GCM Resources Regulatory News (GCM)

17 June 2019

GCM Resources plc

("GCM" or the "Company")

(LON:GCM) 

Board Changes

GCM Resources plc (LON:GCM), an AIM quoted mining and energy company, announces the resignation of James Hobson from his position as Finance Director and Company Secretary, with immediate effect. James joined the Company in 2006 and was appointed as Company Secretary in 2011 and to the Board in 2016. The Board would like to take this opportunity to thank James for his services over the past thirteen years and to wish him well in his new role. James will remain with the Company until 21 June 2019 to continue to assist with handover matters. We would also like to thank James for working with the Board and his successor during the period since he tendered his resignation in order to make the handover as seamless as possible.

The Company is pleased to announce the appointment to the Board, with immediate effect, of Keith Fulton, as Finance Director and Company Secretary, and Mohd Najib Bin Abdul Aziz, as Non-Executive Director.

Mr Fulton has over 25 years accounting and finance experience and has been a partner at the audit firm Chapman Davis for the past thirteen years. He began his career at Badger Hakim, where he qualified as a Chartered Accountant, following which he held various financial advisory and leadership positions at a number of corporates, including Finance Director at IDG UK Holdings Ltd. Keith is a member of the Institute of Chartered Accountants in England and Wales.

Mr Abdul Aziz has 25 years corporate and finance experience in a number of industries, including property, construction and manufacturing. He began his career at KPMG in Perth and later worked at Arthur Andersen & Co. in Kuala Lumpur. Najib has significant experience in both Executive and Non-Executive Director roles in Malaysia. In addition to his current executive roles at Corporate-Pacific Holdings Sdn Bhd and Pentas Flora Environmental Services Sdn Bhd, he is also an Independent Non-Executive Director of Bina Puri Holdings Bhd and Tropicana Corporation Bhd, the latter where he is also the Chairman of the Audit Committee. Najib is a member of the Malaysian Institute of Accountants and a member of Chartered Accountants Australia and New Zealand.

Further information in relation to the appointments of Mr Fulton and Mr Abdul Aziz pursuant to paragraph (g) of Schedule Two or the AIM Rules for Companies appears below.

Additional Information on Mr Fulton and Mr Abdul Aziz

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies:

Keith Stewart Fulton (aged 48)

Mohd Najib Bin Abdul Aziz (aged 46)

About GCM Resources

GCM Resources plc (LON:GCM), the AIM listed mining and energy company, has identified a high quality coal resource of 572 million tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project (the Project) in north-west Bangladesh.

Utilising the latest highly energy efficient power generating technology the Phulbari coal mine is capable of supporting power plants of up to 6,000MW. GCM is awaiting approval from the Government of Bangladesh to develop the Project. The Company has a strategy of combining the Company's mine proposal with up to 6,000MW of power generation, together with credible, internationally recognised strategic partners. GCM aims to deliver a practical power solution to provide the cheapest electricity in the country, in a manner amenable to the Government of Bangladesh.