Share Issue - Director's Share Dealing

RNS Number : 6983S

GCM Resources PLC

24 November 2011

 



24^th November 2011

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 and 21^st July 2011, their respective dates of appointment.

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 43,750 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 13,500 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 November 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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