OREANDA-NEWS. HMS Hydraulic Machines & Systems Group PLC (LSE: HMSG) announces that it has purchased 1,187,681 of ordinary shares of the Company representing 1.01% of its issued share capital with an average price of USD 3.66 per GDR. The GDRs were repurchased under the Company’s Share Buyback Program approved by the Company’s Shareholders General Meeting on May 21st, 2012.

The buyback program in respect of Global Depositary Receipts ("GDRs"), each representing one ordinary share of the Company was approved for execution during the period from May 23rd, 2012 to May 23rd 2015, unless terminated earlier by the Company, on the London Stock Exchange at prevailing market prices.

Execution of the Company's buyback program is ongoing, with completion of the remaining amounts to be utilized under its previously announced terms. The amount and timing of the planned repurchases will be determined by the Company based on its evaluation of its financial condition, business opportunities and market conditions at the time.