OREANDA-NEWS. October 06, 2015. HMS Hydraulic Machines & Systems Group PLC (LSE: HMSG) announces that the Company’s Board of Directors held an ordinary meeting (the “Meeting”) at the Company’s registered address in Limassol, Cyprus on September 30, 2015. All of the Company’s seven Directors were present at the Meeting.

The following significant matters were considered, discussed and approved at the Meeting:

1. The Audit Committee Report;

2. Six months 2015 IFRS Consolidated Financial Statements and Amendments to 2015 Financial Plan (budget);

3. Chief Executive Officer, Mr. Artem Molchanov, has been agreed to extension of his employment agreement. Mr. Artem Molchanov’s employment agreement was approved to be extended for further four years till May 31, 2019.