HMS Group (HMSG)
HMS Group: Resolutions of AGM
24-Jun-2019 / 12:55 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
June 24, 2019
Resolutions of the Annual General Meetings of Shareholders
Moscow, Russia - HMS Hydraulic Machines & Systems Group PLC (LSE: HMSG)
today announces that the following resolutions have been approved by the
Annual General Meeting of Shareholders held on June 21, 2019:
1) Annual Report, Consolidated Financial of the Group and Standalone
Financial Statements of the Company for the year ending December 31, 2018
have been adopted;
2) Mr. Nikolay Yamburenko has been re-elected as a Non-Executive Director;
3) Mr. Artem Molchanov has been re-elected as an Executive Director;
4) Mr. Vyacheslav Tsoy has been elected as a Non-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, 2018 in the total amount of Rub 9.81 per ordinary share,
which includes the interim dividends of Rub 3.84 per ordinary share paid
in accordance with the Directors' resolution dated December 6, 2018, and a
final dividend for 2018 of Rub 5.97 per one ordinary share. The final
dividend distribution for 2018 of Rub 5.97 per one ordinary share,
amounting to total final dividend of Rub 699,465,659.19, have been
adopted. The record date on June 14, 2019 and the Payment date on July 1,
2019 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, 2019, has been approved by the
way of the Special Resolution;
BUY-BACK PROGRAM
1) The Buyback period will be 1 year from June 21, 2019 if the program
will be approved at the AGM, i.e. from June 21, 2019 through June 21,
2020;
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 6,021,410 5.14 1,204,282
shares/GDRs
Number of 1,008,395 0.86 201,679
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 2020.
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).
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.: 11132
EQS News ID: 829539
End of Announcement EQS News Service
(END) Dow Jones Newswires
June 24, 2019 05:56 ET (09:56 GMT)
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