OREANDA-NEWS. HMS Group announces today that it has repurchased 3,434 of its global depositary receipts (“GDRs”) (representing 0.01 percent of the Company’s issued share capital) during the period from August 1, 2016 up to and including August 5, 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 809,719 GDRs in total (representing 3.5 percent of its issued share capital).

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.