HMS Group
HMS Group: Results of BoD Meeting
HMS Group (HMSG) April 24, 2018
The Directors considered and adopted the following resolutions:
The Dividends are subject to the approval of the Company’s shareholders at the Annual General Meeting to be held on June 21, 2018. Subject to such approval, the Dividends will be paid on July 3, 2018 to shareholders on the Company’s register at close of business (UK time) on June 15, 2018 (the “Record Date”);
Nikolay Yamburenko, Chairman, underlined that “the payout of 75 percent of the profit attributable to shareholders is based on strong and better than budgeted financial results of 2017. However, the company’s long-term dividends policy stays unchanged – HMS targets to pay out total dividends in the region of 50 percent.”
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:
Contacts: 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). http://ar2016.grouphms.com
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ISIN: | US40425X4079 |
Category Code: | ROM |
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.: | 5449 |
End of Announcement | EQS News Service |