REG - Gulf Marine Services - Results of General Meeting

Gulf Marine ServicesAnnouncement

19/10/2022 15:15

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RNS Number : 4543D  Gulf Marine Services PLC  19 October 2022

 FOR IMMEDIATE RELEASE  19 October 2022

 

Gulf Marine Services PLC

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

 

Results of General Meeting

 

The General Meeting of Gulf Marine Services PLC was held on Wednesday, 19
October 2022.

 

The General Meeting was convened to consider the resolution required in order
to satisfy certain obligations of the Company under the terms of the 2021
Master Amendment Agreement, further details of which were set out in the
Circular to the Company's shareholders dated 28(th) September 2022. The
resolution was voted on by way of a poll and was passed by the requisite
majority of shareholders. The results of the poll are shown in the table below
and will shortly be available on the Company's website, www.gmsplc.com
(http://www.gmsplc.com) .

 

 Resolution                                                         Votes in Favour  %        Votes     %      Total Votes                  Votes Withheld(1)

                (excluding votes withheld)
                                                                                              Against
 To authorise the Directors to allot shares (s551 of the Companies  423,531,463      100.00%  8,153     0.00%  423,539,616                  42,615

 Act 2006).

Notes:

1)             A vote "Withheld" is not a vote in law and is not
counted in the calculation of the votes "For" or "Against" a resolution.

2)             As at today's date, the Company has a total of
1,016,414,582 ordinary shares of 2 pence each in issue. Ordinary shareholders
are entitled to one vote per ordinary share held. No shares are held in
treasury.

 

The Circular to shareholders including the notice of the General Meeting
incorporating the full text of the resolution can be found on the Company's
website at www.gmsplc.com (http://www.gmsplc.com) .

 

In accordance with LR 9.6.2R, a copy of the resolution passed at the General
Meeting has also been submitted to the National Storage Mechanism and will
shortly be available for inspection at:
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
(https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism)
.

 

 

 Enquiries:

 GMS

 Mansour Al Alami, Executive Chairman      +44 (0) 207 603 1515

 Celicourt Communications                  +44 (0) 208 434 2643

 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, with an
average age of eight years. 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 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

 

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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