OREANDA-NEWS. October 4, 2011. HMS Group (LSE: HMSG), the leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, announces today that the HMS Group Annual General Meeting of Shareholders was held on September 30th, 2011 (the “AGM”).

The following issues of agenda were reviewed and approved by the Shareholders at the AGM: 

the Consolidated Financial Statements of the Company for the year ending 31 December 2010;

the re-election of all directors, who held their office prior to the AGM;

the appointment of chartered accountants Price Waterhouse Coopers Limited (Cyprus) as the Company auditors and authorizing the Directors to agree on their remuneration.

The HMS Group is the leading pump 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. The 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. The Group reported revenues of RUB 7.1 billion, adjusted EBITDA of RUB 1.6 billion and profit for the period of RUB 1 billion for the three months ended March 31, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.