HMS Group: Results of BoD Meeting

Dow Jones received a payment from EQS/DGAP to publish this press release.

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. 
 
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: [e-mail] 
 
Alexander Rybin, Head of Capital markets, on telephone: [phone], 
or email: [e-mail] 
 
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). 
 
Annual report 2017 [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:  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 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b09c05851dcbe03186c4fcca74e99fe1&application_id=803559&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

April 25, 2019 10:00 ET (14:00 GMT)