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GCM Gcm Resources Plc

5.50
0.15 (2.80%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gcm Resources Plc LSE:GCM London Ordinary Share GB00B00KV284 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.15 2.80% 5.50 5.50 6.00 5.75 5.20 5.25 2,229,390 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coal Mining Services 0 -1.32M -0.0056 -10.27 13.67M

GCM Resources PLC Appointment of Independent Non-executive Directors

25/03/2024 7:00am

RNS Regulatory News


RNS Number : 0562I
GCM Resources PLC
25 March 2024
 

25 March 2024

GCM Resources plc

("GCM" or the "Company")

(AIM:GCM) 

 

Appointment of Independent Non-executive Directors

 

GCM Resources plc ("GCM" or the "Company"), an AIM quoted mining and energy company, is pleased to announce the appointments of Paul Shackleton and Charlie Green to the Board as independent Non-Executive Directors with immediate effect. Paul Shackleton will serve as acting Chairman.

Paul Shackleton is an experienced London based corporate finance adviser and broker who, since 1996, has specialised in both domestic and international AIM traded companies, including advising companies in the role of Nominated Adviser.  He brings a wealth of knowledge and experience, particularly in transactions, fund raising, Corporate Governance and Regulation. He is currently a Non-Executive Director of Rurelec Plc.

Charlie Green is a chartered accountant and member of ICAEW (Institute of Chartered Accountants in England and Wales). Over his 47-year career, he has held senior positions in auditing and accounting, financial services within merchant banking and corporate recruitment services (headhunting). He is currently Director of corporate headhunting firm Emmet Green Associates Ltd.

After graduating in accountancy, he spent 12 years in an auditing role with Peat Marwick Mitchel & Co (now KPMG) and Reuters plc. He then 10-years in investment banking taking senior financial services roles with Morgan Grenfell & Co Ltd, Merrill Lynch & Co and Credit Suisse First Boston.

His move into the recruitment industry began with Austin Knight UK Ltd. (and TMP after it took over Austin Knight) and Odgers. After a 3-year period as a financial consultant in Corporate Finance, he moved back into corporate headhunting and where he has been Director of Emmet Green Associates Ltd for the past 25 years.

 

Additional Information on Mr Shackleton and Mr Green

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

 

Paul Roger Anthony Shackleton (aged 54)

Current Directorships / Partnerships


Rurelec Plc




 

Charlie Edward Green (aged 65)

Current Directorships / Partnerships


Emmet Green Associates Ltd






There is no further information to be disclosed in relation to Mr Shackleton's or Mr Green's appointments pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

 

 

 

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

 

 

For further information:

 

GCM Resources plc

Keith Fulton

Finance Director

+44 (0) 20 7290 1630

WH Ireland Ltd

James Joyce

Andrew De Andrade

+44 (0) 20 7220 1666

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 can support some 6,600MW. The Project site can also support over 2,000MW of Solar Power capacity throughout the Project life span. GCM requires approval from the Government of Bangladesh to develop the Project. GCM requires approval from the Government of Bangladesh to develop the Project. The Company has a strategy of linking the Company's mine proposal to supplying coal to the Government of Bangladesh's existing and in the pipeline coal-fired power plants and / or power plants implemented with its development partner. Together with its credible, internationally recognised strategic development partner, GCM aims to deliver a practical power solution to provide the cheapest coal-fired 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.

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