Share Issue - Directors' Share Dealing

RNS Number : 9762D

GCM Resources PLC

24 May 2012

 



24^thMay 2012

GCM Resources plc 

(AIM:GCM)

Share Issue - Directors' Share Dealing

A portion of the fees payable for the services of Mr Greg James and Mr David Weill, both non-executive directors of GCM Resources plc (GCM), are settled by the issue of shares as disclosed on 25^th August 2009, 21^st July 2011 and 20^th April 2012.

Consequently, GCM has today allotted 15,000 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 60,000 ordinary shares in GCM. 

Similarly, GCM has allotted 6,250 ordinary shares to the company through which Mr David Weill provides services to GCM and in which he is beneficially interested.  Following this allotment he has a beneficial interest in 93,500 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^th May 2012.

For further information:

GCM Resources plc Gerard Holden Non-Executive Chairman  [phone] Graham Taggart Finance Director [phone]	Pelham Bell Pottinger Lorna Spears / Joanna Boon [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

 

END

 

 

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