22-Jun-2018 / 14:49 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.
June 22, 2018
HMS Hydraulic Machines & Systems Group plc
(the "Company", and together with its subsidiaries, the "HMS Group")
Resolutions of the Annual General Meetings of Shareholders
Moscow, Russia - HMS Group (LSE: HMSG) (the "Group"), the leading pump and
compressor manufacturer and provider of flow control solutions and related
services in Russia and the CIS, today announces that the following
resolutions have been approved by the Annual General Meeting of Shareholders
held on June 21, 2018:
1) Annual Report, Consolidated Financial of the Group and Standalone
Financial Statements of the Company for the year ending 31 December 2017
have been adopted;
2) Mr. Andreas Petrou has been re-elected as a Non-Executive Independent
Directors;
3) Mr. Kirill Molchanov has been re-elected as an Executive Director;
4) Mr. Yuri Skrynnik has been re-elected as an Executive Director;
5) Deloitte Limited, Cyprus has been appointed as the Group's auditors,
while the Group's Directors have been authorized to agree on the auditor's
remuneration;
6) The payment of dividends in relation to the financial year ended December
31, 2017 in the total amount of 11.95 RUR per ordinary share, which includes
the interim dividends of 5,12 RUR per ordinary share paid in accordance with
the Directors' resolution dated December 7, 2017 and a final dividend for
2017 of 6.83 RUR per one ordinary share. The final dividend distribution for
2017 of 6.83 RUR per one ordinary share, amounting to total final dividend
of 800 226 206, 41 RUR, have been adopted. June 15, 2018 as the Record Date
and July 3, 2018 as the Payment Date for the purposes of dividend
distribution have been adopted;
7) The prolongation of the buyback program of the Company with respect to
global depositary receipts on the conditions, determined by the Board of
Directors at the meeting held on April 24, 2018, has been approved by the
way of the Special Resolution;
BUY-BACK PROGRAM
1. The Buyback period will be 1 year from June 21, 2018 if the program will
be approved at the AGM, i.e. from June 21, 2018 through June 21, 2019;
2. Maximum number of GDRs (each representing five ordinary shares in the
share capital of the Company) which can be repurchased - 6 (six) percent of
the subscribed capital of the Company, including previously acquired and
held at the time GDRs (Treasury shares):
Number of % share in the Number of GDRs
shares/underly capital
ing shares
(1 GDR = 5
shares)
Subscribed capital 117,163,427 100.00 -
of the Company
(ordinary shares)
Maximum number of 7,029,805 6.00 1,405,961
shares/GDRs to be
purchased
Treasury 5,384,435 4.60 1,076,887
shares/GDRs
Number of 1,645,370 1.40 329,074
shares/GDRs, HMS
can purchase under
the Buyback
program
3. GDRs will be repurchased at the prevailing market price at the date of
such purchase; due to large spreads for purchase/sale, as well as to the
practice of issuing to the broker of irrevocable orders for the "quiet
periods", the purchase price may differ significantly from the price of the
previous transaction.
4. Any purchase of GDRs will be conducted on the London Stock Exchange
and/or on over-the-counter markets;
5. The Buyback will be carried out by the way of on-market purchases and all
shareholders will be treated equally;
6. Purchases will be carried out by the Company with the assistance of
Renaissance Capital or any other independent broker, determined by the Board
of Directors after the approval of the Buyback (if obtained) at the AGM;
7. The amount and timing of repurchases will be determined by HMS Group
based on its evaluation of business opportunities, market and the Company's
financial conditions, and according to market practices;
8. The Buyback program will end as soon as the total amount of acquired
securities has reached the maximum amount specified (1,405,961 GDRs) or, if
earlier, on 21 June 2019.
Contacts:
Inna Kelekhsaeva, Deputy Head of Capital markets, on telephone: +7 (495)
730-6601, or email: capital-markets@hms.ru
Alexander Rybin, Head of Capital markets, on telephone: +7 (495) 730-6601,
or email: 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). http://ar2017.grouphms.com [1]
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: RAG
TIDM: HMSG
LEI Code: 254900DDFETNLASV8M53
OAM Categories: 2.2. Inside information
2.3. Major shareholding notifications
3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 5677
EQS News ID: 698045
End of Announcement EQS News Service
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(END) Dow Jones Newswires
June 22, 2018 07:49 ET (11:49 GMT)
