Hms Hydraulic S Regulatory News (HMSG)

24 Jun 2014 09:05

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 20th, 2014:

1) Annual Report and Consolidated Financial of the Group and Standalone Financial Statements of the Company for the year ending 31 December 2013 have been adopted;

2) The Board of Directors is now comprised of the following seven individuals:

Mr. Andreas Petrou

Mr. Artem Molchanov

Mr. Kirill Molchanov

Mr. Yury Skrynnik

Mr. Nikolay Yamburenko

Mr. Philippe Delpal

Mr. Gary Stuart Yamamoto

3) 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;

4) A dividend payment of 399,527,286 Rub, corresponding to 3.41 Rub per GDR, with a Record Date of June 10th, 2014 and a Payment Date of June 27th, 2014 has been approved.

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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.

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