REG - Gulf Marine Services - Director/PDMR Shareholding

Gulf Marine ServicesAnnouncement

10/02/2023 07:30

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RNS Number : 4981P  Gulf Marine Services PLC  10 February 2023

 FOR IMMEDIATE RELEASE  10 February 2023

 

Gulf Marine Services PLC

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

 

DIRECTORS/PDMR SHAREHOLDINGS

Share Dealing by a Director

 

The Company was notified on 9 February 2023 that, on 8 February 2023, Charbel El Khoury, a Non-Executive Director of the Company, purchased 500,000 Gulf Marine Services plc ordinary shares ("Shares") at a purchase price of £0.0455 per Share; and on 9 February 2023, Charbel El Khoury sold 51,464 Shares at the same price. The Shares were traded on the open market.
 

Following these transactions, Charbel El Khoury holds 448,536 Shares,
representing 0.044% 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. 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 categorized 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                                                         CHARBEL EL KHOURY
     Reason for the notification
     Position/status                                              NON-EXECUTIVE DIRECTOR
     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)

                                                            £0.0455   500,000

     Aggregated information

      - Aggregated volume                                         500,000

                                                                  £22,750.00

     - Price

     Date of the transaction                                      08/02/2023
     Place of the transaction                                     London Stock Exchange, XLON

Aggregated information

 - Aggregated volume

 

- Price

 

 

500,000

£22,750.00

Date of the transaction

08/02/2023

Place of the transaction

London Stock Exchange, XLON

 

 

     Details of the person discharging managerial responsibilities
     Name                                                         CHARBEL EL KHOURY
     Reason for the notification
     Position/status                                              NON-EXECUTIVE DIRECTOR
     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                                    Sale of shares

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

                                                            £0.0455   51,464

     Aggregated information

      - Aggregated volume                                         51,464

                                                                  £2,341.61

     - Price

     Date of the transaction                                      09/02/2023
     Place of the transaction                                     London Stock Exchange, XLON

Aggregated information

 - Aggregated volume

 

- Price

 

 

51,464

£2,341.61

Date of the transaction

09/02/2023

Place of the transaction

London Stock Exchange, XLON

 

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