Gulf Marine Services PLC Results of Requisitioned GM held on 25 Nov 2020 (5075G)
25 November 2020 - 11:58PM
UK Regulatory
TIDMGMS
RNS Number : 5075G
Gulf Marine Services PLC
25 November 2020
FOR IMMEDIATE RELEASE 25 November 2020
Gulf Marine Services PLC
('GMS' or the 'Company')
Results of Requisitioned General Meeting held on 25 November
2020
The Company announces that at its general meeting requisitioned
by Seafox International Limited ("Seafox") held today (the
"Requisitioned General Meeting"), the resolution put to
Shareholders (the "Resolution") was duly passed on a poll. The
results of the poll are reported below.
Full details of the Resolution, together with explanatory notes,
are set out in the Company's Circular to Shareholders including the
Notice of General Meeting dated 28 October 2020 which is available
on the Company's website at www.gmsuae.com .
The Resolution was proposed as an ordinary resolution.
Resolution For % Against % Withheld(1) Total Votes
(excluding
votes withheld)
1. To appoint
Hassan Heikal
as a director
of the Company 170,627,906 57.51 126,060,387 42.49 108,052 296,688,293
------------ ------ ------------ ------ ------------ -----------------
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. The Company's total ordinary shares in issue (and total
voting rights) as at 25 November 2020 is 350,487,787 ordinary
shares of 10 pence each. Ordinary shareholders are entitled to one
vote per ordinary share held. No shares were held in treasury at
that date. The votes cast, together with votes withheld, amount to
84.68 % of the total issued share capital.
The Company confirms the appointment of Hassan Heikal to the
Board with effect from today. There are no additional matters
requiring disclosure under Rule 9.6.13R of the Listing Rules..
In accordance with paragraph 4 of the UK Corporate Governance
Code, the Board will publish an update on views received from
shareholders, and actions taken, within six months of the General
Meeting, and a final summary together with any further steps in the
next annual report.
In accordance with LR 9.6.2R, copies of the resolution passed at
the General Meeting have 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
.
Enquiries:
GMS
Mansour Al Alami (Chairman) +44 (0) 20 7603 1515
ABOUT GMS
GMS, 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 and Saudi Arabia. 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.
The Company's Legal Entity Identifier is
213800IGS2QE89SAJF77.
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END
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