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Share Name Share Symbol Market Type Share ISIN Share Description
Gcm Resources Plc LSE:GCM London Ordinary Share GB00B00KV284 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.25 8.06% 16.75 16.00 17.50 17.50 15.50 15.50 480,073 16:21:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -6.0 -6.1 - 19

GCM Resources PLC Alternate Director

19/03/2020 4:15pm

UK Regulatory (RNS & others)


Gcm Resources (LSE:GCM)
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RNS Number : 8611G

GCM Resources PLC

19 March 2020

19 March 2020

GCM Resources plc

("GCM" or the "Company")

(AIM:GCM)

Alternate Director

GCM Resources plc (LON:GCM), an AIM quoted mining and energy company, is pleased to announce the appointment to the Board, with immediate effect, of Gary Norman Lye, as Alternate Director to your Executive Chairman, Datuk Michael Tang, PJN, solely for the purpose of matters relating to the AGM of the Company, taking place tomorrow. As such, Mr Lye's appointment will terminate at close of business on 20 March 2020. The three existing members of the Board, being Michael Tang, Keith Fulton and Mohd Najib Bin Adbdul Aziz, are unable to attend the General Meeting as a result of restrictions and advice relating to the Coronavirus pandemic.

Mr Lye has served GCM for 16 years and is currently your Chief Operating Officer and was previously a Director of the Company between 11 February 2005 and 26 June 2013. Mr Lye has worked in the mining industry for over 45 years and was instrumental in delivering the Phulbari Coal and Power Project's feasibility study and has a lead role in liaising with GCM's joint venture partners.

Further information in relation to the appointment of Mr Lye pursuant to paragraph (g) of Schedule Two or the AIM Rules for Companies appears below.

Additional Information on Mr Gary Norman Lye (Aged 67)

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

 
  Current Directorships                    Past Directorships (last five 
                                            years) 
  Polo Resources Limited 
   Asia Energy Corporation (Bangladesh) 
   Pty Ltd 
   Asia Energy Corporation 
   Asia Energy (Bangladesh) Pvt 
   Ltd 
                                         ------------------------------- 
 

For further information:

 
 GCM Resources plc                 Strand Hanson Limited 
  Keith Fulton                      Nominated Adviser and Broker 
  Finance Director                  Stuart Faulkner 
  +44 (0) 20 7290 1630              Rory Murphy 
                                    James Dance 
                                    +44 (0) 20 7409 3494 
 
 GCM Resources plc 
 Tel: +44 (0) 20 7290 1630 
 info@gcmplc.com; www.gcmplc.com 
 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 19, 2020 12:15 ET (16:15 GMT)

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