Gulf Marine Services PLC Grant of LTIP Awards (6301T)

TIDMGMS

RNS Number : 6301T

Gulf Marine Services PLC

18 November 2019

18 November 2019

Gulf Marine Services PLC ("the Company")

Grant of LTIP Awards

Gulf Marine Services announces that its Chief Financial Officer, Stephen Kersley, was granted on 15 November the following conditional share awards over ordinary shares of GBP0.10 each in the Company under the Company's Long Term Incentive Plan (the "Plan").

 
 Name               Position                   No of awards granted 
 Stephen Kersley    Chief Financial Officer    1,025,333 
                   -------------------------  --------------------- 
 

These awards will generally vest three years from the date of grant, subject to the satisfaction of certain performance conditions and a subsequent two year holding period.

For further information, please contact:

Tony Hunter

Company Secretary

+ 44 (0)207 603 1515

 
 1    Details of the person discharging managerial responsibilities 
 a)   Name                          STEPHEN KERSLEY 
     ----------------------------  ------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status               Chief Financial Officer 
     ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
 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            ORDINARY SHARES OF GBP0.10 EACH 
       financial instrument, 
       type of instrument 
                                     GB00BJVWTM27 
       Identification code 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction     Grant of conditional share awards 
                                     under the Gulf Marine Services PLC 
                                     Long-Term Incentive Plan 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                       GBP0.00     1,025,333 
                                                  ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information        N/A single transaction 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       15/11/2019 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      Outside a trading venue 
     ----------------------------  ------------------------------------- 
 

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November 18, 2019 02:30 ET (07:30 GMT)