Share Issue - Director's Share Dealing

RNS Number : 1252H

GCM Resources PLC

24 May 2011

 



24^th May 2011

GCM Resources plc 

(AIM:GCM)

Share Issue - Director's Share Dealing

As disclosed on his appointment, a portion of the fees payable for the services of Mr Greg James, a non-executive director of GCM Resources plc (GCM), is to be settled by the issue of shares.  Consequently, GCM has today allotted 3,750 ordinary shares to the company through which Mr Greg James provides services to GCM and in which he is beneficially interested.  Following this allotment he has a beneficial interest in 36,250 ordinary shares in GCM.  Application has been made to The London Stock Exchange for these shares to be admitted to AIM. It is expected that admission will become effective at 8.00 a.m. on 25 May 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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