Moscow, June 22, 2017
HMS Hydraulic Machines & Systems Group plc
(the “Company”, and together with its subsidiaries, the “HMS Group”)
HMS Group signs Rub 6.3 BN contract
Moscow, Russia – June 22, 2017 - HMS Group (LSE: HMSG) announces today that it has signed a 6.3 billion rubles contract for delivery and installation of oil & gas equipment for one of the largest gas fields in Russia, the next stage of the previously announced contract of 10.2 billion rubles.
The agreement remains subject to payment of advance by the buyer and further clarification of the scope of the equipment, terms of delivery and certain other conditions.
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About HMS Group
HMS Group is the leading pump and compressor manufacturer, as well as the provider of flow control solutions and related services for the oil and gas, petrochemistry, nuclear and thermal power generation, water and wastewater sectors in Russia and the CIS headquartered in Moscow, Russia. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. HMS has a listing on the London Stock Exchange in the form of global depositary receipts (LSE: HMSG).
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