REG - Gulf Marine Services - Result of AGM

Gulf Marine ServicesAnnouncement

05/06/2024 14:30

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RNS Number : 2696R  Gulf Marine Services PLC  05 June 2024

 FOR IMMEDIATE RELEASE  5 June 2024

 

Gulf Marine Services PLC

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

 

Results of Annual General Meeting ("AGM")

 

The Company announces that at its Annual General Meeting held at Gulf Marine
Services WLL, Office 403, International Tower, 24th (Karama) Street, Abu
Dhabi, United Arab Emirates at 2.30pm (UAE time) today, all resolutions put
before the meeting were duly passed.

 

Voting was conducted on a poll, the results of which are shown in the table
below and will shortly be available on the Company's website, www.gmsplc.com.

 

 Resolution                                                                     Votes in Favour (including discretionary)(1)  %        Votes      %      Total Votes                  Votes Withheld(2)

                 (excluding votes withheld)
                                                                                                                                       Against
 1.    To receive the Annual Report and Accounts for the financial year         724,542,150                                   100.00%  3,235      0.00%  724,545,385                  1,209,555
 ended 31 December 2023.
 2.     To receive and approve the Directors' Remuneration Policy included      718,224,734                                   99.12%   6,407,835  0.88%  724,632,569                  1,122,371
 in the Annual Report and Accounts for the financial year ended 31 December
 2023.
 3.     To receive and approve the Directors' Remuneration Report included      724,542,420                                   99.98%   115,150    0.02%  724,657,570                  1,097,370
 in the Annual Report and Accounts for the financial year ended 31 December
 2023.
 4.    To re-appoint Mansour Al Alami as a Director.                            703,623,598                                   98.80%   8,556,376  1.20%  712,179,974                  13,574,966
 5.    To re-appoint Hassan Heikal as a Director.                               725,095,577                                   99.92%   564,880    0.08%  725,660,457                  94,483
 6.    To re-appoint Lord Anthony St John of Bletso as a Director.              720,332,926                                   99.27%   5,327,531  0.73%  725,660,457                  94,483
 7.    To re-appoint Charbel El Khoury as a Director.                           722,712,374                                   99.73%   1,948,083  0.27%  724,660,457                  1,094,483
 8.    To re-appoint Jyrki Koskelo as a Director.                               722,420,548                                   99.69%   2,239,909  0.31%  724,660,457                  1,094,483
 9.    To re-appoint Haifa Al Mubarak as a Director.                            724,601,097                                   99.99%   59,360     0.01%  724,660,457                  1,094,483
 10.  To re-appoint KPMG as Auditor.                                            724,650,180                                   100.00%  12,020     0.00%  724,662,200                  1,092,740
 11.  To authorise the Audit and Risk Committee, for and on behalf of the       724,574,716                                   99.99%   87,484     0.01%  724,662,200                  1,092,740
 Directors, to agree the Auditor's remuneration.
 12.   To authorise the Company to make market purchases of its own shares      725,621,705                                   100.00%  3,235      0.00%  725,624,940                  130,000
 (s.701 of the Companies Act 2006).(3)
 13.  To authorise the Directors to call general meetings of the Company        724,658,965                                   99.86%   1,003,235  0.14%  725,662,200                  92,740
 (other than an annual general meeting) on not less than 14 clear days'
 notice.(3)

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.

 

The Company's total ordinary shares in issue (total voting rights) as at 5
June 2024 was 1,069,946,316 ordinary shares of 2 pence each. Ordinary
shareholders are entitled to one vote per ordinary share held. No shares were
held in treasury.

 

In accordance with LR 9.6.2R, copies of all resolutions passed at the AGM
concerning items other than ordinary business have been submitted to the
National Storage Mechanism and will shortly be available for inspection at:
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
(https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism)
.

 

Enquiries:

 Gulf Marine Services PLC  Tel: +44 (0)20 7603 1515

 Mansour Al Alami

 Executive Chairman

 Celicourt Communications  Tel: +44 (0) 20 7770 6424

 Mark Antelme

 Philip Dennis

 Ali AlQahtani

 

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 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.

 

Gulf Marine Services PLC's Legal Entity Identifier is 213800IGS2QE89SAJF77

www.gmsplc.com (http://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.

 

 

 

 

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