Member Info for Pappiklon

Went well, several posters present, will update in near future. Neds not an issue or seemingly future funding

Try calling them

Re Facility ro raise funds

If you look at last years resolutions you will see exactly the same wording and there were no shares issued at 1p in the past year, it's just the nominal value nothing to do with the actual price

That is just how the shares are registered at a 'nominal' price , that is not the price any subscription shares would be sold at, see the companies website, where the shares are all listed at 1p despite them currently being 2.65p

Nominal Amount: £2,075,220

Number: 207,522,036

Ordinary shares of 1p each

http://www.gcmplc.com/shareholders/share-capital

Great to see trading commence again tomorrow. The RNS from 29th Jan was the most comprehensive and optimistic I can recollect. I know what my intentions are tomorrow, be very interesting to see where it goes. You can choose your own highlights, think it's going to get very interesting

http://www.gcmplc.com/sites/default/files/2024-01/GCM_Resources_ARA_2023_Final_Glossy.pdf

N 2024 17:20

RNS Number : 8215A

GCM Resources PLC

24 January 2024

24 January 2024

GCM Resources plc

("GCM" or the "Company")

(AIM:GCM)

Requisition Notice

GCM Resources plc, an AIM quoted mining and energy company, announces that it today received a notice from Polo Investments Limited ("Polo"), pursuant to Section 168 of the Companies Act 2006, requesting that a resolution to remove Christian Taylor-Wilkinson be tabled, as an ordinary resolution, at the forthcoming Annual General Meeting of the Company or a general meeting of GCM to be convened as soon as practicable. Polo currently holds 43,328,003 shares representing 20.9% of the Company's total voting rights.

In the event that Christian Taylor-Wilkinson is voted off the board or otherwise leaves the Company, the board would comprise three executive directors, and no non-executive directors, falling short of the minimum guidance set out in the QCA Corporate Governance Code and raising questions about the efficacy of the Board as a whole, and the appropriateness of the Company to be trading on AIM.

WH Ireland, the Company's Nominated Adviser ("Nomad"), has advised that if such a circumstance occurs the Company would therefore have to add a number of independent non-executive directors to the board in the short term. If such additions to the board are not made to WH Ireland's satisfaction , it is highly likely that the WH Ireland would tender its resignation with immediate effect.

Pursuant to Rule 1 of the AIM Rules for Companies, if a company ceases to have a Nomad the Exchange will suspend trading in its AIM securities with immediate effect. If a new Nomad is not appointed within one month of the date of resignation of the original Nomad, this will result in the Company's ordinary shares being delisted from AIM and the Company's admission to AIM being cancelled.

RichieRich

See below link, many shareholders are concerned that if the Polo resolution to remove Christian as a Director is passed because the Nomad will resign immediately too unless there are other NEDs in place which in turn leads to automatic suspension, see previous RNS's and hence the interest in casting their votes

http://www.gcmplc.com/sites/default/files/2024-01/GCM_Resources_Plc-2023_AGM_Notice_Final.pdf

W2NCY

Other than Barclays and IG where I have my accounts I don't know, I would have thought they would have told you if there was a charge, my Barclays ones are free

I have 2 IG accounts, received separate emails this morning allowing me to vote online, if you have one of their accounts you should get an email this week allowing the same, if not contact them. As mentioned below if you are attending the AGM you will still need to pay them the £100 plus VAT for the letter, even if you are attending you should still vote online with them

Your Vote Counts!

GCM RESOURCES PLC

‌2024‌ ‌ANNUAL GENERAL MEETING‌

Vote by ‌23-FEB-2024‌

Please note that IG charges a fee for arranging your personal attendance at an annual general meeting. For further details, please refer to IG’s website.

W2CNY

It's not my place to tell others how to vote but if you look at last years resolutions you will see a similar request only it was shares to a value of £800,000 then not £1,500,000 In my understanding and in my experience this is pretty standard where companies will or may need to fundraise, it gives the directors the option of raising funds though the issue of shares without having to call an EGM for approval. The authority will expire after a year and need to be requested again at next AGM .

