Gulf Marine Services PLC Result of AGM (6915D)

TIDMGMS

RNS Number : 6915D

Gulf Marine Services PLC

30 June 2021

 
 FOR IMMEDIATE RELEASE   30 June 2021 
 

Gulf Marine Services PLC

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

Results of Annual General Meeting ("AGM")

Results of the AGM

The AGM of Gulf Marine Services PLC was held on Wednesday, 30 June 2021. In the context of the continued restrictions on public gatherings as a result of the COVID-19 pandemic, it was therefore not possible for the AGM to be held in the same format as in previous years, as a result of which shareholders were strongly encouraged to submit a form of proxy in advance of this meeting rather than seeking to vote in person.

Accordingly, all the resolutions were put to shareholders on a poll. The results of the poll are shown in the

table below and will shortly be available on the Company's website,   www.gmsplc.com. 
 
 Resolution                              Votes in          %        Votes        %          Total            Votes 
                                     Favour (including              Against                  Votes         Withheld(2) 
                                     discretionary)(1)                                    (excluding 
                                                                                        votes withheld) 
 1. To receive the Annual 
  Report and Accounts for 
  the financial year ended 
  31 December 2020.                    433,330,544       99.93%    313,235     0.07%     433,643,779         2,039 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 2. To approve the Remuneration 
  Policy included in the 
  Annual Report and Accounts 
  for the financial year 
  ended 31 December 2020.              394,480,051       90.97%   39,151,228   9.03%     433,631,279         14,539 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 3. To approve the Directors' 
  Remuneration Report included 
  in the Annual Report 
  and Accounts for the 
  financial year ended 
  31 December 2020.                    431,901,063       99.60%   1,730,216    0.40%     433,631,279         14,539 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 4. To reappoint Mansour 
  Al Alami as a Director.              433,316,509       99.93%    311,985     0.07%     433,628,494         17,324 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 5. To reappoint Hassan 
  Heikal as a Director.                395,044,399       91.28%   37,729,920   8.72%     432,774,319        871,499 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 6. To reappoint Rashed 
  Al Jarwan as a Director.             395,898,574       91.30%   37,729,920   8.70%     433,628,494         17,324 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 7. To reappoint Jyrki 
  Koskelo as a Director.               433,026,759       99.86%    601,735     0.14%     433,628,494         17,324 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 8. To reappoint Lord 
  Anthony St John of Bletso 
  as a Director.                       431,918,759       99.61%   1,712,235    0.39%     433,630,994         14,824 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 9. To reappoint Deloitte 
  LLP as Auditor.                      431,943,735       99.61%   1,700,044    0.39%     433,643,779         2,039 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 10. To authorise the 
  Audit and Risk Committee, 
  for and on behalf of 
  the Directors, to agree 
  the Auditor's remuneration.          431,920,073       99.60%   1,723,706    0.40%     433,643,779         2,039 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 11. To authorise the 
  Directors to allot securities 
  (s.551 of the Companies 
  Act 2006).                           433,298,432       99.92%    342,562     0.08%     433,640,994         4,824 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 12. To approve the GMS 
  Deferred Bonus plan                  431,615,201       99.53%   2,025,793    0.47%     433,640,994         4,824 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 13. To approve the amendment 
  to the percentage of 
  total dilutive share 
  awards under the LTIP.               394,779,129       91.04%   38,861,865   8.96%     433,640,994         4,824 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 14. To approve the amendment 
  to grant the Executive 
  Chairman share awards 
  under the LTIP.                      394,768,879       91.04%   38,862,115   8.96%     433,630,994         14,824 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 15. To disapply pre-emption 
  rights (s.570 and s.573 
  of the Companies Act 
  2006)(3) .                           431,897,064       99.60%   1,733,930    0.40%     433,630,994         14,824 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 16. To disapply pre-emption 
  rights (s.570 and s.573 
  of the Companies Act 
  2006) up to a further 
  5% for acquisitions or 
  specified capital investments. 
  (3)                                  431,895,316       99.60%   1,745,678    0.40%     433,640,994         4,824 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 17. To authorise the 
  Company to make market 
  purchases of its own 
  shares (s.701 of the 
  Companies Act 2006).(3)              433,316,158       99.92%    327,621     0.08%     433,643,779         2,039 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 18. To authorise the 
  Directors to call general 
  meetings of the Company 
  (other than an annual 
  general meeting) on not 
  less than 14 clear days' 
  notice.(3)                           433,328,779       99.93%    315,000     0.07%     433,643,779         2,039 
                                   -------------------  -------  -----------  ------  -----------------  ------------- 
 

Notes:

1) Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.

2) A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

3) Indicates special resolutions requiring a 75% majority of votes cast in favour to be passed.

The Company's total ordinary shares in issue (total voting rights) as at 30 June 2021 was 1,016,414,582 ordinary shares of 2 pence each. Ordinary shareholders are entitled to one vote per ordinary share held. No shares were held in treasury.

The full text of the resolutions may be found in the notice of the AGM, copies of which are available on both the Company's website at www.gmsplc.com and on the National Storage Mechanism at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism .

In accordance with LR 9.6.2R, copies of all resolutions passed at the AGM concerning items other than ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism .

 
 Enquiries: GMS 
  Mansour Al Alami, Executive 
  Chairman                       [phone] 
 
 Celicourt Communications 
  Mark Antelme 
  Philip Dennis                  [phone] 
 

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

www.gmsplc.com

Disclaimer

The content of the Gulf Marine Services PLC website should not be considered to form a part of or be incorporated into this announcement.

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June 30, 2021 08:42 ET (12:42 GMT)