Last checked at 27 Aug 2013 10:00
HMS Group IR ReleaseMoscowAugust 26, 2013
HMS Hydraulic Machines & Systems Group plc(the “Company”, and together with its subsidiaries, the “HMS Group”)
HMS Group signs US$ 29 mn contract for delivery of Compressor station
Moscow, Russia – August 26, 2013 – HMS Group (LSE: HMSG), the leading pump and compressor manufacturer as well as a 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, announces today that it has signed a contract for delivery and installation of a compressor unit worth Rub 943 million (c. US$ 29 million).
In accordance with the contract, HMS Group will deliver the booster compressor station on a customer’s site. The unit, based on a gas-turbine engine and manufactured by Kazankompressormash (KKM), will be installed at a petrochemical complex in the South of Russia, under the client’s modernization program of existing production facilities in order to insure maximum processing of gases at the plant. The project is to be completed within 14 months.
For more information, please contact:Inna Kelekhsaeva, Deputy Head of Capital marketsPhone: +7 (495) 730-6601 x 1318, Kelekhsaeva@hms.ru
Nozima Karimova, Head of Press ServicePhone: +7 (495) 730-6610, Karimova@hms.ru
HMS Group is the leading pump & compressor manufacturer and 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’ products are key elements of projects in a diverse range of basic industries. The Group reported revenues of Rub 7.3 billion, adjusted EBITDA of Rub 854 million and profit of Rub 26 million for the 3 months ended March 31, 2013. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.
Disclaimer
This communication doesn’t constitute an offer or, or the solicitation of an offer to buy or subscribe for, GDRs or other securities to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful and, in particular, is not for release, publication or distribution in or into the United States, Australia, Canada, Japan or the Russian Federation.
This announcement is not an offer for sale of any securities in the US. Securities may not be offered or sold in the US absent registration or an exemption from registration under the US Securities Act of 1933, as amended (The “Securities Act”). HMS Group has not registered and does not intend to register any portion of any offering in the US or to conduct a public offering of any securities in the US.
This announcement contains statements about future events and expectations that are forward-looking in nature. Any statement in this announcement that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. HMS Group assumes no obligation to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.
Copyright Business Wire 2013