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HMS Group (HMSG)
HMS Group: Board Change
25-Jun-2018 / 13:33 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 25, 2018
HMS Hydraulic Machines & Systems Group plc
(the "Company", and together with its subsidiaries, the "HMS Group")
Board Change
Moscow, Russia - HMS Hydraulic Machines & Systems Group PLC (LSE: HMSG, the
"HMS Group") announces that effective June 22, 2018, Philippe Delpal and
Gary Yamamoto, Independent Non-Executive Directors of the Company, have
retired from the Board of Directors of the Company and that Ezio Vergani and
Giorgio Veronesi have today been appointed as Independent Non-Executive
Directors of the Company. Mr. Vergani and Mr. Veronesi, as well as other
members of the Board of Directors of the Company, will be considered for
re-election to the Board of Directors at the Company's EGM on July 23, 2018.
Ezio Vergani is the owner and the President of Asco Pompe, an Italian
company which produces, distributes, supplies and integrates products and
technological systems for fluid handling, monitoring and water treatment.
Prior to joining Asco Pompe, from 1985 to 2008, Mr. Vergani was the CEO and
major shareholder of Finder Pompe, one of the European leading companies in
the design and manufacture of engineered pumps and systems for oil & gas.
Giorgio Veronesi has over 30 years of experience in the international
engineering sector. He held various senior positions at such leading
engineering companies as Foster Wheeler, Tecnimont, Siirtec Nigi and
Techint.
The Chairman of the Company' Board of Directors, Nikolay Yamburenko,
commented:
"The change in Independent Non-Executive Directors is in line with the best
corporate governance practices regarding director rotation. We are thankful
to Mr. Yamamoto and Mr. Delpal for their input in the development of the
Company since their arrival to the Board of Directors in 2011 after the
Company's IPO. Their expertise in corporate governance and finance was
instrumental through these years and especially during the Company's first
years as a public company. We are confident that Mr. Vergani and Mr.
Veronesi will contribute their unique combination of strategic expertise and
thorough knowledge of pump production and oil and gas engineering businesses
and that the Company will benefit from their knowledge of international
markets and best international management practices.
In particular, we will rely on the extensive expertise of Mr. Vergani in the
pump production business built on his long-term operational and directorship
experience in the international pump industry. We equally value the
experience of Mr. Veronesi that he has gained while working at international
engineering companies, especially in connection with development of our oil
& gas equipment and solutions business unit.
This directorship rotation will enhance the strategic expertise of the
Company and provide a further foundation for its sustainable growth in
accordance with its strategy being implemented in the interests of all
shareholders of the Company."
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: BOA
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.: 5680
EQS News ID: 698375
End of Announcement EQS News Service
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(END) Dow Jones Newswires
June 25, 2018 06:34 ET (10:34 GMT)
