Gulf Marine Services PLC Director/PDMR Shareholding (4325K)

TIDMGMS

RNS Number : 4325K

Gulf Marine Services PLC

21 September 2016

Director/PDMR and Connected Person Shareholding

Gulf Marine Services PLC (the "Company")

The Company was informed today that Mr. Duncan Anderson, the Company's Chief Executive Officer, sold 600,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") on 19 September 2016. The transactions were executed at a weighted average price of 50.0 pence.

Following these transactions, the beneficial interest of Mr. Duncan Anderson, was 2,014,622 Ordinary Shares representing approximately 0.6% of the Company's issued ordinary share capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of PDMR / person closely associated 
       with them ("PCA") 
---  ----------------------------------------------------------------------- 
 a)   Name                            Duncan Anderson 
---  ------------------------------  --------------------------------------- 
 b)   Position                        Chief Executive Officer 
       / status 
---  ------------------------------  --------------------------------------- 
 c)   Initial notification            Initial Notification 
       / amendment 
---  ------------------------------  --------------------------------------- 
 2.   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                     Ordinary Shares 
       of the financial 
       instrument 
---  ------------------------------  --------------------------------------- 
 b)   Nature of                       Sale of Ordinary Shares 
       the transaction 
---  ------------------------------  --------------------------------------- 
 c)   Price(s)                         Price(s)     Volume(s) 
       and volume(s)                   -----------  ------------------------ 
                                        50.0 pence   50,000 Ordinary Shares 
                                       -----------  ------------------------ 
                                        50.0 pence   50,000 Ordinary Shares 
                                       -----------  ------------------------ 
                                        50.0 pence   100,000 Ordinary Shares 
                                       -----------  ------------------------ 
                                        50.3 pence   50,000 Ordinary Shares 
                                       -----------  ------------------------ 
                                        50.3 pence   25,000 Ordinary Shares 
                                       -----------  ------------------------ 
                                        50.0 pence   25,000 Ordinary Shares 
                                       -----------  ------------------------ 
                                        50.0 pence   100,000 Ordinary Shares 
                                       -----------  ------------------------ 
                                        50.0 pence   25,000 Ordinary Shares 
                                       -----------  ------------------------ 
                                        50.0 pence   75,000 Ordinary Shares 
                                       -----------  ------------------------ 
                                        50.0 pence   100,000 ordinary Shares 
                                       -----------  ------------------------ 
---  ------------------------------  --------------------------------------- 
 d)        Aggregated                 Aggregated volume of 600,000 
            information                shares 
             *    Aggregated volume 
                                       Weighted average price of 50.0 
                                       pence 
             *    Aggregated Price 
---  ------------------------------  --------------------------------------- 
 e)   Date of the                     19 September 2016 (UK) 
       transaction 
---  ------------------------------  --------------------------------------- 
 f)   Place of                        London Stock Exchange, UK 
       the transaction 
---  ------------------------------  ---------------------------------------

Enquiries:

Gulf Marine Services PLC Tel: +971 (2) 5028888

John Brown - Group CFO

Anne Toomey - Investor Relations Manager

Gulf Marine Services

Mussafah Base,

P.O.Box 46046,

Abu Dhabi,

UAE

- ENDS -

This information is provided by RNS

The company news service from the London Stock Exchange