OREANDA-NEWS. HMS Group announces that with effect from start of trading on Monday, February 8, 2016, the ratio of the Company's Depositary Receipts (further, "DR") program will be changed:
Old ratio: 1 DR equals 1 Ordinary share
New ratio: 1 DR equals 5 Ordinary shares

For every 5 (five) DRs held by Depositary Receipt holders, they will receive 1 (one) "new" DR in return.

The issued number of ordinary shares and their nominal value will be unchanged.

According to the terms of the amended deposit agreement with BNY Mellon, the annual depositary fee will equal USD 0.01 per "new" DR instead of the current USD 0.03 per "old" DR, implying a fifteen-fold decrease in such fees.

Effective February 8, 2016, DR holders will be required on a mandatory basis to surrender their DRs to BNY Mellon for cancellation and will receive 1 "new" DR for every 5 "old" DRs. Only whole DRs will be distributed and in effecting this the DRs will be rounded down, any fractional DRs will be sold and the cash proceeds will be distributed to the DR holder by the Depositary.

BNY Mellon's books will be closed for all issuance and cancellation transactions on CUSIPs # 40425X100 and 40425X209 as of the close of business on February 5, 2016.