REG - Gulf Marine Services - PUBLIC OPENING POSITION DISCLOSURE

Gulf Marine ServicesAnnouncement

12/05/2020 15:00

RNS Number : 6759M
  
Gulf Marine Services PLC
  
12 May 2020
  
 

FORM 8 (OPD)
 
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
 
1.         KEY INFORMATION
 



(a) Full name of discloser:


Gulf Marine Services PLC




(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
     The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.


N/A




(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
     Use a separate form for each offeror/offeree


Gulf Marine Services PLC




(d) Is the discloser the offeror or the offeree?


OFFEREE




(e) Date position held:
     The latest practicable date prior to the disclosure


11 May 2020




(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
     If it is a cash offer or possible cash offer, state "N/A"


N/A
 



 
2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
 
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
 
(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates 
 



Class of relevant security:
 


Ordinary shares of 10 pence each




 
 


Interests


Short positions




Number


%


Number


%




(1) Relevant securities owned and/or controlled:


Nil


0


Nil


0




(2) Cash-settled derivatives:
 


Nil


0


Nil


0




(3) Stock-settled derivatives (including options) and agreements to purchase/sell:


Nil


0


Nil


0




 
     TOTAL:


Nil


0


Nil


0



 
All interests and all short positions should be disclosed.
 
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
 
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
 
(b)        Rights to subscribe for new securities 
 



Class of relevant security in relation to which subscription right exists:


None




Details, including nature of the rights concerned and relevant percentages:


None



 
 
3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
 



Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:




 
3(a) Shares held by directors (and their close relatives) of Gulf Marine Services Plc
 
 



Director


Number of Gulf Marine Services Plc shares


Percentage of issued share capital (%)




Timothy Summers


0


0




David Blewden


0


0




Mohammed Bississo*


8,949


0.003




Shona Macfarlane Grant 


0


0




Stephen Kersley


0


0




Michael Turner


0


0



 
* The shares in which Mohammed Bississo has an interest are held by his spouse, Sara Alom Ruiz, who is the beneficial owner of 8,949 shares. The registered holder of these shares is Abu Dhabi Commercial Bank. 
 
3(b) Directors' right to subscribe to Gulf Marine Services Plc shares
 
LTIP
 



Director


Number of Gulf Marine Services Plc shares


Date Granted


Vesting Date*


Exercise Period


Exercise Price




Stephen Kersley


1,025,333


15 November 2019


15 November 2022


N/A


N/A



 
* The vesting of these conditional share awards is subject to satisfaction of certain performance conditions and a subsequent two year holding period. 
 



 
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
 
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
 
4.         OTHER INFORMATION
 
(a)        Indemnity and other dealing arrangements
 



Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"




 
None
 



 
(b)       Agreements, arrangements or understandings relating to options or derivatives
 



Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:
(i)  the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"




 
None 



 
(c)        Attachments
 
Are any Supplemental Forms attached?
 



Supplemental Form 8 (Open Positions)


NO




Supplemental Form 8 (SBL)


NO



 
 



Date of disclosure:


12 May 2020




Contact name:


Tony Hunter, Company Secretary




Telephone number:


+44 20 7603 1515



 
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
 
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
 
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
 
 
 


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