Business
Withdrawal of support for resolution 5 by Ithmar
Withdrawal of support for resolution 5 by Ithmar.
About this update from Gulf Marine Services Plc
[{"type":"text","content":"\n \nRNS Number : 3817S Gulf Marine Services PLC 11 March 2019 \n\nGulf Marine Services PLC\n('Gulf Marine Services', 'GMS', the 'Company' or the 'Group')\n \n11 March 2019\n \nWithdrawal of support for resolution 5 by Ithmar and other Shareholders\nat Requisitioned General Meeting on 18 March 2019\n \nFurther to the announcements made on 22 February, 4 March and 8 March 2019, Gulf 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, provides the following update.\n \nThe Board of GMS notes the statement made by a consortium of shareholders represented by Ithmar Capital Partners Limited (the \"Ithmar Requisitionists\") on 8 March 2019 which stated that the Ithmar Requisitionists have withdrawn their support for resolution 5 (proposing to appoint Faisal Bin Juma Belhoul as director of the Company) set out in the notice of meeting contained in the first circular published by the Company on 22 February 2019 in relation to the general meeting to be held on 18 March 2019 (the \"Requisitioned General Meeting\").\n \nThe Company therefore intends to seek the consent of the Requisitioned General Meeting to withdraw resolution 5, in addition to resolutions 1 and 2 as announced by the Company on 8 March 2018, and not put these resolutions to a vote.\n \nDespite the Ithmar Requisitionists' withdrawal of their support for resolution 5 and Seafox International Limited's withdrawal of its support for resolutions 1 and 2, the Board continues to urge Shareholders to continue to complete, sign and return forms of proxy to VOTE AGAINST all of the proposed resolutions, including resolutions 1, 2 and 5, as indicated in the red boxes on the forms of proxy as soon as possible.\n \nAll duly completed forms of proxy must be received by post or, during normal business hours only, by hand, by the Registrar, Equiniti Limited, at Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, by no later than 9.00 a.m. on Thursday, 14 March 2019.\n \n \n- Ends -\n \nThis announcement contains inside information and is provided in accordance with the requirements of Article 17 of the EU Market Abuse Regulation. \n \nJohn Brown\nCompany Secretary (responsible for arranging the...