Seafox International Limited Statement re Gulf Marine Services PLC - Rule 2.8 (2236O)
28 May 2020 - 10:30PM
UK Regulatory
TIDMGMS
RNS Number : 2236O
Seafox International Limited
28 May 2020
PRESS RELEASE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY
CODE ON TAKEOVERS AND MERGERS (THE "CODE")
FOR IMMEDIATE RELEASE 28(th) May 2020
Seafox International Limited
("Seafox" or the "Company")
Statement regarding Gulf Marine Services PLC ("GMS")
Further to Seafox's announcement on 30 April 2020 regarding a
possible offer for GMS, after careful consideration, Seafox
confirms that it does not intend to make an offer for GMS pursuant
to Rule 2.7 of the Code.
For the purposes of Rule 2.8 of the Code, Seafox, and any
person(s) acting in concert with it, reserve the right to make or
participate in an offer or possible offer for GMS (and/or take any
other action which would otherwise be restricted under Rule 2.8 of
the Code) within 6 months of the date of this announcement:
(a) with the agreement of the board of GMS;
(b) following the announcement of a firm intention to make an
offer for GMS by a third party;
(c) following the announcement by GMS of a "whitewash" proposal
(for the purposes of Note 1 of the Notes on Dispensations from Rule
9 of the Code) or a reverse takeover; or
(d) if there has been a material change of circumstances (as
determined by the Panel on Takeovers and Mergers).
Enquiries:
Perella Weinberg UK Limited (Financial adviser
to Seafox)
Matthew Smith +44 207 268 2800
About Seafox
Seafox is a leading global offshore jack-up company, providing
services to support the oil & gas and renewable industry.
Seafox owns and exclusively manages eleven self-elevating jack-up
units. Seafox's customers benefit from its wealth of experience in
accommodation & crane support, well testing & workover,
transport & installation and decommissioning. Furthermore,
Seafox offers temporary accommodation units for offshore locations
and on board vessels.
Website publication
In accordance with Rule 26.1 of the Code, a copy of this
announcement will be published on the Company's website at
www.Seafox.com promptly and by no later than 12 noon (London time)
on the business day following this announcement. The content of
this website is not incorporated in, and does not form part of,
this announcement .
Important information
Perella Weinberg UK Limited which is authorised and regulated by
the FCA in the UK, is acting exclusively for Seafox and no one else
in connection with the Acquisition and will not be responsible to
anyone other than Seafox for providing the protections afforded to
its clients or for providing advice in relation to the Acquisition
or any other matters referred to in this Announcement.
Additional Information
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities, or the solicitation of any
vote or approval in any jurisdiction, pursuant to this announcement
or otherwise.
The release, publication or distribution of this announcement in
whole or in part, directly or indirectly, in, into or from certain
jurisdictions other than the United Kingdom and the availability of
any offer to persons who are not resident in the United Kingdom may
be affected by the laws of such jurisdictions . Therefore any
persons who are subject to the laws of any jurisdiction other than
the United K ingdom or who are not resident in the United Kingdom
will need to inform themselves about, and observe, any applicable
requirements.
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 or visit www.rns.com.
END
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