Last checked at 11 May 2016 16:38
HMS Group Buy-back Program Results
Moscow, Russia – May 11, 2016 – HMS Group (LSE: HMSG) announces today that it has repurchased 228,453 of its global depositary receipts (“GDRs”) during the period from April 28, 2016 up to and including May 10, 2016. The share repurchases are part of the Company’s buy-back program. In total, HMS Group purchased 781,785 GDRs (3.34 % of its issued share capital), including those repurchased under the first buy-back program.
The first buy-back program started in 2012 and ended on May 23, 2015. Under this program 363,888 GDRs were repurchased (1,819,444 “old” GDRs, before the reverse conversion split in February 2016).
The current buy-back program was approved for execution from June 19, 2015 to June 19, 2016 by HMS’ Annual General Meeting of Shareholders held on June 19, 2015. The Company’s Board of Directors on April 26-27, 2016 recommended to proceed with the buy-back program for one more year, up to June 19, 2017.
For more information, please contact:
Alexander Rybin, Head of Capital markets
Tel: +7 (495) 730-6601, email: rybin@hms.ru
Inna Kelekhsaeva, Deputy Head of Capital markets
Tel: +7 (495) 730-6601, email: kelekhsaeva@hms.ru
About HMS Group
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. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.
The forward-looking statements contained herein are based upon various assumptions, many of which are based, in turn, upon further assumptions, which may include without limitation, HMS Group’s examination of historical operating trends, data contained in HMS Group’s records and other data available from third parties. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. HMS Group does not intend to provide any representation or warranty and does not assume any obligation to update any forward-looking statement contained herein.
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