2019 Calendar of events
- The major shareholder of HMS Group, H.M.S. Technologies Limited, transferred 2,000,000 (two million) ordinary shares in HMS HYDRAULIC MACHINES & SYSTEMS GROUP PLC comprising 1.7070 percent of the total number of shares in its share capital to JSC HMS Holding, the subsidiary undertaking of H.M.S. Technologies Limited, in the form of the shareholder’s asset contribution for nil consideration. This transaction was completed as part of the ongoing restructuring of the core shareholders’ shareholding in the Company and does not lead to any change in their effective interest in the Company
- Apollo Goessnitz GmbH participated in the Egypt Petroleum Show that took place within February 11–13 in Egypt International Exhibition Center (Cairo). At the exhibition the company exposed models of the pumping equipment product line for oil and gas upstream, midstream and downstream. All the equipment is compliant with widely recognized industry standards and highly esteemed by the customers for reliability and great operating performance.
Apollo Goessnitz presented the following equipment:
- KRH/KRHA series overhang radially split process pumps (type OH2, API610) that features low operational costs and ease of maintenance due to back pull-out design with de-mountable coupling and retrofittable runners;
- AMG series between bearing axially split process pumps (type BB3, API610) featuring high reliability low vibration due to back to back impellers design;
- TL/TG series barrel multistage radially split process pumps (type BB5, API610) with cartridge pull-out that enables changeover of inner case on-site without dismantling the outer case.
- HMS Group repurchased 1,200 of its global depositary receipts representing 0.01 percent of the Company’s issued share capital during the period from February 4, 2019 up to and including February 8, 2019. Since the start of the programme, the Company has repurchased 1,144,769 GDRs in total (representing 4.89 percent of its issued share capital).
- Two centrifugal compressor systems made by KKM successfully passed the acceptance tests and were placed in the pilot operation at a booster compression station of the Beregovoe gas and condensate field (NOVATEK). The double-casting compressor system with a unit capacity of 138,460 Nm3/h and discharge pressure of 10.6 MPa compresses formation gas and supply it into the main gas pipeline. Each compressor system in a block-container design is driven by a 4,000 kW gas turbine engine. The compressors are equipped with the dry gas seals and the automation system with remote control
- The major shareholder of HMS Group, H.M.S. Technologies Limited (“HMST”) registered at Cyprus, transferred its entire shareholding in the Company to JSC HMS Holding (“HMS Holding”), registered at Russia, the subsidiary undertaking of HMST, via the following transactions:
- HMST transferred 67,159,421 ordinary shares in the Company (comprising 57.32 percent of the Company’s issued share capital) to HMS Holding in the form of the shareholder’s asset contribution for nil consideration;
- HMST transferred 2,924,207 global depositary receipts issued under the Company’s depositary receipts program (“GDRs”) (representing 14,621,035 shares in the Company and comprising 12.28 percent of the Company’s issued share capital) to HMS Holding in exchange for additionally issued shares in HMS Holding.
As a result of this restructuring:
- HMS Holding became a direct holder of 69,159,421 ordinary shares in the Company and 2,924,207 GDRs comprising in aggregate 71.51 percent of the Company’s issued share capital; and
- HMST remains the sole voting shareholder of HMS Holding retaining control over the majority shareholding in the Company, and consequently none of the transactions made as a part of the restructuring triggers an obligation of the Company, HMST or HMS Holding to make any mandatory offer to the GDR holders.
This restructuring of the core shareholders’ shareholding in the Company did not lead to any change in corporate governance or corporate control of the Company. All applicable regulatory approvals have been obtained in connection with this restructuring.
- HMS Group repurchased 59,380 of its global depositary receipts representing 0.55 percent of the Company’s issued share capital during the period. Since the start of the programme, the Company has repurchased 1,204,149 GDRs in total (representing 5.14 percent of its issued share capital).
