REG - Gulf Marine Services - Block Listing

Gulf Marine ServicesAnnouncement

08/11/2024 11:00

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RNS Number : 5221L  Gulf Marine Services PLC  08 November 2024

 FOR IMMEDIATE RELEASE   8 November 2024

 

 

Gulf Marine Services PLC

(the "Company")

 

Block Listing Six Monthly Return

 

Gulf Marine Services PLC, as required by the rules of the Financial Conduct
Authority, notifies the following routine information regarding the Company's
existing block listing arrangements in connection with warrants previously
issued by the Company:

 Name of applicant:                                                                Gulf Marine Services PLC
 Name of scheme:
 Period of return:                        From:                                    9 May 2024     To:            8 November 2024
 Balance of unallotted securities under scheme(s) from previous return:            137,075,773 ordinary shares of £0.02
 Plus:  The amount by which the block scheme(s) has been increased since the       -
 date of the last return (if any increase has been applied for):
 Less:  Number of securities issued/allotted under scheme(s) during period
 (see UKLR 20.6.7G):

                                                                                   53,531,734 ordinary shares of £0.02
 Equals:  Balance under scheme(s) not yet issued/allotted at end of period:        83,544,039 ordinary shares of £0.02

 

- Ends -

 

 Enquiries:                 +44 (0) 207 603 1515

 Gulf Marine Services PLC

 Mansour Al Alami

 Executive Chairman

 Alex Aclimandos

 Chief Financial Officer

 Celicourt Communications   +44 (0)20 8434 2643

 Mark Antelme

 Philip Dennis

 

Notes to Editors:

 

Gulf Marine Services PLC, a company listed on the London Stock Exchange, was
founded in Abu Dhabi in 1977 and has become a world-leading provider of
advanced self-propelled self-elevating support vessels (SESVs). The fleet
serves the offshore energy industries from its offices in the United Arab
Emirates, Saudi Arabia, and Qatar. The Group's assets are capable of serving
clients' requirements across the globe, including those in the Middle East,
South East Asia, West Africa, North America, the Gulf of Mexico, and Europe.

 

The GMS fleet of 13 SESVs is amongst the youngest in the industry. The vessels
support GMS's clients in a broad range of offshore platform refurbishment and
maintenance activities, well intervention work, and offshore wind turbine
maintenance work (which are opex-led activities), as well as offshore platform
installation and decommissioning and offshore wind turbine installation (which
are capex-led activities).

 

The SESVs are categorised by size - K-Class (Small), S-Class (Mid), and
E-Class (Large) - with these capable of operating in water depths of 45m to
80m depending on leg length. The vessels are four-legged and are
self-propelled, which means they do not require tugs or similar support
vessels for moves between locations in the field; this makes them
significantly more cost-effective and time-efficient than conventional
offshore support vessels without self-propulsion. They have a large deck
space, crane capacity, and accommodation facilities (for up to 300 people)
that can be adapted to the requirements of the Group's clients.

 

Gulf Marine Services PLC's Legal Entity Identifier is 213800IGS2QE89SAJF77

www.gmsplc.com (http://www.gmsplc.com)

Disclaimer

The content of the Gulf Marine Services PLC website should not be considered
to form a part of or be incorporated into this announcement.

 

 

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