Business
Director / PDMR Shareholdings
Director / PDMR Shareholdings.
About this update from Gulf Marine Services Plc
[{"type":"text","content":"\n\n\n\n\n\nFOR IMMEDIATE RELEASE\n\n\n10 May 2023\n\n\n\n\n \nGulf Marine Services PLC\n('Gulf Marine Services', 'GMS', the 'Company' or the 'Group')\n \nDIRECTOR/PDMR SHAREHOLDINGS\nShare Dealing by a Director\n \nThe Company was notified on 10 May 2023 that, on 9 and 10 May 2023, Charbel El Khoury, a Non-Executive Director of the Company, sold a total of 448,536 Gulf Marine Services plc ordinary shares (\"Shares\") at an average price of £0.04583 per Share. The Shares were traded on the open market.\n \nFollowing these transactions, Charbel El Khoury does not hold any Shares.\n \nEnquiries:\n\n\n\n\nGulf Marine Services PLC\nMansour Al Alami\nExecutive Chairman\n \n\n\nTel: +44 (0)20 7603 1515\n \n\n\n\n\nCelicourt Communications\nMark Antelme / Philip Dennis\n\n\nTel: +44 (0) 20 8434 2754\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 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.\nThe 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).\nThe SESVs are categorized 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...