Gulf Marine Services PLC Director/PDMR Shareholding (9950K)
April 16 2018 - 3:03AM
UK Regulatory
TIDMGMS
RNS Number : 9950K
Gulf Marine Services PLC
16 April 2018
Director/PDMR Shareholding
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY
AND OR PERSONS CLOSELY ASSOCIATED WITH THEM
Gulf Marine Services PLC
("Gulf Marine Services", "the Company", "GMS" or "the
Group")
In accordance with the requirements of DTR 3.1.2R, Gulf Marine
Services announces that each of the following persons, each being a
Person Discharging Managerial Responsibility (a "PDMR"), has on 16
April 2018 been granted Awards over Ordinary Shares of 10 pence
under the Company's Long Term Incentive Plan ("LTIP").
Pursuant to the Rules of the LTIP, Awards may only be made at
certain prescribed times. The relevant percentage of salary in
respect of the LTIP Awards referred to below is based upon a share
price of 38 pence being the Company's closing share price on 27
March 2018.
Director/PDMR No. of Shares over which Percentage
Awards of Basic
granted on 16 April 2018 Salary
Duncan Anderson
(Director) 1,156,067 150%
-------------------------- -----------
John Brown 732,381 125%
-------------------------- -----------
Mark Preston 549,540 125%
-------------------------- -----------
Andrew Robertson 539,558 125%
-------------------------- -----------
Simon Cook 540,078 125%
-------------------------- -----------
The above Awards should ordinarily vest on or around 28 March
2021 but only to the extent that certain performance conditions are
satisfied by the Company during that period.
No consideration was payable by the above individuals for the
grant of the above Awards.
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation.
1. Details of PDMR / person closely associated with them ("PCA")
a) Name 1. Duncan Anderson
2. John Brown
3. Mark Preston
4. Andrew Robertson
5. Simon Cook
2. Reason for the notification
a) Position / status 1. Chief Executive Officer (Director)
2. Chief Financial Officer (PDMR)
3. Commercial Director (PDMR)
4. Finance Director (PDMR)
5. Chief Operating Officer (PDMR)
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 Ordinary Shares of 10p each
ISIN: GB00BJVWTM27
b) Nature of the transaction 1, 2, 3, 4 and 5 awarded shares under the Company's Long Term Incentive
Plan ("LTIP")
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil consideration 1. 1,156,067
2. Nil consideration 2. 732,381
3. Nil consideration 3. 549,540
4. Nil consideration 4. 539,558
5. Nil consideration 5. 540,078
d) Aggregated information
Aggregated volume N/A (single transaction)
Price
e) Date of the transaction 16 April 2018
f) Place of the transaction Award of the shares occurred outside a trading venue
- Ends -
John Brown
Company Secretary
Tel: +971 (2) 5028888
Gulf Marine Services PLC's Legal Entity Identifier is
213800IGS2QE89SAJF77
This information is provided by RNS
The company news service from the London Stock Exchange
END
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