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Director dealings: Gulf Marine Services chairman raises stake

(Sharecast News) - Gulf Marine Services revealed on Thursday that executive chairman Mansour Al Alami had acquired 129,000 ordinary shares in the London-listed support vessels operator. Alami, who joined the board of GMS in November 2020, purchased the shares on Wednesday at an average price of 1582p each, for a total price of £20,407.80.

Following the transaction, Alami holds a beneficial interest in 2.7m GMS shares, representing approximately 0.23% of the company's issued share capital.

As of 1530 BST, Gulf Marine Services shares were up 0.63% at 15.98p.

Reporting by Iain Gilbert at Sharecast.com

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Gulf Marine Services (GMS) Director name: Alami,Mansour Al Amount purchased: 129,000 @ 15.82p Value: £20,407.80

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.