Source - RNS
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 Awards
granted 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)

Price(s)

Volume(s)

1.   Nil consideration

2.   Nil consideration

3.   Nil consideration

4.   Nil consideration

5.   Nil consideration

1.   1,156,067

2.   732,381

3.   549,540

4.   539,558

5.   540,078

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

 

 

 

 


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