|
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
Against
|
%
|
Total Votes
(excluding votes withheld)
|
Votes
Withheld2
|
|
1.
To receive the Annual Report and Accounts for the
financial year ended 31 December 2023.
|
724,542,150
|
100.00%
|
3,235
|
0.00%
|
724,545,385
|
1,209,555
|
|
2.
To receive and approve the Directors' Remuneration
Policy included in the Annual Report and Accounts for the financial
year ended 31 December 2023.
|
718,224,734
|
99.12%
|
6,407,835
|
0.88%
|
724,632,569
|
1,122,371
|
|
3.
To receive and approve the Directors' Remuneration
Report included in the Annual Report and Accounts for the financial
year ended 31 December 2023.
|
724,542,420
|
99.98%
|
115,150
|
0.02%
|
724,657,570
|
1,097,370
|
|
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
Directors, to agree the Auditor's remuneration.
|
724,574,716
|
99.99%
|
87,484
|
0.01%
|
724,662,200
|
1,092,740
|
|
12. To authorise the Company to make market purchases of its own
shares (s.701 of the Companies Act 2006).3
|
725,621,705
|
100.00%
|
3,235
|
0.00%
|
725,624,940
|
130,000
|
|
13. To
authorise the Directors to call general meetings of the Company
(other than an annual general meeting) on not less than 14 clear
days' notice.3
|
724,658,965
|
99.86%
|
1,003,235
|
0.14%
|
725,662,200
|
92,740
|
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.
Enquiries:
|
Gulf Marine Services
PLC
Mansour Al Alami
Executive Chairman
|
Tel: +44 (0)20 7603 1515
|
|
Celicourt
Communications
Mark Antelme
Philip Dennis
Ali AlQahtani
|
Tel: +44 (0) 20 7770 6424
|
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
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.