IN BRIEF: Gulf Marine Shareholder Seafox Calls For Board Changes

Gulf Marine Services PLC - United Arab Emirates-based support vessels provider - Receives letter ...

Alliance News 21 September, 2020 | 9:23PM
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Gulf Marine Services PLC - United Arab Emirates-based support vessels provider - Receives letter from 30% shareholder Seafox International Ltd calling on Non-Executive Directors Mike Turner, David Blewden, Mo Bississo and Shona Grant to step down voluntarily. Seafox proposes Rashid Al Jarwan, Mansour Al Alami and Saeed Mer Abdulla Khoory, three UAE-based individuals, replace them. Seafox to requisition a general meeting should Gulf Marine not implement request by Wednesday. Gulf Marine board says "not in the best interests" for any directors to step down.

Current stock price: 9.14 pence

Year-to-date change: up 25%

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Gulf Marine Services PLC 7.39 GBX -1.20 -

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