Last checked at 25 Aug 2009 10:02
GCM Resources plc
(AIM:GCM) 25th August 2009
GCM Resources plc Appoints Mr Greg James as Non-Executive Director
GCM Resources plc ('GCM') announced today that Mr Gregory James will be joining the Board of GCM as a Non-Executive Director with effect from 25 August 2009. Mr James will be a member of the Audit Committee and Chair the Remuneration Committee.
Mr James was previously CEO of Central Rand Gold Limited including the period of significant growth leading up to its listing on the London Stock Exchange in November 2007. Previously he held a number of roles with Glencore including Chief Financial Officer of its Coal Division.
Gerard Holden, GCM's Chairman said:
"We are delighted to have a person with Greg's experience and capability join the Board. Greg has worked in the mining industry for many years and in addition to his commercial expertise Greg brings with him experience of developing comprehensive community programmes and managing relationships with a wide range of stakeholders. Greg will further enhance the capability of GCM's board."
Additional information
The information detailed below is disclosed in accordance with Rule 17 and Schedule Two of the AIM Rules. Except for the information disclosed below, there is no other information which falls to be disclosed under these rules.
Part of Greg James's remuneration includes an amount of fees equal to the mid market trading price on the date of issue of 25,000 ordinary shares in GCM in the first year of his appointment and 15,000 shares and 10,000 shares in the second and third years of his appointment respectively. The fees will not be paid to Mr James but will be satisfied by the issue of the above shares in quarterly installments in arrears on defined dates. The Directorships and past Directorships of Mr Gregory David James (aged 45) are listed below:
| Current Directorships and Partnerships | |
| Depston 1 (Pty) Ltd | Lakeside City Trading 140 (Pty) Ltd |
| 3 Rugby Close (Pty) Ltd | McMurchie Plumbing CC |
| Akp Trading 79 (Pty) Ltd | Melody Street Trading 18 (Pty) Ltd |
| Any Name 507 (Pty) Ltd | Milbloem 45 (Pty) Ltd |
| Bay Drive Trading 149 (Pty) Ltd | Mobirecipes (Pty) Ltd |
| Canyon Springs Investments 184 (Pty) Ltd | Pezula Private Estate (Pty) Ltd |
| Celtic Rose Investments 18 (Pty) | Point Blank Trading 215 (Pty) Ltd |
| Circle Way Trading 91 (Pty) Ltd | Prozone Sa (Pty) Ltd |
| Circle Way Trading 93 (Pty) Ltd | Rand Quest Syndicate Ltd |
| Circle Way Trading 95 (Pty) Ltd | Sagitta Group (Pty) Ltd |
| Crg Water (Pty) Ltd | Sagitta Management (Pty) Ltd |
| Cross Atlantic Properties 65 (Pty) Ltd | Strega Publishing (Pty) Ltd |
| Double Ring Trading 582 (Pty) Ltd | Valuline 152 (Pty) Ltd |
| Evening Star Trading 825 (Pty) Ltd | Western Province Professional Cricket (Pty) Ltd |
| Itekeng Marketing (Pty) Ltd | Batavia plc |
| Past Directorships | |
| Before The Wind Investments 209 (Pty) Ltd | Central Rand Gold South Africa (Pty) Ltd |
| Central Rand Gold Limited | Hometrad 0018 (Pty) Ltd |
| Honovi Properties 58 (Pty) Ltd | |
| Mac Mac Building (Pty) Ltd | |
For further information contact:
GCM Resources plc: Pelham Public Relations:
Steve Bywater Charles Vivian
Chief Executive Ph: +44 (0)207 337 1538
Ph: +44 (0)207 290 1630 Email: charles.vivian@pelhampr.com
Graham Taggart Klara Kaczmarek
Finance Director Ph: +44 (0)207 337 1524
Ph: +44 (0)207 290 1630 Email: klara.kaczmarek@pelhampr.com
J.P. Morgan Cazenove
Nominated Adviser
Michael Wentworth-Stanley
Mark Hankinson
+44 (0) 20 7588 2828
For further information: www.gcmplc.com