- One of HMS’ managers acquired 14,500 of HMS Group’s GDRs using his own funds
- Three screw compressor systems made by KKM were placed in pilot operation as part of a new associated petroleum gas (APG) compressor station at the preliminary water knock-off unit No. 34 (Bashneft-Dobycha) under the target program of APG utilization increase implemented by ANK Bashneft. The TAKAT compressor systems with a unit capacity of 2,329 Nm³/h and discharge pressure of 7 bar are based on single-stage oil-injected screw compressors with a common lube oil system. The systems have block-container design and equipped with 200 kW electric motors as well as automation system operated from a separate room. These systems were designed and manufactured in accordance with the requirements of international (API 619) standards
- HMS Group participated in the 23rd International Exhibition of machines and equipment for mining, processing and transportation of minerals MiningWorld Russia 2019. The HMS Group exposition featured the pumping equipment for the main processes of the mining industry, including a new HDP series slurry pumps with capacity up to 8,000 m3/h and head up to 100 m for abrasive hydraulic mixtures with solids content up to 200 mm. The exposition also included the samples of the new advanced pump series:
- DeLium – new generation double suction pump for process water circulation systems
- VVN water-ring vacuum pump for steam-gas mixtures removal in the ore processing
- Sidus submersible drainage pump for transfer of liquids with a high content of solid particles
- 2NK overhung pump for chemical solutions supply in the ore dressing process
- HMS Group repurchased 133 of its GDRs. Since the start of the buyback programme, the Company has repurchased 1,204,282 GDRs in total (representing 5.14 percent of its issued share capital)
- One of HMS’ managers acquired 975 of HMS Global depositary receipts using his own funds
- HMS Group signed two contracts to deliver gas transportation units worth Rub 4 billion. The manufactured equipment is to be delivered by the end of 2019
- KKM completed testing of the main gas compression system manufactured for NOVATEK’s “Arctic Cascade” liquefied natural gas (LNG) production technology. The system was designed to operate in the natural gas liquefaction complex of the 4th stage of Yamal LNG project. The integrated compressor unit consisting of three centrifugal compressors designed to handle three process gases (methane, nitrogen and ethane). All three compressors are driven by a single Russian-made 25 MW gas turbine through a multi-shaft gearbox with one input and three output shafts. One of the compressors is designed as a multi-shaft unit of five compression stages
- Fitch Ratings affirmed JSC HMS Group’s Foreign- and Local-Currency Issuer Default Ratings (IDR)s of “B+”, the outlook “Stable”. The full text of Fitch’s press release is available on the agency’s website https://www.fitchratings.com/site/pr/10084287
- HMS signed a contract to engineer and procure compressors and complementary equipment worth Rub 1.7 billion to a compressor station. The manufactured equipment will be delivered in 2020.
- HMS signed a contract to engineer and procure gas transportation units worth Rub 3 billion to a gas booster station. The manufactured equipment will be delivered in 2020.
- HMS signed a contract to engineer and procure gas transportation units worth Rub 2.3 billion for an oil & gas condensate field. The manufactured equipment will be delivered in 2020
- HMS signed Euro 16 million contract to engineer and procure compressors for an oil processing plant in Russia. The manufactured equipment will be delivered by the end of 2020
- HMS signed two contracts to engineer and procure nuclear pumps and pump-based solutions worth a total Rub 1.9 billion. The manufactured equipment will be delivered in 2021-2022
- HMS signed two contracts to engineer and procure oil & gas equipment worth a total Rub 1 billion. The manufactured equipment will be delivered in 1H 2020
- HMS Group refinanced a number of credits worth a total Rub 5 billion with payment due in 2020-2021, shifting repayment dates to the 2022 year. Average interest rate of refinanced credits was decreased on 0.21 percent pa
- HMS signed a contract to engineer and manufacture gas transportation units worth Rub 6.1 billion. The equipment is to be delivered in 2021.
The company and PAO NOVATEK signed the Memorandum on Strategic Partnership, which aims the further development of mutual cooperation in a field of design and manufacture of first-of-its-kind-in-Russia equipment for LNG projects. The Memorandum set the general principles and main directions of mutually beneficial cooperation. It composes the long-term intention of the Parties to pursue a wide-scale cooperation to localize the manufacturing of compressors, pumps and other equipment for NOVATEK’s LNG projects.
Taking into account a successful experience of cooperation between HMS Group and NOVATEK on design and manufacture of the key compressor-based equipment under the “Arctic cascade” technology (home-grown technology of natural-gas liquefaction, which was developed by NOVATEK), the Parties fixed their mutual interest in cooperative development of new types of high-performance equipment for natural-gas liquefaction as well as further localization of equipment for large-capacity LNG projects and their raw-material base.
Prioritized directions of cooperation, fixed in the Memorandum, comprise design, manufacture and testing of hi-tech pumping and compressor equipment, including submersible cryogenic LNG-unloading pumps, as well as column, heat-exchanging and vessel equipment for natural-gas treatment and liquefaction units.
- The Group signed Rub 2 billion contract to deliver gas transportations units
- HMS signed a Rub 1.4 billion follow-up contract to a recently signed Rub 3 billion compressor contract. The manufactured equipment will be delivered in 2020
- KKM produced and delivered a centrifugal compressor system with a capacity of up to 1 Mtpa for a LNG complex in Sabetta (Yamal-LNG, NOVATEK)