REG - Gulf Marine Services - Director/PDMR Shareholding

Gulf Marine ServicesAnnouncement

25/01/2022 07:05

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RNS Number : 4417Z  Gulf Marine Services PLC  25 January 2022

 FOR IMMEDIATE RELEASE  25 January 2022

 

Gulf Marine Services PLC

('Gulf Marine Services', 'GMS', the 'Company' or the 'Group')

 

DIRECTORS/PDMR SHAREHOLDINGS

Share Purchase by a Director

 

The Company was notified on 24 January 2022 that on the same day, Mansour Al Alami, the Executive Chairman of the Company, purchased 191,000 Gulf Marine Services plc ordinary shares ("Shares") at an average purchase price of £0.06 per Share. The Shares were purchased on the open market.
 

Following this transaction, Mansour Al Alami holds 2,393,000 Shares,
representing 0.23% of the issued share capital of the Company.

 

Enquiries:

 Gulf Marine Services PLC       Tel: +44 (0)20 7603 1515

 Mansour Al Alami

 Executive Chairman

 Celicourt Communications       Tel: +44 (0) 20 8434 2754

 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 oil, gas and renewable 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, with an
average age of eight years. The vessels support GMS's clients in a broad range
of offshore oil and gas platform refurbishment and maintenance activities,
well intervention work and offshore wind turbine maintenance work (which are
opex-led activities), as well as offshore oil and gas 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.

 

   Details of the person discharging managerial responsibilities
   Name                                                         MANSOUR AL ALAMI
   Reason for the notification
   Position/status                                              EXECUTIVE CHAIRMAN
   Initial notification /Amendment                              INITIAL NOTIFICATION
   Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
   Name                                                         GULF MARINE SERVICES PLC
   LEI                                                          213800IGS2QE89SAJF77
   Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
   Description of the financial instrument, type of instrument  ORDINARY SHARES OF £0.02 EACH

   Identification code

                                                                GB00BJVWTM27
   Nature of the transaction                                    Acquisition of shares

   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            £0.0608   80000
                                                                £0.0606   36000
                                                                £0.0588   75000
   Aggregated information

    - Aggregated volume                                         191000

                                                                £11,455.60

   - Price

   Date of the transaction                                      24/01/2022
   Place of the transaction                                     London Stock Exchange, XLON

Aggregated information

 - Aggregated volume

 

- Price

 

 

191000

£11,455.60

Date of the transaction

24/01/2022

Place of the transaction

London Stock Exchange, XLON

 

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