Hms Hydraulic S Regulatory News (HMSG)

24 Jun 2013 09:00

June 24, 2013

HMS Hydraulic Machines & Systems Group plc

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

Resolutions of the Annual General and Extraordinary Meetings of Shareholders

HMS Group (LSE: HMSG)(the “Group”), the leading pump and compressor manufacturer and provider of flow control solutions and related services in Russia and the CIS, today announces that the following resolutions have been approved by the General Meeting of Shareholders held on June 21th , 2013:

1) Annual Report, Consolidated and Stand-alone Financial Statements of the Group for the year ending 31 December 2012 have been adopted;

2) Mr. Artem Molchanov and Mr. Nikolay Yamburenko have been re-elected as Executive Directors, Mr. Gary Stuart Yamamoto has been re-elected as an Non-Executive Independent Director;

3) Price Waterhouse Coopers 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;

4) The dividend payment of 799,054,572 Rub, corresponding to 6.82 Rub per GDR, with the Record Date June 10th, 2013 and the Payment Date July 03th, 2013 has been approved.

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The 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. The HMS Group’s products are key elements of customer’s projects across different 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. The Group reported revenues of RUB 7.3 billion, adjusted EBITDA of RUB 854 million and profit for the period of RUB 26 million for the 3 months ended March 31, 2013. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

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