02.10.2015

HMS Group announces results of its Board of Directors meeting

Moscow, Russia – HMS Hydraulic Machines & Systems Group PLC (LSE: HMSG) announces that the Company’s Board of Directors held an ordinary meeting (the “Meeting”) at the Company’s registered address in Limassol, Cyprus on September 30, 2015. All of the Company’s seven Directors were present at the Meeting.

The following significant matters were considered, discussed and approved at the Meeting:

1. The Audit Committee Report;

2. Six months 2015 IFRS Consolidated Financial Statements and Amendments to 2015 Financial Plan (budget);

3. Chief Executive Officer, Mr. Artem Molchanov, has been agreed to extension of his employment agreement. Mr. Artem Molchanov’s employment agreement was approved to be extended for further four years till May 31, 2019.

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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.


For further information, please contact:

Inna Kelekhsaeva
Deputy Head of Capital markets
Tel: +7 (495) 730-66-01
ir@hms.ru
Alexander Rybin
Head of Capital markets
Tel: +7 (495) 730-66-01
ir@hms.ru