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GCM Resources PLC (GCM)

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Thursday 16 July, 2009

GCM Resources PLC

Director/PDMR Shareholding

RNS Number : 8164V
GCM Resources PLC
16 July 2009

GCM Resources plc 

(AIM:GCM) 16 th July 2009

GCM Resources plc Conditional Share Scheme

The Board of GCM Resources plc has today given approval for the conditional allotment of 1,130,000 shares to Directors, employees, consultants and associates of GCM or their nominees.

These shares will be allotted and issued on the achievement of certain milestonesincluding approval by the Government of Bangladesh of the Scheme of Development for the Phulbari Coal Project.  

The shares are conditionally allotted as follows:

Number of shares

Steve Bywater


Graham Taggart


Gerard Holden


Stephen Dattels


William McIntosh


Total allotted to directors


Employees, consultants and associates



For directors and employees, the allotment and issue of shares is conditional on their continued engagement by GCM, one year after Scheme of Development approval, unless GCM is subject to a change in control.  These conditional allotments are consistent with the Board's authority which was approved by shareholders at the Company's last AGM.

For further information contact:

GCM Resources plc:                    Pelham Public Relations

Steve Bywater                              Charles Vivian

Chief Executive                             Ph: +44 (0)20 7337 1538

Ph: +44 (0)20 7 290 1630              Email:

Graham Taggart                           Klara Kaczmarek

Finance Director                           Ph: ++44 (0) 20 7337 1524

Ph: +44 (0)20 7 290 1630              Email:

JPMorgan Cazenove

Nominated Adviser

Michael Wentworth-Stanley

Mark Hankinson

+44 (0) 20 7588 2828

This information is provided by RNS
The company news service from the London Stock Exchange