24 Feb 2012 09:47
24th February 2012
GCM Resources plc
(AIM:GCM)
Share Issue - Directors' Share Dealing
A portion of the fees payable for the services of Mr Greg James and Mr David Weill, both non-executive directors of GCM Resources plc (GCM), are settled by the issue of shares as disclosed on 25th August 2009 and 21st July 2011, their respective dates of appointment.
Consequently, GCM has today allotted 1,250 ordinary shares to the company through which Mr Greg James provides services to GCM and in which he is beneficially interested. Following this allotment he has a beneficial interest in 45,000 ordinary shares in GCM.
Similarly, GCM has allotted 6,250 ordinary shares to the company through which Mr David Weill provides services to GCM and in which he is beneficially interested. Following this allotment he has a beneficial interest in 18,750 ordinary shares in GCM.
Application has been made to The London Stock Exchange for these shares to be admitted to AIM. It is expected that admission will become effective at 8.00 a.m. on 28th February 2012.
For further information:
GCM Resources plc Steve Bywater Chief Executive +44 (0) 20 7290 1630
Graham Taggart Finance Director +44 (0) 20 7290 1630
| Pelham Bell Pottinger Lorna Spears / Joanna Boon +44 (0) 20 7861 3232
|
J.P. Morgan Cazenove Nominated Adviser Michael Wentworth-Stanley +44 (0) 20 7588 2828 | Evolution Securities Chris Sim +44 (0) 20 7071 4300
|
GCM Resources plc | |
Tel: +44 (0) 20 7290 1630, Fax: +44 (0) 20 7290 1631 | |
info@gcmplc.com; www.gcmplc.com |
GCM Resources (GCM)