29th May 2012 12:26
HMS Hydraulic Machines & Systems Group plc
(the "Company", and together with its subsidiaries, the "HMS Group")
HMS GROUP TO PROVIDE DELIVERY OF COMPRESSOR PACKAGES
Moscow, Russia - HMS Group (LSE: HMSG), the leading pump manufacturer and provider of flow control solutions and engineering services for oil and gas fields, power and water utilities in Russia and the CIS, today announces that it has concluded the agreement for delivery and installation of a large set of compressor packages, totalled Rub 660 mn (USD 18.9 mn) after winning a competitive tender process.
According to the contract, the Group will deliver a number of different modular compressor packages for processing of associated gas and provide commissioning on the customer's sites. The compressor packages will be installed at the several oilfields, such as Malobalykskoye, Kinyaminskoye, Prirazlomnoye and Ombinskoye (Western Siberia).
Artem Molchanov, Managing Director (CEO) of HMS Group, commented:
"We put a full-scale tapping into the compressor market as one of our strategy priorities, seeking both organic and inorganic growth opportunities. Under this contract we will deliver an integrated compressor-based solution to our customer, leveraging our competence and expertise in the flow-control modular systems. I believe this contract is a forerunner of the Group development in the adjacent compressor market with visible synergies and good growth prospects".
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The HMS Group is the leading pump 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. The 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. The Group reported revenues of RUB 27.5 billion, adjusted EBITDA of RUB 5.5 billion and profit for the period of RUB 3.4 billion for the twelve month ended December 31, 2011. The HMS Group's global depositary receipts ("GDRs") are listed under the symbol "HMSG" on the London Stock Exchange.
For further information, please contact:
| Sergey Klinkov Head of IR Tel: +7 (495) 730-66-01, ext. 1302
| Nozima Karimova Head of Press Service Tel: +7 (495) 730-66-10
|
DISCLAIMER
THIS COMMUNICATION DOES NOT CONSTITUTE AN OFFER OF, 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 UNITED STATES. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). THE HMS GROUP HAS NOT REGISTERED AND DOES NOT INTEND TO REGISTER ANY PORTION OF ANY OFFERING IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF ANY SECURITIES IN THE UNITED STATES.
THIS COMMUNICATION IS ONLY BEING DISTRIBUTED TO AND IS DIRECTED ONLY AT (I) PERSONS WHO ARE OUTSIDE THE UNITED KINGDOM OR (II) INVESTMENT PROFESSIONALS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE "ORDER") AND (III) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY LAWFULLY BE COMMUNICATED, FALLING WITHIN ARTICLE 49(2) OF THE ORDER (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT ARE ONLY AVAILABLE TO, AND ANY INVITATION, OFFER OR AGREEMENT TO SUBSCRIBE, PURCHASE OR OTHERWISE ACQUIRE SUCH SECURITIES WILL BE ENGAGED IN ONLY WITH, RELEVANT PERSONS. ANY PERSON WHO IS NOT A RELEVANT PERSON SHOULD NOT ACT OR RELY ON THIS DOCUMENT OR ANY OF ITS CONTENTS.
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