Result of AGM

RNS Number : 9640X

Gulf Marine Services PLC

12 May 2016

 

Gulf Marine Services PLC ("the Company")

Results of Annual General Meeting

At the Annual General Meeting of Gulf Marine Services PLC held on Wednesday, 11 May 2016, all resolutions put to the meeting were passed by the shareholders on a poll.

The results of the poll, incorporating the proxy votes lodged in advance of the meeting, are set out below.

Resolutions	For	%	Against	%	Withheld	Total lodged
1. To receive the Company's annual accounts for the financial year ended 31 December 2015.	283,409,843	100.00%	0	0.00%	519,649	283,929,492
2. To declare a final dividend of 1.20 pence per ordinary share for the year ended 31 December 2015.	283,929,492	100.00%	0	0.00%	0	283,929,492
3. To approve the Directors' Remuneration Report for the year ended 31 December 2015.	280,045,922	98.81%	3,360,057	1.19%	523,513	283,929,492
4. To re-elect Mr Simon Heale as a director of the Company.	283,212,839	99.75%	712,789	0.25%	3,864	283,929,492
5. To re-elect Mr Duncan Anderson as a director of the Company.	283,668,899	99.91%	256,729	0.09%	3,864	283,929,492
6. To re-elect Mr Simon Batey as a director of the Company.	283,890,519	100.00%	0	0.00%	38,973	283,929,492
7. To re-elect Mr Richard Dallas as a director of the Company.	283,668,899	99.91%	256,729	0.09%	3,864	283,929,492
8. To re-elect Mr Richard Anderson as a director of the Company.	283,925,628	100.00%	0	0.00%	3,864	283,929,492
9. To re-elect Dr Karim El Solh as a director of the Company.	283,659,090	99.91%	268,466	0.09%	1,936	283,929,492
10. To re-elect Mr Mike Straughen as a director of the Company.	283,888,301	100.00%	0	0.00%	41,191	283,929,492
11. To re-appoint Deloitte LLP as auditor of the Company.	283,872,886	99.98%	56,606	0.02%	0	283,929,492
12. To authorise the Audit and Risk Committee of the Company to determine the auditor's remuneration.	283,915,827	100.00%	13,665	0.00%	0	283,929,492
13. To authorise the directors to allot shares under section 551 of the Companies Act 2006.	279,995,819	98.62%	3,931,737	1.38%	1,936	283,929,492
14. To empower the directors to allot shares on a non-pre-emptive basis in accordance with section 570 of the Companies Act 2006.3	262,785,853	92.55%	21,141,703	7.45%	1,936	283,929,492
15. To authorise the Company to make market purchases of its own shares. 3	281,989,764	99.32%	1,939,728	0.68%	0	283,929,492
16. To authorise the Company to hold general meetings (other than an annual general meeting) on 14 clear days' notice. 3	280,486,291	98.79%	3,443,201	1.21%	0	283,929,492

VOTES OF SHAREHOLDERS EXCLUDING CONTROLLING SHAREHOLDER 

Resolutions	For	%	Against	%	Withheld	Total lodged
6. To re-elect Mr Simon Batey as a director of the Company.	114,731,695	100.00%	0	0.00%	38,973	114,770,668
8. To re-elect Mr Richard Anderson as a director of the Company.	114,766,804	100.00%	0	0.00%	3,864	114,770,668
10. To re-elect Mr Mike Straughen as a director of the Company.	114,729,477	100.00%	0	0.00%	41,191	114,770,668

Notes:

1.   Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.

2.   A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

3.   Indicates special resolutions requiring a 75% majority of votes cast in favour to be passed.

4.   As the Company has a controlling shareholder, Green Investment Capital Investments LLC, as defined in the Financial Conduct Authority's Listing Rules, each resolution to elect an independent director (resolutions 6, 8 and 10) have under Listing Rule 9.2.2E been approved by a majority of the votes cast by:

·     the shareholders of the Company as a whole; and

·     the independent shareholders of the Company; that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholder.

5.   The Company's total ordinary shares in issue (total voting rights) as at 21 March 2016, was 349,527,804 ordinary shares of 10 pence each. Ordinary shareholders are entitled to one vote per ordinary share held. No shares were held in treasury.

6.   The proxy votes received, including votes withheld, amount to 25.86% of the total issued share capital.

The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.gmsuae.com and on the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM.  

A copy of the special resolutions passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.  

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For further information please contact:

Gulf Marine Services PLC	Bell Pottinger
John Brown	Rollo Crichton-Stuart
Tel: [phone]	Tel: [phone]

Disclaimer

The content of the Gulf Marine Services PLC website should not be considered to form a part of, or be incorporated within, this announcement.

 

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