Business
Appointment of Joint Corporate Broker
Appointment of Joint Corporate Broker.
About this update from Gulf Marine Services Plc
[{"type":"text","content":"\n \nRNS Number : 4429C Gulf Marine Services PLC 22 January 2018 \n\nGulf Marine Services PLC\n('Gulf Marine Services', 'GMS', 'the Company' or 'the Group')\n \n \nAppointment of Joint Corporate Broker\n \nGulf Marine Services (LSE: GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, is pleased to announce the appointment of Investec Bank plc as its joint corporate broker to act alongside Bank of America Merrill Lynch. \n \n- Ends -\n \nEnquiries\nFor further information please contact: \n\n\n\n\n \nGulf Marine Services PLC \nDuncan Anderson \nJohn Brown\nTel: +971 (2) 5028888\nAnne Toomey\nTel: +44 (0) 1296 622736\n\n\n\n\n\n \n \nBrunswick \nPatrick Handley - UK\nWill Medvei - UK\nTel: +44 (0) 20 7404 5959\nJade Mamarbachi - UAE \nTel: +971 (0) 50 600 3829\n \n\n\n\n\n \n \nNotes to Editors:\nGulf Marine Services PLC, a company listed on the London Stock Exchange, was founded in Abu Dhabi in 1977 and has become the leading provider of advanced self-propelled self-elevating support vessels (SESVs) in the world. The fleet serves the oil, gas and renewable energy industries from its offices in the United Arab Emirates, Saudi Arabia, Malaysia and the United Kingdom. The Group's assets are capable of serving clients' requirements across the globe, including the Middle East, South East Asia, West Africa and Europe.\n \nThe GMS core fleet of 13 SESVs is amongst the youngest in the industry, with an average age of seven years. The vessels support GMS' 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). \n \nThe SESVs are four-legged vessels 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 de...