- Gulf Marine Services said Monday Ithmar Capital Partners' shareholders had withdrawn support for a resolution that had proposed to appoint Faisal Bin Juma Belhoul as a Director, and urged shareholders to continue to vote against all resolution ahead of a general meeting next week.

A consortium of shareholders represented by Ithmar Capital Partners Limited stated on 8 March 2019 that it had withdrawn support for resolution 5 - proposing to appoint Faisal Bin Juma Belhoul as director of the Company - set out in the notice of meeting contained in the first circular published by the company on 22 February 2019 in relation to the general meeting, which would be held on 18 March 2019.

Gulf Marine Services said it intended to 'seek the consent of the requisitioned general meeting to withdraw resolution 5, in addition to resolutions 1 and 2 as announced by the Company on 8 March 2018, and not put these resolutions to a vote.'

'Despite the Ithmar Requisitionists' withdrawal of their support for resolution 5 and Seafox International Limited's withdrawal of its support for resolutions 1 and 2, the Board continues to urge Shareholders to continue to complete, sign and return forms of proxy to vote against all of the proposed resolutions, including resolutions 1, 2 and 5.'

Forms of proxy were needed to be completed by no later than 9.00 a.m. on Thursday, 14 March 2019.

At 9:32am: [LON:GMS] Gulf Marine Services PLC share price was +1p at 18.25p

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