Gulf Marine Services PLC Confirmation regarding appointment of Directors (4739F)
November 16 2020 - 8:59AM
UK Regulatory
TIDMGMS
RNS Number : 4739F
Gulf Marine Services PLC
16 November 2020
FOR IMMEDIATE RELEASE 16 November 2020
Gulf Marine Services PLC
('Gulf Marine Services', 'GMS', the 'Company' or the
'Group')
Confirmation under Listing Rule 9.6.13R regarding appointment of
Directors
Gulf Marine Services (LSE: GMS), further to the announcement
made by the Company on 10 November 2020, confirms that, in
connection with the appointments of Rashed Saif Al Jarwan, Mansour
Al Alami and Saeed Mer Abdulla Khoory as Directors effective 10
November 2020, the Company confirms that for the purposes of
paragraph 9.6.13 (1) of the Listing Rules of the UK Listing
Authority (the "Listing Rules") Rashed Saif Al Jarwan is currently
a director of the following publicly quoted companies:
-- Dana Gas (Vice Chairman);
-- Oman Insurance Company (Non-Executive Director); and
-- Mashreq Bank PSC (Non-Executive Director).
There are no additional matters requiring disclosure under Rule
9.6.13R of the Listing Rules.
Enquiries:
GMS
Mansour Al Alami (Chairman) +44 (0) 20 7603 1515
Brunswick (PR Adviser to GMS)
Patrick Handley - UK +44 (0) 20 7404 5959
Will Medvei - UK
Jade Mamarbachi - UAE +971 (0) 50 600 3829
ABOUT GMS
GMS, 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 and Saudi Arabia. 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.
The Company's Legal Entity Identifier is
213800IGS2QE89SAJF77.
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END
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