HMS Group Changes 2012 Dividend Payment Date
OREANDA-NEWS. The Board of Directors of HMS Group (LSE: HMSG LI) approved a change in the Payment date of the Company’s annual dividend for 2012 financial year of 6.82 RUR per ordinary share, amounting to a total dividend of RUB 799 054 572 (the “Dividend”), to July 03, 2013. The Payment date was previously scheduled on June 28th, 2013. The Record date associated with this dividend payment remains unchanged at June 10, 2013.
The Dividend is subject to the approval of the Company's shareholders at the Annual General Meeting to be held on June 21st, 2013.
HMS Group is the leading pump & compressor 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. HMS’ 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 33.7 billion, adjusted EBITDA of Rub 6.2 billion and profit for the period of Rub 2.3 billion for the twelve months ended December 31, 2012. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.
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