Last checked at 16 Apr 2018 09:03
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 Awardsgranted on 16 April 2018 | Percentage of Basic 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) |
| ||||
d) | Aggregated information Aggregated volume Price |
N/A (single transaction) | ||||
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