LONDON--(BUSINESS WIRE)--
HMS Group (LSE: HMSG) announces today that it has repurchased 16,566 of its global depositary receipts (“GDRs”) (representing 0.07 percent of the Company’s issued share capital) during the period from August 8, 2016 up to and including August 12, 2016.
The Company is currently in a closed period; these purchases were made by the Company’s broker, Renaissance Capital, pursuant to an irrevocable instruction from the Company prior to commencement of the closed period.
The GDR repurchases are a part of the Company’s buy-back programme. Since the commencement of the programme, the Company has repurchased 826,285 GDRs in total (representing 3.53 percent of its issued share capital).
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’ 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.