Result of AGM

GCM Resources PLC

13 December 2024

 

13 December 2024

GCM Resources plc

("GCM" or the "Company")

Result of Annual General Meeting

GCM Resources plc (AIM: GCM), the AIM traded mining and energy company, announces that at its annual general meeting ("AGM") held earlier today, all resolutions put to shareholders were duly passed. The proxy votes received from shareholders on the resolutions proposed at the meeting are set out below.

	In Favour		Against			Withheld
Resolution	Votes	%age	Votes	%age	Total votes	Votes
1	14,521,441	97.38%	239,737	1.61%	14,911,299	Nil
2	14,479,384	97.13%	277,924	1.86%	14,907,429	3,870
3	14,479,384	97.13%	277,924	1.86%	14,907,429	3,870
4	14,412,771	96.68%	344,537	2.31%	14,907,429	3,870
5	14,314,390	97.35%	239,737	1.63%	14,704,248	207,051
6	14,458,255	96.96%	302,923	2.03%	14,911,299	Nil
7	14,425,871	96.95%	302,924	2.04%	14,878,916	32,383
8	14,216,610	96.90%	305,134	2.08%	14,671,865	239,434

For further information please contact:

GCM Resources plc Keith Fulton, Finance Director	Tel: [phone] [e-mail] www.gcmplc.com
Allenby Capital Limited Nominated Adviser and Joint Broker John Depasquale / Vivek Bhardwaj	Tel: [phone] [e-mail]
Axis Capital Markets Limited Joint Broker Ben Tadd / Lewis Jones	Tel: [phone]

About GCM Resources plc

GCM Resources plc (LON: GCM), the AIM traded 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.

 

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