News Column

Result of Meeting

April 28, 2014



LONDON--(BUSINESS WIRE)--

April 28, 2014

HMS Hydraulic Machines & Systems Group plc

(the “Company”, and together with its subsidiaries, the “HMS Group”)

HMS Group’s Board of Directors recommended annual dividend of 3.41 RUB per share and resolved other matters

Moscow, RussiaHMS Hydraulic Machines & Systems Group PLC (LSE: HMSG) announces that the Company’s Board of Directors at its ordinary meeting held at the Company’s registered address in Limassol, Cyprus on 24 April 2014 has recommended the payment by the Company of a final dividend in respect of the financial year ended 31 December 2013 of 3.41 RUB per ordinary share, amounting to a total dividend of 399,527,286 RUB (the “Dividends”).

The Dividends are subject to the approval of the Company’s shareholders at the Annual General Meeting to be held on 20 June 2014. Subject to such approval, the Dividends will be paid on 27 June 2014 to shareholders on the Company’s register at close of business (UK time) on 10 June 2014.

The Board of Directors recommended to the Company’s shareholders to rotate the Company’s auditors and appoint Deloitte as the auditor for 2014 at the Annual General Meeting.

The Board of Directors also accepted the resignation of German A. Tsoy from the position of the Chairman of the Board of Directors, who proposed Nikolay N. Yamburenko as his successor in such position. Nikolay N. Yamburenko was elected by the Board of Directors to chair the meeting.

***

HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

For further information, please contact:

Vera Timoshenko

Head of Investor Relations

Tel: +7 (495) 730-66-01 x 1302

ir@hms.ru

   

Nozima Karimova

Head of Press Service

Tel: +7 (495) 730-66-10

karimova@hms.ru



Disclaimer

The information contained herein has been prepared using information available to HMS Hydraulic Machines & Systems Group Plc (“HMS Group” or “HMS” or “Group” or “Company”) at the time of preparation of the presentation. External or other factors may have impacted on the business of HMS Group and the content of this presentation, since its preparation. In addition all relevant information about HMS Group may not be included in this presentation. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or reliability of the information.

Any forward looking information herein has been prepared on the basis of a number of assumptions which may prove to be incorrect. Forward looking statements, by the nature, involve risk and uncertainty and HMS Group cautions that actual results may differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Report for a description of the major risk factors. This presentation should not be relied upon as a recommendation or forecast by HMS Group, which does not undertake an obligation to release any revision to these statements.

This presentation does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in HMS Group, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision.




HMS Group Plc

Source: HMS Group Plc


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Source: Business Wire (UK Regulatory)