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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 Warrants Exercised

02/04/2024 12:57pm

RNS Regulatory News


RNS Number : 9875I
GCM Resources PLC
02 April 2024
 

2 April 2024

GCM Resources plc

("GCM" or the "Company")

 

Warrants Exercised

 

 

GCM Resources plc (LON: GCM), an AIM quoted mining and energy company, reports an exercise of warrants.

 

Warrant Exercise

The Company has received a notice to exercise warrants over 2,424,243 new ordinary shares of 1 pence each in the Company ("Warrant Shares") at an exercise price of 1.65 p per Warrant Share, raising £40,000 for the Company.

 

Application will be made to the London Stock Exchange for, in aggregate, 2,424,243 new Ordinary Shares to be admitted to AIM ("Admission"). It is expected that Admission will become effective on 8 April 2024.  Following Admission, the Company's enlarged issued share capital will comprise 245,596,374 Ordinary Shares with voting rights in the Company. As the Company holds no shares in treasury, this is the total number of the voting rights in the Company which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in the interest, in the share capital of the Company under Chapter 5 of the FCA's Disclosure Guidance and Transparency Rules as reflected in the Company's articles of incorporation.

 

 

 

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

James Bavister

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. GCM requires approval from the Government of Bangladesh in order 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 developed development partners. Together with credible, internationally recognised strategic development partners, 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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