Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Gulf Marine Services ( (GB:GMS) ) has provided an update.
Gulf Marine Services announced that Seafox International Limited will distribute 58.8 million GMS shares, representing 5.4% of the company’s issued share capital, to its shareholders as an in specie dividend. This distribution, effective on or after December 18, 2024, signals a significant shift in the company’s shareholding structure, potentially impacting its market positioning and stakeholder interests.
More about Gulf Marine Services
Gulf Marine Services PLC, listed on the London Stock Exchange, was founded in Abu Dhabi in 1977. It is a leading provider of advanced self-propelled self-elevating support vessels (SESVs) primarily serving the offshore energy industries. Operating from offices in the United Arab Emirates, Saudi Arabia, and Qatar, GMS’s fleet caters to global markets including the Middle East, South East Asia, West Africa, North America, the Gulf of Mexico, and Europe. The company offers vessels for platform refurbishment, maintenance, well intervention, and wind turbine maintenance, as well as installation and decommissioning tasks.
YTD Price Performance: 6.21%
Average Trading Volume: 4,136,483
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £164.8M
See more insights into GMS stock on TipRanks’ Stock Analysis page.
