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ABU DHABI - Gulf Marine Services PLC (GMS), a leading provider of advanced self-propelled self-elevating support vessels serving the offshore oil, gas, and renewable energy sectors, announced Thursday that all resolutions proposed at its Annual General Meeting (AGM) were passed by shareholders.
The AGM, which took place at the company’s headquarters in Abu Dhabi, saw a majority of votes cast in favor of the resolutions, including the approval of the Annual Report and Accounts for the financial year ended December 31, 2024, and the Directors’ Remuneration Report. Each director standing for reappointment was confirmed in their role, with Mansour Al Alami, Lord Anthony St John of Bletso, Charbel El Khoury, Jyrki Koskelo, and Haifa Al Mubarak all retaining their positions on the board.
Furthermore, KPMG was reappointed as the company’s auditor, with the Audit and Risk Committee authorized to agree on the auditor’s remuneration. The shareholders also authorized the company to make market purchases of its own shares and approved the Company’s Long Term Incentive Plan (LTIP). Another special resolution passed allowed the Directors to call general meetings with not less than 14 clear days’ notice.
The voting process was conducted via poll, and the detailed results will be made available on the company’s website. Each resolution required a simple majority to pass, except for special resolutions that required a 75% majority. The total number of ordinary shares in issue as of the date of the AGM was 1,129,946,314, with each shareholder entitled to one vote per share held. No shares were held in treasury.
These results will also be submitted to the National Storage Mechanism, in compliance with UK regulatory requirements, and will be accessible for public inspection.
This announcement is based on a press release statement from Gulf Marine Services PLC.
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