- Energy support vessels company Gulf Marine Services said it had suspended Tim Summers from his current role as chief executive officer, pending an internal investigation into a severance agreement between him and the company dated 10 November 2020.

The severance agreement included a payment to Summers of approximately £429,000.

Pending the outcome of the investigation, the company had appointed the chairman, Mansour Al Alami, as interim executive chairman.

At 9:29am: [LON:GMS] Gulf Marine Services PLC share price was 0p at 7.07p

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