HMS Group: Resolutions of the AGM of Shareholders

HMS Group (HMSG) 
HMS Group: Resolutions of the AGM of Shareholders 
 
29-Jun-2020 / 17:46 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 29, 2020 
 
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 29, 2020: 
 
  1) Annual Report, Consolidated Financial of the Group and Standalone 
  Financial Statements of the Company for the year ending December 31, 2019 
  have been adopted; 
 
  2) Mr. Vladimir Lukyanenko has been re-elected as a Non-Executive 
  Director; 
 
  3) Mr. Kirill Molchanov has been re-elected as an Executive Director; 
 
  4) Mr. Yury Skrynnik has been re-elected as an 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 dividend distribution for the financial year ended December 31, 
  2019 of Rub 3.41 per one ordinary share, amounting to total dividend of 
  Rub 399,527,286.19, have been adopted. The record date on June 19, 2020 
  and the Payment date on June 30, 2020 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 23, 2020, has been approved by the 
  way of the Special Resolution; 
 
BUY-BACK PROGRAM 
 
  1) The Buyback period will be 1 year from 29 June 2020 if the program will 
  be approved at the AGM, i.e. from 29 June 2020 through 29 June 2021 
 
  2) Maximum number of GDRs (each representing five ordinary shares in the 
  share capital of the Company) which can be repurchased - 6% of the 
  subscribed capital of HMS Group, 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 HMS Group 
(ordinary shares) 
Maximum number of  7,029,805      6.00           1,405,961 
shares/GDRs to be 
purchased 
 
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; 
 
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 29 June 2021 
 
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:  RAG 
TIDM:           HMSG 
LEI Code:       254900DDFETNLASV8M53 
OAM Categories: 2.2. Inside information 
                3.1. Additional regulated information required to be 
                disclosed under the laws of a Member State 
Sequence No.:   72492 
EQS News ID:    1081283 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

June 29, 2020 10:46 ET (14:46 GMT)