HMS Group completed the conversion of a part of its GDRs into shares - no change in control

HMS Group (HMSG) 
HMS Group completed the conversion of a part of its GDRs into shares - no 
change in control 
 
20-Dec-2019 / 18:00 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 
 
December 20, 2019 
 
HMS Group completed the conversion of a part of its GDRs into shares - no 
change in control 
 
Conversion of the global depositary receipts held by JSC HMS Holding, the 
Company's major shareholder, and withdrawal of the underlying shares in the 
Company to JSC HMS Holding - no change in control 
 
HMS HYDRAULIC MACHINES & SYSTEMS GROUP PLC (LSE: HMSG) (the "Company") 
announces today that on 16 December 2019 its major shareholder JSC HMS 
Holding ("HMS Holding") completed the process of cancellation (disposal by 
HMS Holding) of 2,924,207 global depositary receipts issued under the 
Company's depositary receipts program representing 14,621,035 shares in the 
Company (the "Underlying Shares") and withdrawal of (acquisition by HMS 
Holding of) the Underlying Shares from the depositary (the Bank of New York 
Mellon) in the name of HMS Holding (the "Conversion"). 
 
As a result of the Conversion, HMS Holding retains full control over the 
majority shareholding in the Company being a direct holder of 71.51% of the 
Company's issued share capital, and, consequently, the Conversion neither 
triggers an obligation of the Company or HMS Holding to make any mandatory 
offer to the GDR holders, nor lead to any change in corporate governance of 
the Company. 
 
Further details of the transactions above are available here: 
 
http://grouphms.com/files/MAR_notification_by_HMS_Holding.pdf [1] 
 
For more information, please, contact: 
 
Alexander Rybin, Head of Capital markets, on telephone: [phone], 
or email: [e-mail] 
 
Inna Kelekhsaeva, Deputy Head of Capital markets, on telephone: +7 (495) 
730-6601, or email: [e-mail] 
 
About HMS Group 
 
HMS Group is the leading pump and compressor manufacturer, as well as 
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:  CON 
TIDM:           HMSG 
LEI Code:       254900DDFETNLASV8M53 
OAM Categories: 2.2. Inside information 
                2.3. Major shareholding notifications 
                2.4. Acquisition or disposal of the issuer's own shares 
Sequence No.:   36680 
EQS News ID:    941331 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=af5842b9716d18ac48d10726bd436f06&application_id=941331&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 20, 2019 10:00 ET (15:00 GMT)