OREANDA-NEWS. May 12, 2016. HMS Group (LSE: HMSG) announces today that it has repurchased 228,453 of its global depositary receipts (“GDRs”) during the period from April 28, 2016 up to and including May 10, 2016. The share repurchases are part of the Company’s buy-back program. In total, HMS Group purchased 781,785 GDRs (3.34 % of its issued share capital), including those repurchased under the first buy-back program.

The first buy-back program started in 2012 and ended on May 23, 2015. Under this program 363,888 GDRs were repurchased (1,819,444 “old” GDRs, before the reverse conversion split in February 2016).

The current buy-back program was approved for execution from June 19, 2015 to June 19, 2016 by HMS’ Annual General Meeting of Shareholders held on June 19, 2015. The Company’s Board of Directors on April 26-27, 2016 recommended to proceed with the buy-back program for one more year, up to June 19, 2017.