REG - Gulf Marine Services - Director/PDMR Shareholding

Gulf Marine ServicesAnnouncement

18/12/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241218:nRSR4658Qa&default-theme=true

RNS Number : 4658Q  Gulf Marine Services PLC  18 December 2024

     18 December 2024

 

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 17 December 2024 that Charbel El Khoury, a Non-Executive Director of the Company, that day purchased 13,455 Gulf Marine Services plc ordinary shares ("Shares") at a purchase price of £0.1525 per Share. The Shares were purchased on the open market.
 

Following this purchase, Charbel El Khoury holds 13,455 Shares, representing
0.0013% 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 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.

 

     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)

                                                            £0.1525   13,455

     Aggregated information

      - Aggregated volume                                         13,455

                                                                  £2,051.89

     - Price

     Date of the transaction                                      17/12/2024
     Place of the transaction                                     London Stock Exchange, XLON

Aggregated information

 - Aggregated volume

 

- Price

 

 

13,455

£2,051.89

Date of the transaction

17/12/2024

Place of the transaction

London Stock Exchange, XLON

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHBLBDDSXBDGSR