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GMS Gulf Marine Services Plc

19.35
-0.15 (-0.77%)
Last Updated: 09:56:07
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Marine Services Plc LSE:GMS London Ordinary Share GB00BJVWTM27 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.15 -0.77% 19.35 19.10 19.35 19.35 19.00 19.05 763,604 09:56:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ship Building And Repairing 133.16M 25.33M 0.0249 7.77 196.68M

Gulf Marine Services PLC Director/PDMR Shareholding (9950K)

16/04/2018 9:03am

UK Regulatory


Gulf Marine Services (LSE:GMS)
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TIDMGMS

RNS Number : 9950K

Gulf Marine Services PLC

16 April 2018

Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

AND OR PERSONS CLOSELY ASSOCIATED WITH THEM

Gulf Marine Services PLC

("Gulf Marine Services", "the Company", "GMS" or "the Group")

In accordance with the requirements of DTR 3.1.2R, Gulf Marine Services announces that each of the following persons, each being a Person Discharging Managerial Responsibility (a "PDMR"), has on 16 April 2018 been granted Awards over Ordinary Shares of 10 pence under the Company's Long Term Incentive Plan ("LTIP").

Pursuant to the Rules of the LTIP, Awards may only be made at certain prescribed times. The relevant percentage of salary in respect of the LTIP Awards referred to below is based upon a share price of 38 pence being the Company's closing share price on 27 March 2018.

 
   Director/PDMR     No. of Shares over which    Percentage 
                               Awards             of Basic 
                      granted on 16 April 2018     Salary 
  Duncan Anderson 
     (Director)               1,156,067             150% 
                    --------------------------  ----------- 
    John Brown                732,381               125% 
                    --------------------------  ----------- 
   Mark Preston               549,540               125% 
                    --------------------------  ----------- 
 Andrew Robertson             539,558               125% 
                    --------------------------  ----------- 
    Simon Cook                540,078               125% 
                    --------------------------  ----------- 
 

The above Awards should ordinarily vest on or around 28 March 2021 but only to the extent that certain performance conditions are satisfied by the Company during that period.

No consideration was payable by the above individuals for the grant of the above Awards.

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

 
1.   Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     1. Duncan Anderson 
                                               2. John Brown 
                                               3. Mark Preston 
                                               4. Andrew Robertson 
                                               5. Simon Cook 
2.   Reason for the notification 
a)   Position / status                        1. Chief Executive Officer (Director) 
                                               2. Chief Financial Officer (PDMR) 
                                               3. Commercial Director (PDMR) 
                                               4. Finance Director (PDMR) 
                                               5. Chief Operating Officer (PDMR) 
b)   Initial notification / amendment         Initial Notification 
3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
a)   Name                                     Gulf Marine Services PLC 
b)   LEI                                      213800IGS2QE89SAJF77 
4.   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
      each type of transaction; (iii) each date; and (iv) each place where transactions have been 
      conducted 
a)   Description of the financial instrument  Ordinary Shares of 10p each 
                                               ISIN: GB00BJVWTM27 
b)   Nature of the transaction                1, 2, 3, 4 and 5 awarded shares under the Company's Long Term Incentive 
                                              Plan ("LTIP") 
c)   Price(s) and volume(s)                   Price(s)               Volume(s) 
                                               1. Nil consideration   1. 1,156,067 
                                                2. Nil consideration   2. 732,381 
                                                3. Nil consideration   3. 549,540 
                                                4. Nil consideration   4. 539,558 
                                                5. Nil consideration   5. 540,078 
d)   Aggregated information 
      Aggregated volume                         N/A (single transaction) 
      Price 
e)   Date of the transaction                  16 April 2018 
f)  Place of the transaction                  Award of the shares occurred outside a trading venue 
 

- Ends -

John Brown

Company Secretary

Tel: +971 (2) 5028888

Gulf Marine Services PLC's Legal Entity Identifier is 213800IGS2QE89SAJF77

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHKMGMDNVVGRZG

(END) Dow Jones Newswires

April 16, 2018 04:03 ET (08:03 GMT)

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