Results of AGM

RNS Number : 3510F

Gulf Marine Services PLC

17 May 2017

 

Gulf Marine Services PLC ("the Company")

Results of Annual General Meeting

At the Annual General Meeting of Gulf Marine Services PLC held on Tuesday, 16 May 2017, all resolutions put to the meeting were passed by the shareholders on a poll.

The results of the poll, incorporating the proxy votes lodged in advance of the meeting, are set out below.

Resolutions	For 1	%	Against	%	Withheld2	Total lodged
1. To receive the Company's annual accounts for the financial year ended 31 December 2016.	269,148,526	99.75	670,104	0.25	NIL	269,818,630
2. To declare a final dividend of 1.20 pence per ordinary share for the year ended 31 December 2016.	269,818,630	100	NIL	0.00	NIL	269,818,630
3. To approve the Directors' Remuneration Report for the year ended 31 December 2016.	241,814,449	90.29	25,995,827	9.71	2,008,354	269,818,630
4. To re-elect Simon Heale as a director of the Company.	267,092,953	99.24	2,051,072	0.76	674,605	269,818,630
5. To re-elect Duncan Anderson as a director of the Company.	269,814,129	100	NIL	0.00	4,501	269,818,630
6. To re-elect Simon Batey as a director of the Company.	267,761,765	99.24	2,052,364	0.76	4,501	269,818,630
7. To re-elect Richard Anderson as a director of the Company.	267,763,057	99.24	2,051,072	0.76	4,501	269,818,630
8. To re-elect Dr Karim El Solh as a director of the Company.	269,812,837	99.99	1,292	0.01	4,501	269,818,630
9. To re-appoint Deloitte LLP as auditor of the Company.	269,817,338	99.99	1,292	0.01	NIL	269,818,630
10. To authorise the Audit and Risk Committee of the Company to determine the auditor's remuneration.	269,818,630	100	NIL	0.00	NIL	269,818,630
11. To authorise the directors to allot shares under section 551 of the Companies Act 2006.	248,667,690	92.16	21,150,940	7.84	NIL	269,818,630
12. To authorise the directors to allot shares on a non-pre-emptive basis.	248,674,635	92.16	21,143,995	7.84	NIL	269,818,630
13. To authorise the Company to make market purchases of its own shares. 3	267,887,940	99.28	1,930,690	0.72	NIL	269,818,630
14. To authorise the Company to hold general meetings (other than an annual general meeting) on not less than 14 clear days' notice. 3	269,699,145	99.96	119,485	0.04	NIL	269,818,630

VOTES OF SHAREHOLDERS EXCLUDING CONTROLLING SHAREHOLDER 

Resolutions	For	%	Against	%	Withheld	Total lodged
6. To re-elect Simon Batey as a director of the Company. 4	110,768,139	98.18	2,052,364	1.82	4,501	112,825,004
7. To re-elect Richard Anderson as a director of the Company. 4	110,769,431	98.18	2,051,072	1.82	4,501	112,825,004

Notes:

1.   Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.

2.   A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

3.   Indicates special resolutions requiring a 75% majority of votes cast in favour to be passed.

4.   As the Company has a controlling shareholder, Green Investment Capital Investments LLC, as defined in the Financial Conduct Authority's Listing Rules, each resolution to elect an independent director (resolutions 6, and 7) have under Listing Rule 9.2.2E been approved by a majority of the votes cast by:

·     the shareholders of the Company as a whole; and

·     the independent shareholders of the Company; that is, all the shareholders entitled

      to vote on each resolution excluding the controlling shareholder.

The Company's total ordinary shares in issue (total voting rights) as at 27 March 2017, was 349,527,804 ordinary shares of 10 pence each. Ordinary shareholders are entitled to one vote per ordinary share held. No shares were held in treasury.

The proxy votes received, including votes withheld, amount to 77.20% of the total issued share capital.

The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.gmsuae.com and on the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM.  

A copy of the special resolutions passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.  

-ends-

For further information please contact:

Gulf Marine Services PLC John Brown Tel: [phone]		Brunswick   Patrick Handley - UK Tel: [phone]

Disclaimer

The content of the Gulf Marine Services PLC website should not be considered to form a part of, or be incorporated within, this announcement.

 

END

 

 

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