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7 Sep 2011 08:50
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Date: 7 September 2011
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GCM RESOURCES PLC
(AIM: GCM)
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DIRECTOR/PDMR SHAREHOLDING
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The Board of GCM Resources plc has today given approval for the extension of the exercise periods in respect of option agreements held by Gerard Holden (options to subscribe for 200,000 shares), Steve Bywater (options to subscribe for 1,000,000 shares) and Graham Taggart (options to subscribe for 500,000 shares) who are all directors of GCM. The exercise periods, which were due to expire on 29 November 2011, have been extended to 29 November 2012 for Gerard Holden and 29 November 2014 for Steve Bywater and Graham Taggart. All other terms remain unchanged, including the exercise price of Β£1-35, a premium of 29% to the closing share price on 6th September 2011.
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For further information:
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GCM Resources plc Steve Bywater Chief Executive Β +44 (0) 20 7290 1630 Β Graham Taggart Finance Director +44 (0) 20 7290 1630 Β | Pelham Bell Pottinger Charles Vivian +44 (0)20 7861 3126 Β Β Β |
J.P. Morgan Cazenove Nominated Adviser Michael Wentworth-Stanley +44 (0) 20 7588 2828 | Evolution Securities Chris Sim +44 (0) 20 7071 4300 Β |
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GCM Resources plc | |
Tel: +44 (0) 20 7290 1630, Fax: +44 (0) 20 7290 1631 | |
info@gcmplc.com; www.gcmplc.com |
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