Result of AGM
Gulf Marine Services PLC announced that all resolutions were passed at its Annual General Meeting, including the approval of the 2025 Annual Report and Accounts with 99.08% in favour, and the Directors' Remuneration Report with 99.04% in favour. Directors Mansour Al Alami, Lord Anthony St John of Bletso, Charbel El Khoury, Jyrki Koskelo, and Haifa Al Mubarak were re-appointed with significant majority votes, ranging from 93.58% to 97.93%. KPMG was re-appointed as auditor with 99.05% approval. Resolutions to authorise the directors to allot shares and disapply pre-emption rights received 87.31% and 83.21% approval respectively, while the resolution to authorise market purchases of its own shares passed with 99.70% in favour. The company's total voting rights as of June 18, 2026, were 1,152,166,012 ordinary shares.
Select text to share a quote on X · sign in to keep highlights & notes in your GMS notes
The Company announces that at its Annual General Meeting held at Gulf Marine Services WLL, Office 403, International Tower, 24th (Karama) Street, Abu Dhabi, United Arab Emirates at 2.30pm (UAE time) today, all resolutions put before the meeting were duly passed.
Voting was conducted on a poll, the results of which are shown in the table below and will shortly be available on the Company's website, www.gmsplc.com.
| Resolution | Votes in Favour (including discretionary) 1 | % | Votes Against | % | Total Votes (excluding votes withheld) | Votes Withheld 2 |
|---|---|---|---|---|---|---|
| 1. To receive the Annual Report and Accounts for the financial year ended 31 December 2025. | 470,500,854 | 99.08 | 4,350,857 | 0.92 | 474,851,711 | 122,388 |
| 2. To receive and approve the Directors' Remuneration Report included in the Annual Report and Accounts for the financial year ended 31 December 2025. | 470,136,553 | 99.04 | 4,563,544 | 0.96 | 474,700,097 | 274,002 |
| 3. To re-appoint Mansour Al Alami as a Director. | 427,405,624 | 96.20 | 16,880,680 | 3.80 | 444,286,304 | 30,687,795 |
| 4. To re-appoint Lord Anthony St John of Bletso as a Director. | 464,267,072 | 97.83 | 10,320,865 | 2.17 | 474,587,937 | 386,162 |
| 5. To re-appoint Charbel El Khoury as a Director. | 444,111,672 | 93.58 | 30,469,573 | 6.42 | 474,581,245 | 392,854 |
| 6. To re-appoint Jyrki Koskelo as a Director. | 463,668,848 | 97.70 | 10,912,397 | 2.30 | 474,581,245 | 392,854 |
| 7. To re-appoint Haifa Al Mubarak as a Director. | 464,768,934 | 97.93 | 9,812,311 | 2.07 | 474,581,245 | 392,854 |
| 8. To re-appoint KPMG as Auditor. | 470,109,119 | 99.05 | 4,504,741 | 0.95 | 474,613,860 | 360,239 |
| 9. To authorise the Audit and Risk Committee, for and on behalf of the Directors, to agree the Auditor's remuneration. | 470,184,680 | 99.07 | 4,412,145 | 0.93 | 474,596,825 | 377,274 |
| 10. To authorise the Directors to allot shares (s551 of the Companies Act 2006). | 414,444,387 | 87.31 | 60,220,597 | 12.69 | 474,664,984 | 309,115 |
| 11. To disapply pre-emption rights (s.570 and s.573 of the Companies Act 2006). 3 | 383,474,291 | 83.21 | 77,404,519 | 16.79 | 460,878,810 | 14,095,289 |
| 12. To disapply pre-emption rights (s.570 and s.573 of the Companies Act 2006) for acquisitions or specified capital investments. 3 | 383,346,487 | 83.18 | 77,533,427 | 16.82 | 460,879,914 | 14,094,185 |
| 13. To authorise the Company to make market purchases of its own shares (s.701 of the Companies Act 2006). 3 | 473,289,753 | 99.70 | 1,445,944 | 0.30 | 474,735,697 | 238,402 |
| 14. To authorise the Directors to call general meetings of the Company (other than an annual general meeting) on not less than 14 clear days' notice. 3 | 468,735,754 | 98.74 | 5,958,793 | 1.26 | 474,694,547 | 279,552 |
Notes:
- Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.
- Indicates special resolutions requiring a 75% majority of votes cast in favour to be passed.
The Company's total ordinary shares in issue (total voting rights) as at 18 June 2026 were 1,152,166,012 ordinary shares of 2 pence each. Ordinary shareholders are entitled to one vote per ordinary share held. No shares were held in treasury.
In accordance with UKLR 6.4.2R, copies of all resolutions passed at the AGM concerning items other than ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.