Director / PDMR Shareholdings

Gulf Marine Services PLC

10 May 2023

 

FOR IMMEDIATE RELEASE

10 May 2023

Gulf Marine Services PLC

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

DIRECTOR/PDMR SHAREHOLDINGS

Share Dealing by a Director

The Company was notified on 10 May 2023 that, on 9 and 10 May 2023, Charbel El Khoury, a Non-Executive Director of the Company, sold a total of 448,536 Gulf Marine Services plc ordinary shares ("Shares") at an average price of £0.04583 per Share. The Shares were traded on the open market.

 

Following these transactions, Charbel El Khoury does not hold any Shares.

Enquiries:

Gulf Marine Services PLC Mansour Al Alami Executive Chairman	Tel: [phone]
Celicourt Communications Mark Antelme / Philip Dennis	Tel: [phone]

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. 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 categorized 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	CHARBEL EL KHOURY
	Reason for the notification
	Position/status	NON-EXECUTIVE DIRECTOR
	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, type of instrument Identification code	ORDINARY SHARES OF £0.02 EACH GB00BJVWTM27
	Nature of the transaction	Sale of shares
	Price(s) and volume(s)	Price(s) Volume(s) £0.0461 291,021 £0.0452 36,011
	Aggregated information  - Aggregated volume - Price	327,032 £15,043.77
	Date of the transaction	09/05/2023
	Place of the transaction	London Stock Exchange, XLON

	Details of the person discharging managerial responsibilities
	Name	CHARBEL EL KHOURY
	Reason for the notification
	Position/status	NON-EXECUTIVE DIRECTOR
	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, type of instrument Identification code	ORDINARY SHARES OF £0.02 EACH GB00BJVWTM27
	Nature of the transaction	Sale of shares
	Price(s) and volume(s)	Price(s) Volume(s) £0.04536 121,504
	Aggregated information  - Aggregated volume - Price	121,504 £5,511.42
	Date of the transaction	10/05/2023
	Place of the transaction	London Stock Exchange, XLON

 

END