REG - Gulf Marine Services - Directorate Change

Gulf Marine ServicesAnnouncement

04/08/2023 07:00

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RNS Number : 2705I  Gulf Marine Services PLC  04 August 2023

 FOR IMMEDIATE RELEASE  4 August 2023

 

Gulf Marine Services PLC

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

 

DIRECTORATE CHANGE

Rashed Al Jarwan Stepping down from the Board

 

Rashed Al Jarwan, a Non-Executive Director of the Company since 2020, has
today notified that for personal reasons he is retiring from the Board with
immediate effect. The Board will miss his presence and records its
appreciation for his substantial input to the Company over the past three
years.

Lord Anthony St John of Bletso, another non-executive Director of the Company,
has been appointed as Senior Independent Director with immediate effect. The
Board intends to appoint an additional non-executive Director in due course.

Mansour Al Alami, Chairman, commented "On behalf of the whole Board, I would
like to thank Rashed for his substantial contribution to the Company over the
past three years helping guide the Group through its turnaround. Rashed leaves
the Board with our best wishes for the future."

Enquiries:

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

 Mansour Al Alami

 Executive Chairman

 Celicourt Communications                       Tel: +44 (0) 20 7770 6424

 Mark Antelme / Philip Dennis / Ali AlQahtani

 

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.

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