Gulf Marine Services PLC Grant of Director Share Awards (8788O)
15 June 2022 - 4:30PM
UK Regulatory
TIDMGMS
RNS Number : 8788O
Gulf Marine Services PLC
15 June 2022
15 June 2022
Gulf Marine Services PLC ("the Company")
Grant of Director Share Awards
Gulf Marine Services announces that its Executive Chairman,
Mansour Al Alami, was granted on 14 June 2022 the following
nil-cost conditional share awards over ordinary shares of GBP0.02
each in the Company under the Company's Long Term Incentive Plan
(the "Plan").
Name Position No of awards granted
Mansour Al Alami Executive Chairman 7,000,000
-------------------- ---------------------
These awards will generally vest three years from the date of
grant, subject to the satisfaction of certain performance
conditions and a subsequent two-year holding period.
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
1
a) Name Mansour Al Alami
--------------------------- --------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Executive Chairman
--------------------------- --------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- --------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name GULF MARINE SERVICES PLC
--------------------------- --------------------------------------
b) LEI 213800IGS2QE89SAJF77
--------------------------- --------------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the ORDINARY SHARES OF GBP0.02 EACH
financial instrument,
type of instrument
GB00BJVWTM27
Identification code
--------------------------- --------------------------------------
b) Nature of the transaction Grant of nil cost conditional share
award under the Gulf Marine Services
PLC Long-Term Incentive Plan
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00 7,000,000
----------
--------------------------- --------------------------------------
d) Aggregated information N/A single transaction
--------------------------- --------------------------------------
e) Date of the transaction 2022-06-14
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
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END
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