Business
Response to Seafox's no intention to bid statement
Response to Seafox's no intention to bid statement.
About this update from Gulf Marine Services Plc
[{"type":"text","content":"\n \n \n RNS Number : 2554O\n Gulf Marine Services PLC\n 28 May 2020\n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \n \n \n \n \n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n \n \n 28 May 2020\n \n \n \n \n \n \n \n Gulf Marine Services PLC\n \n Response to Seafox's no intention to bid statement\n \n \n \n \n The Board of Gulf Marine Services PLC (\"GMS\" or the \"Company\") notes the announcement made by Seafox International Limited (\"Seafox\") earlier today that it does not intend to make a firm offer for GMS. As a result of the announcement, Seafox is bound by the restrictions contained in Rule 2.8 of the City Code on Takeovers and Mergers (the \"Code\"). \n \n \n The Board of GMS is grateful for the clear and strong support it has received from the Company's shareholders, banks and other stakeholders over the last few weeks and looks forward to continuing to work with all parties on the continued successful development of GMS.\n \n \n The Company remains focused on concluding the legal documentation associated with the previously announced amend and extend transaction before 30 June 2020 and will provide an update to the market in due course.\n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n \n \n GMS\n \n Tim Summers, Executive Chairman\n Stephen Kersley, Chief Financial Officer\n Tony Hunter, Company Secretary\n \n \n \n \n \n \n \n \n \n \n \n \n \n +44 (0) 207 603 1515\n \n \n \n \n \n \n \n \n \n \n \n Evercore (Sole Financial Adviser to GMS)\n \n David Waring\n \n \n Edward Banks\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n +44 (0) 20 7653 6000\n \n \n \n \n \n \n \n \n BofA Securities (Joint Corporate Broker to GMS)\n \n Thomas Milner\n \n \n Ben Winstanley\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n +44 (0) 20 7628 1000\n \n \n \n \n \n \n Investec (Joint Corporate Broker to GMS)\n \n \n Chris Sim\n \n \n Henry Reast\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n +44 (0) 20 7597 5970\n \n \n \n \n \n \n \n Brunswick\n \n \n (PR Adviser to \n \n GMS)\n \n Patrick Handley -...