Directorate Change

RNS Number : 8149K

GCM Resources PLC

21 July 2011

 



GCM Resources plc

(AIM:GCM) 21st July2011

GCM Resources plc Appoints Mr David de Jongh Weill as Non-Executive Director

GCM Resources plc ('GCM') announced today that Mr David de Jongh Weill will be joining the Board of GCM as a Non-Executive Director with effect from 21st July 2011. 

Mr. Weill has considerable experience in natural resources (notably exploration and development), proprietary trading in international financial markets, active investment management, corporate finance and corporate governance.  Amongst other public company board positions, Mr Weill is currently the Chairman of Caledon Resources plc and a non-executive director of Kalahari Minerals plc. 

Mr. Weill holds a Bachelor of Business Administration, magna cum laude in International Business from the University of Georgia, a Masters of Business Administration from the London Business School, a Masters in Law and Accounting from The London School of Economics and a Masters in Decision Sciences also from The London School of Economics.  He was called to the Bar of England and Wales in 2006 by the Honourable Society of Lincoln's Inn.

Gerard Holden, GCM's Chairman said:

"We are delighted to have a person with David's experience and capability join the Board.  David has worked in the mining industry for many years and in addition to his commercial expertise brings with him experience of many natural resources based transactions and corporate finance in the Asian markets.  David will further enhance the capability of GCM's board."

Additional information

The information detailed below is disclosed in accordance with Rule 17 and Schedule Two of the AIM Rules.  Except for the information disclosed below, there is no other information which falls to be disclosed under these rules.

Part of David Weill's remuneration includes an amount of fees equal to the mid market trading price on the date of issue of 25,000 ordinary shares in GCM in the first year of his appointment and 15,000 shares and 10,000 shares in the second and third years of his appointment respectively.  The fees will not be paid to Mr Weill but will be satisfied by the issue of the above shares in quarterly instalments on defined dates.

The Directorships and past Directorships of Mr David de Jongh Weill (aged 53) are listed below:

Current Directorships and Partnerships	Past Directorships and Partnerships
Axmin Inc	AfNat Resources Limited
Caledon Resources Plc	CAN Media Limited
Caledon Overseas Holdings Ltd	Chiliogon Secretaries Limited
Chiliogon Asia Pte Ltd	Chiliogon Special Situations Limited
Chiliogon Partners LLP	Consulta Veritas Limited
Chiliogon Limited
Finelot Trading Company Limited
Kalahari Minerals Plc
Patrimoine International Limited
Patrimoine Pte. Ltd
Top Level Domain Holdings Ltd

For further information contact:

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]

For further information: www.gcmplc.com

 

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