8th Dec 2015 07:00
HMS Hydraulic Machines & Systems Group plc(the “Company”, and together with its subsidiaries, the “HMS Group”)
HMS Group announces interim dividends of Rub 381 mn for 2015
Moscow, Russia – December 8, 2015 – HMS Group plc (the “Group”) (LSE: HMSG), the leading pump and compressor manufacturer and provider of flow control solutions and related services in Russia and the CIS, today announces that the Company’s Board of Directors by an unanimous written resolution dated December 7, 2015 has approved the payment by the Company of interim dividends in respect of the nine months of 2015 of 3.25 Rub per ordinary share, amounting to a total dividend of 380,781,137.75 Rub (the “Dividends”).
The Dividends will be paid on the 30th of December, 2015 to shareholders on the Company’s register at close of business (UK time) on the 14th of December, 2015 (the “Record Date”).
Kirill Molchanov, CFO and Co-founder of HMS Group, commented, that
“In general, HMS Group follows the policy of regular dividend payment as it stated in the IPO 2011 Prospectus of the Company. However, earlier the Group had to refrain from paying out dividends based on 2014 financial results, firstly, due to the net loss for the year and, secondly, due to the economic crisis in Russian Federation.
Due to strong and better than expected financial results for 9 months 2015 and expectations for the full year, the Company would like to pay interim dividends as a compensation of lack of dividends for 2014.
We understand the importance of regular cash inflow in the form of dividends for our investors and plan to continue to follow the policy of regular dividends payment once a year. And for avoiding of misunderstanding I would like to emphasize that the Company on the long run does not intend to pay regular interim dividends.”
For more information, please contact:Investor Relations[email protected]
***
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.
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, the HMS Group’s examination of historical operating trends, data contained in the 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. The 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151207006582/en/
Copyright Business Wire 2015
Related Shares:
Hms Hydraulic S