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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.
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: 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).
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
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(END) Dow Jones Newswires
April 25, 2019 10:00 ET (14:00 GMT)
