April 24, 2018 / 2:09 PM / 5 months ago

BRIEF-HMS Group Recommends Dividend For 2017 Of RUB 6.83 Per Share

April 24 (Reuters) - HMS Hydraulic Machines & Systems Group PLC:

* SAYS RECOMMENDS DIVIDEND FOR 2017 OF RUB 6.83 PER ORDINARY SHARE

* SAYS COMPANY’S LONG-TERM DIVIDENDS POLICY STAYS UNCHANGED - HMS TARGETS TO PAY OUT TOTAL DIVIDENDS IN REGION OF 50 PERCENT

* SAYS TO EXTEND BUYBACK PROGRAM ( “BUYBACK”) IN RESPECT OF COMPANY’S GLOBAL DEPOSITARY RECEIPTS (“GDRS”)

* SAYS TOTAL AMOUNT OF GDRS SUBJECT TO BUYBACK (TAKING INTO ACCOUNT ANY GDRS ALREADY ACQUIRED BY COMPANY) SHALL NOT EXCEED 6% OF SUBSCRIBED CAPITAL OF COMPANY Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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