Here is a link to last years AGM notice

http://www.gcmplc.com/sites/default/files/2023-01/gcm-2022-agm-notice.pdf

The saga continues, The Textile sector is vital to their economic growth, more pressure to make fast sensible energy choices

'In the first month of 2024, the production in the sector has come down to 40 per cent as the supply of gas remained suspended in many industrial belts, he claimed.

‘The government is inviting foreign investors to make investments in special economic zones, but the authorities are failing to provide gas supply. If the situation continues, new investments will not take place in the country,’ the BTMA president said.

‘As far as I know, the country’s textile sector has not witnessed any new investments in capital machinery in 2023,’ Khokon said.'

https://www.newagebd.net/article/224082/no-new-investment-in-textile-sector-in-2023-btma

Give interactive a call, or email them, they will tell you what you need to do, they will provide a letter with your personal holdings but like ii they will require some documentation from you, some brokers now have an online voting system for their clients where you get to place your votes which might make the voting easier on Mars, prior to the AGM they will send the cumulative totals to GCM.

Was sorry to hear about Marv, hope to see you at the AGM

Call Lloyds, they will tell you what to do, you can still vote and attend AGM

AGM info and Resolutions etc are now available on the company website at this location. Everyone ones vote matters no matter what you vote.

http://www.gcmplc.com/sites/default/files/2024-01/GCM_Resources_Plc-2023_AGM_Notice_Final.pdf

If you are going to attend the AGM you will need a letter from your broker stating your holding in order to get in, depending on the broker these letters can take a coupe of weeks to arrive (they are posted). Some brokers will charge you for the letter , others don't as an example up to now Barclays don't charge but ask for 2 weeks notice, IG charge £100 for the letter, my suggestion from experience is apply as soon as possible, whether you have a letter saying reflecting 1 share or a million you will need it to gain entry., hope to see you there

Change to subscription - seems there was a typo, so allenby have the option to go in for £50k at 1.65, nice

'In addition, Allenby Capital Limited, who are acting as agent in respect of the Subscription, will be issued with 3,030,303 warrants to subscribe for new Ordinary Share at a price of 1.65 pence per Ordinary Share exercisable for a period of 3 years from Admission.'

These are very interesting and give further major opportunities of BD business development and growth of $10 billion.Our business model also proposes two JVs covering associated crucial areas:

· "Coal Transport JV Company" to be responsible for delivering coal to market by arranging finance for and facilitating any necessary transport infrastructure upgrades; arranging any necessary rolling stock and barges (river and ocean-going); and managing the coal transport system to ensure timely and lowest cost delivery to customers; and

· "Industrial Mineral Co-Product JV Company" to manage the extraction and delivery of large-volume valuable Industrial Mineral Co-Products that can be recovered from the overburden material removed to access coal, i.e., available ahead of reaching first coal. These Co-Products consist of gravels, aggregate, sands, glass sands, ceramic and pottery clay and potentially bottled water. This is potentially a very large business opportunity with the value of Co-Products available over the life of the Project estimated at over ten Billion Dollars. Also, the Industrial Mineral Co-Products are in great demand in Bangladesh, so this JV Company will also add great value to industries and the economy, and importantly will deliver cashflow to the MINING COMPANY well ahead of first coal.

'Plus on top of that has the right to buy another 300,000,000 shares at 1.6p at any time in the next 3 years?'

Think you've misread that - or am I missing something, my understanding is the 303k warrants to Allenby (the agent) are payment for arranging the placing, that being the case reflects confidence in getting a return.

.... and why would they be investing if they thought Tang was going to try and delist, really good news IMHO...plus if they ae going to be admitted to trading on Feb 2nd surely we will need to be out of suspension

Thanks for the 'upbeat' message Phulbari, we agree