| FOR IMMEDIATE RELEASE | 11 November 2024 |
Gulf Marine Services PLC
(the "Company")
Holding(s) in Company
The Company announced on 4 September 2024 that Seafox International Limited ("Seafox") planned to distribute shares that Seafox owns in Company to Seafox's shareholders by means of a dividend in specie. The Company has been notified by Seafox that the sixth set of such distributions has now taken place. Seafox have confirmed this is not a sale of shares.
The TR-1 notification today received by the Company from Seafox is set out below without amendment.
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BJVWTM27
Issuer Name
GULF MARINE SERVICES PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Seafox International Limited
City of registered office (if applicable)
Road Town
Country of registered office (if applicable)
British Virgin Islands
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
08-Nov-2024
6. Date on which Issuer notified
11-Nov-2024
7. Total positions of person(s) subject to the notification obligation
|
| % of voting rights attached to shares (total of 8.A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer |
| Resulting situation on the date on which threshold was crossed or reached | 10.419138 | 0.000000 | 10.419138 | 111479185 |
| Position of previous notification (if applicable) | 12.918341 | 0.000000 | 12.918341 | |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
| Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
| GB00BJVWTM27 | 111479185 | 0 | 10.419138 | 0.000000 |
| Sub Total 8.A | 111479185 | 10.419138% | ||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
| Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
|
| | | | |
| Sub Total 8.B1 | | | | |
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
|
| | | | | |
| Sub Total 8.B2 | | | | ||
9. Information in relation to the person subject to the notification obligation
1. Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
| Ultimate controlling person | Name of controlled undertaking | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
|
| | | | |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
This is not a sale of GMS Shares by Seafox, it is transfer of shares as a part of the 150m GMS share Distribution to Seafox Shareholders which will take place over the next few weeks and as per 4th Sept RNS Number: 7900C.
12. Date of Completion
11-Nov-2024
13. Place Of Completion
Road Town, British Virgin Island
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