Gulf Marine Services PLC Director/PDMR Shareholding (2933A)
01 February 2022 - 7:08PM
UK Regulatory
TIDMGMS
RNS Number : 2933A
Gulf Marine Services PLC
01 February 2022
1 February 2022
Gulf Marine Services PLC
('Gulf Marine Services', 'GMS', 'the Company' or 'the
Group')
DIRECTORS/PDMR SHAREHOLDINGS
Share Purchase by a Director
The Company was notified on 31 January 2022 that on the same
day, Mansour Al Alami, the Executive Chairman of the Company,
purchased 178,000 Gulf Marine Services plc ordinary shares
("Shares") at a purchase price of GBP0.056 per Share. The Shares
were purchased on the open market.
Following this transaction, Mansour Al Alami holds 2,571,000
Shares, representing 0.25% of the issued share capital of the
Company.
-ENDS-
Enquiries: Tel: +44 (0)20 7603
1515
Gulf Marine Services
PLC
Mansour Al Alami
Executive Chairman
Celicourt Communications Tel: +44 (0) 208
Mark Antelme 434 2643
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.
Details of the person discharging managerial responsibilities
Name MANSOUR AL ALAMI
----------------------------------------- ----------------------------
Reason for the notification
-----------------------------------------------------------------------
Position/status EXECUTIVE CHAIRMAN
----------------------------------------- ----------------------------
Initial notification /Amendment INITIAL NOTIFICATION
----------------------------------------- ----------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
Name GULF MARINE SERVICES PLC
----------------------------------------- ----------------------------
LEI 213800IGS2QE89SAJF77
----------------------------------------- ----------------------------
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------
Description of the financial instrument, ORDINARY SHARES OF GBP0.06
type of instrument EACH
Identification code
GB00BJVWTM27
----------------------------------------- ----------------------------
Nature of the transaction Acquisition of shares
----------------------------------------- ----------------------------
Price(s) and volume(s) Price(s) Volume(s)
[GBP0.06] 178000
----------------------------------------- ----------------------------
Aggregated information
- Aggregated volume 178000
GBPxx
- Price
----------------------------------------- ----------------------------
Date of the transaction 31/01/2022
----------------------------------------- ----------------------------
Place of the transaction London Stock Exchange, XLON
----------------------------------------- ----------------------------
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END
DSHGIGDDXGGDGDB
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