Full Year 2019 Gulf Marine Services PLC Earnings Call Transcript

May 01, 2020 / 08:00AM GMT
Timothy David Summers - Gulf Marine Services PLC - Executive Chairman

Good morning, ladies and gentlemen, and welcome to the 2019 Full Year Results for Gulf Marine Services.

I am Tim Summers, the Executive Chairman of GMS. And with me here in Abu Dhabi is Stephen Kersley, the Chief Financial Officer.

Before we get started, I wanted to say a few words on the announcement by Seafox of its potential offer for GMS. We publicly announced yesterday that the Board has received an unsolicited and nonbinding approach from Seafox. We are reviewing the offer with our financial advisers, and at present, we have advised shareholders to take no action. In accordance with the takeover code rules, I cannot say any more at this stage, and we'll be not -- not be commenting on the matter during Q&A.

Now on to the full year 2019 results, turning to Slide 2. I will cover the Items 1 and 2. Steve will discuss the 2019 financial results in Section 3 in more detail, and then I will summarize at the end in Section 4.

Turning to Slide 4. Clearly, any presentation from any company at the

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