(Alliance News) - Trading on AIM in GCM Resources PLC shares was restored on Monday after the company's appointment of WH Ireland Ltd as nominated adviser and broker, with the mining and energy firm also announcing a board reorganisation including a new chair.
Shares in GCM were up 37% at 10.30 pence in London on Monday morning following the restoration.
The new broker appointment was with immediate effect and followed Strand Hanson Ltd's resignation as nomad and broker, which took effect Wednesday last week and was announced December 4.
Further, GCM Independent Non-Executive Director Mohamed Najib Bin Abdul Aziz has been promoted to become independent non-executive chair, effective Friday last week.
GCM has also appointed James Hobson, current chief financial officer at ADC Energy UK, as a non-executive director with immediate effect. GCM noted that Hobson previously spent 13 years with GCM, including 3 years as the company's finance director.
Datuk Michael Tang PJN, who will continue as chief executive officer, said: "I would like welcome James Hobson's return to GCM, to enhance the board and with his wealth of experience and knowledge of GCM's history he will once again be a valuable asset to the future of the company and project."
By Anna Farley; firstname.lastname@example.org
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