Director/PDMR Shareholding

RNS Number : 7748N

GCM Resources PLC

07 September 2011

 



Date: 7 September 2011

GCM RESOURCES PLC

(AIM: GCM)

DIRECTOR/PDMR SHAREHOLDING

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 £1-35, a premium of 29% to the closing share price on 6th September 2011.

For further information:

GCM Resources plc Steve Bywater Chief Executive  [phone] Graham Taggart Finance Director [phone]	Pelham Bell Pottinger Charles Vivian [phone]
J.P. Morgan Cazenove Nominated Adviser Michael Wentworth-Stanley [phone]	Evolution Securities Chris Sim [phone]

GCM Resources plc
Tel: [phone], Fax: [phone]
[e-mail]; www.gcmplc.com

 

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