As of December 31, 2020, HMS Hydraulic Machines & Systems Group Plc had an issued share capital of Euro 1,171,634.27 divided into 117,163,427 ordinary shares with par value of Euro 0.01 per share, and these shares are not traded.
Currently there are 6,676,593 depositary receipts outstanding in the GDR program.
Long Term Incentive Plant
During 2020, the Group’s Executive Directors and PDMRs acquired an interest over the Company's GDRs following the grant of awards under the Company's LTIP for the 2017 and 2018 award years. The awards were the part of a grant of GDRs to the company's managers as a motivational package under the LTIP.
Since the start of the LTIP, the total amount of GDRs awarded to its participants has equaled to 4.81% of the company's issued share capital.
|Fitch Ratings||Expert RA|
|HMS Credit Rating / Outlook||B+ / Stable||ruA / Stable|
|Date of Rating /
Date of Confirmation
|22 Feb 2017 / 27 July 2020||11 July 2017 / 27 July 2020|
HMS Group’s GDRs performance in 2020, the London Stock Exchange
Price of HMS Group’s GDRs
|Period||Min, US$||Max, US$||GDR price at the end|
of the period, US$
|Market capitalization at the
end of the period, US$ mn
As a general rule, the company targets to pay our total dividends for a given reporting period in the region of 50% of the “Profit attributable to Shareholders of the Company” for the year, as set out in its IFRS Consolidated Financial Statements, subject to capital constraints such as Debt and Liquidity position and forecast. HMS also plans to pay out dividends basically twice a year (interim and final). Dividends are announced per 1 ordinary share.
For the periods ended in 2019, HMS Group paid Rub 3.41 total dividends per 1 ordinary share (Rub 17.05 per 1 GDR).
History of dividend payments
announced, Rub mn
|Record Date||Payment Date|
HMS Group started its buyback program in 2012. The main objectives of the program’s implementation were an intention to maximize shareholder value as well as a reduction of the effect of external shocks on GDR’s price.
Buyback period is 1 year, and the renewal of the program should be approved by the Annual General Meeting of Shareholders.
The total amount of GDRs subject to the Buyback (taking into account any GDRs already owned by the Company) shall not exceed 6% of the subscribed capital of the Company at prevailing market prices.
The GDRs are purchased by the Company with the assistance of Renaissance Capital or any other independent broker as may be further determined by the Board of Directors.
The amount and timing of the planned repurchases is determined by the Company based on its evaluation of its financial condition, business opportunities and market conditions at the time, in accordance with market practices.
The Company’ shares are now held by JSC HMS Holding, though HMS Technologies remains the ultimate controlling parent as the sole shareholder of JSC HMS Holding.
Shareholding by holders,
as of 31.12.2020
Shareholders by legal entities,
as of 31.12.2020
Information on HMS Group Plc GDRs
|Company Name||HMS HYDRAULIC MACHINES & SYSTEMS GROUP PLC|
|Managing Director (CEO)||Artem Molchanov|
|First Deputy CEO (CFO)||Kirill Molchanov|
|Exchange||London Stock Exchange|
|Ratio, GDR: common shares||1:5|
|Ordinary shares (share capital)||117,163,427|
|Local exchange||Not traded|
|Despositary bank||BNY Mellon|