Sale of investment

RNS Number : 8731W

GCM Resources PLC

01 February 2013

 



1^st February 2013

GCM Resources plc

(the "Company" or "GCM Resources")

(AIM:GCM)

Sale of investment

GCM Resources plc ("GCM" or the "Company"), a London based resource exploration and development company, announces that its investment in Polo Resources Limited was sold yesterday.

The 74.8 million shares held in Polo Resources representing 2.7% were sold as one block to a Malaysian based investor, realising £1.9m. GCM has made a total return including dividends amounting to £2.8 million on its original investment.

For further information:

GCM Resources plc Gerard Holden Non-Executive Chairman  [phone]	Pelham Bell Pottinger Lorna Spears / Joanna Boon [phone]
J.P. Morgan Cazenove Nominated Adviser Michael Wentworth-Stanley [phone]	Investec Investment Banking Chris Sim [phone]

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

 

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