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18.98    -0.26 (-1.35%)
Bid:
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Spread: 0.58 (3.066%)
Market Cap: £218.68m
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Pre - Stabilisation Notice

14 Mar 2014 07:00

RNS Number : 3190C
Gulf Marine Services PLC
14 March 2014
 



 

PRE-STABILISATION ANNOUNCEMENT

 

14 March 2014

RNS Number:

Gulf Marine Services PLC

 

Not for distribution, directly or indirectly, in or into the United States, Canada, Australia, Japan,

the United Arab Emirates, South Africa or any jurisdiction in which such distribution would be unlawful.

 

Gulf Marine Services PLC

Stabilisation Notice

 

Merrill Lynch International (contact: Michael Dadoun; telephone: +44 (0) 20 995 3700) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager named below may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).

 

The securities:

Issuer:

Gulf Marine Services PLC

Securities:

Ordinary Shares of 10 pence each (ISIN: GB00BJVWTM27)

Offering Description

Initial Public Offering

Offering Size:

122,735,402 shares

Offer Price:

135 pence per share

Stabilisation:

Stabilisation Manager:

Merrill Lynch International

Stabilisation period expected to start on:

14 March 2014 at approximately 8am

Stabilisation period expected to end no later than:

11 April 2014 COB

Over-allotment Option:

Existence and conditions of use of over-allotment facility:

The Stabilisation Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law.

% Size of over-allotment facility

15%

Maximum size of over-allotment facility

18,317,849 number of shares

 

In connection with the offer of the above securities, the Stabilisation Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilisation Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended at any time. Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.

 

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

 

This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

 

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

 

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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