REG - Gulf Marine Services - General Meeting

Gulf Marine ServicesAnnouncement

14/05/2025 12:45

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RNS Number : 6791I  Gulf Marine Services PLC  14 May 2025

 

 

Gulf Marine Services PLC

14 May 2025

 

This announcement contains inside information and is provided in accordance
with the requirements of Article 17 of the Market Abuse Regulation (EU) No.
596/2014 (as it forms part of UK law by virtue of the European Union
(Withdrawal) Act 2018, as amended).

 

Gulf Marine Services PLC

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

Request to Call a General Meeting

 

Gulf Marine Services (GMS), a leading provider of self-propelled,
self-elevating support vessels to the offshore energy industry, announces that
it has today received a request to convene a general meeting, proposing
certain changes to the Board and the payment of a dividend. The Company
understands that the request has been shared with certain other shareholders
of the Company.

 

The Company is seeking legal advice as to the validity of the request and a
further announcement will be made in due course. Shareholders are advised to
take no action in relation to this matter at this time. This matter does not
affect the proposals submitted to shareholders for approval at the Company's
Annual General Meeting to be held on 29 May 2025.

 

- Ends -

 

 Enquiries:

Gulf Marine Services PLC

 Mansour Al Alami

                          Tel: +44 (0)20 7603 1515
 Executive Chairman

 Alex Aclimandos

 Chief Financial Officer

 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 offshore energy industries from its offices in the United Arab
Emirates, Saudi Arabia, Qatar and the United Kingdom. The Group's assets are
capable of serving clients' requirements across the globe, including those in
the Middle East, Europe, South East Asia, West Africa, North and South
America, and the Gulf of Mexico.

 

The GMS fleet of 14 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

MAR

 

This announcement contains inside information and is provided in accordance
with the requirements of Article 17 of the Market Abuse Regulation (EU) No.
596/2014 (as it forms part of UK law by virtue of the European Union
(Withdrawal) Act 2018, as amended).  Upon the publication of this
announcement via a Regulatory Information Service, this inside information
will be considered to be in the public domain.

 

The person responsible for arranging for the release of this announcement on
behalf of GMS is Tony Hunter, Company Secretary.

 

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.

 

Cautionary Statement

This announcement includes statements that are forward‐looking in nature.
All statements other than statements of historical fact are capable of
interpretation as forward‐looking statements. These statements may
generally, but not always, be identified by the use of words such as 'will',
'should', 'could', 'estimate', 'goals', 'outlook', 'probably', 'project',
'risks', 'schedule', 'seek', 'target', 'expects', 'is expected to', 'aims',
'may', 'objective', 'is likely to', 'intends', 'believes', 'anticipates',
'plans', 'we see' or similar expressions. By their nature these
forward‐looking statements involve numerous assumptions, risks and
uncertainties, both general and specific, as they relate to events and depend
on circumstances that might occur in the future.

 

Accordingly, the actual results, operations, performance or achievements of
the Company and its subsidiaries may be materially different from any future
results, operations, performance or achievements expressed or implied by such
forward‐looking statements, due to known and unknown risks, uncertainties
and other factors. Neither Gulf Marine Services PLC nor any of its
subsidiaries undertake any obligation to publicly update or revise any
forward‐looking statement as a result of new information, future events or
other information. No part of this announcement constitutes, or shall be taken
to constitute, an invitation or inducement to invest the Company or any other
entity and must not be relied upon in any way in connection with any
investment decision. All written and oral forward‐looking statements
attributable to the Company or to persons acting on the Company's behalf are
expressly qualified in their entirety by the cautionary statements referred to
above.

 

 

 

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