Grant of LTIP Awards

RNS Number : 6301T

Gulf Marine Services PLC

18 November 2019

 

18 November 2019

Gulf Marine Services PLC ("the Company")

Grant of LTIP Awards

Gulf Marine Services announces that its Chief Financial Officer, Stephen Kersley, was granted on 15 November the following conditional share awards over ordinary shares of £0.10 each in the Company under the Company's Long Term Incentive Plan (the "Plan").

Name	Position	No of awards granted
Stephen Kersley	Chief Financial Officer	1,025,333

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.   

For further information, please contact:

Tony Hunter

Company Secretary

+ 44 (0)207 603 1515

1	Details of the person discharging managerial responsibilities
a)	Name	STEPHEN KERSLEY
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GULF MARINE SERVICES PLC
b)	LEI	213800IGS2QE89SAJF77
4	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
a)	Description of the financial instrument, type of instrument Identification code	ORDINARY SHARES OF £0.10 EACH GB00BJVWTM27
b)	Nature of the transaction	Grant of conditional share awards under the Gulf Marine Services PLC Long-Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00 1,025,333
d)	Aggregated information	N/A single transaction
e)	Date of the transaction	15/11/2019
f)	Place of the transaction	Outside a trading venue

 

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