OREANDA-NEWS. HMS Group plc (the “Group”) (LSE: HMSG), the leading pump and compressor manufacturer and provider of flow control solutions and related services in Russia and the CIS, today announces that the Company’s Board of Directors by an unanimous written resolution dated December 7, 2015 has approved the payment by the Company of interim dividends in respect of the nine months of 2015 of 3.25 Rub per ordinary share, amounting to a total dividend of 380,781,137.75 Rub (the “Dividends”).

The Dividends will be paid on the 30th of December, 2015 to shareholders on the Company’s register at close of business (UK time) on the 14th of December, 2015 (the “Record Date”).

Kirill Molchanov, CFO and Co-founder of HMS Group, commented, that
“In general, HMS Group follows the policy of regular dividend payment as it stated in the IPO 2011 Prospectus of the Company. However, earlier the Group had to refrain from paying out dividends based on 2014 financial results, firstly, due to the net loss for the year and, secondly, due to the economic crisis in Russian Federation.

Due to strong and better than expected financial results for 9 months 2015 and expectations for the full year, the Company would like to pay interim dividends as a compensation of lack of dividends for 2014.

We understand the importance of regular cash inflow in the form of dividends for our investors and plan to continue to follow the policy of regular dividends payment once a year. And for avoiding of misunderstanding I would like to emphasize that the Company on the long run does not intend to pay regular interim dividends.”

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. 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. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.