Gulf Marine Services
PLC
('Gulf Marine Services',
'GMS', the 'Company' or the 'Group')
Notification from
Shareholder
Following the announcement on 4
September 2024, the Company has been notified by Seafox
International Limited ('Seafox') that it intends to distribute a
further 58.8 million GMS shares (representing 5.4% of the Company's
issued share capital) pro-rata to the shareholders in Seafox in the
form of an in specie dividend, and that the distributions will take
place on or after the 18th December 2024.
Enquiries:
|
Gulf Marine Services PLC
Mansour Al Alami
Executive Chairman
|
Tel: +44 (0)20 7603 1515
|
|
Celicourt Communications
Mark Antelme / Philip
Dennis
|
Tel: +44 (0) 20 8434 2754
|
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 offshore 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 platform refurbishment and maintenance
activities, well intervention work, and offshore wind turbine
maintenance work (which are opex-led activities), as well as
offshore 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.