Issue of Equity and PDMR dealing
12 June 2026
GCM Resources plc
("GCM" or the "Company")
Issue of Equity, Total Voting Rights
And
PDMR dealings
GCM Resources plc (LON: GCM), an AIM quoted mining and energy company, announces the issue of new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") to certain consultants and a director of the Company.
Consultants' Shares
Dyani Agreement
In accordance with the consultancy agreement announced on 8 January 2025, with Dyani Corporation, Ltd. ("Dyani") (the "Dyani Agreement"), Dyani will receive 4,446,250 new Ordinary Shares as payment in lieu of Dyani's accrued retainer fee of £225,000 for the period from 1 April 2025 to 31 December 2025. Under the terms of the Dyani Agreement, there are no restrictions on disposal of the new Ordinary Shares issued in respect of the retainer fees issued to Dyani, which are intended to cover the respective consultants' costs in performing their services.
DG Agreement
The Company also announces the issuance of new Ordinary Shares as payment of consulting fees in accordance with the consultancy agreement announced on 28 January 2025, with DG Infratech Pte Ltd ("DG") (the "DG Agreement") (together, the "Agreement"). In accordance with the Agreement, DG will receive 2,134,200 new Ordinary Shares as payment in lieu of DG's accrued retainer fee of £108,000 for the period from 1 April 2025 to 31 December 2025. Under the terms of the DG Agreement, there are no restrictions on disposal of the new Ordinary Shares issued in respect of the retainer fees issued to DG, which are intended to cover the respective consultants' costs in performing their services.
Director Shares
In accordance with Keith Fulton's director's remuneration agreement from June 2019, GCM also announces the issue of, in aggregate, 203,125 new Ordinary Shares to Keith Fulton, as payment in lieu of £10,000. 125,000 new Ordinary Shares are being issued in respect of his services as an Executive Director of the Company for the period from 1 January 2025 to 30 June 2025 at a deemed issue price of 4.0 pence per new Ordinary Share. 78,125 new Ordinary Shares are being issued in respect of his services as an Executive Director of the Company for the period from 1 July 2025 to 31 December 2025 at a deemed issue price of 6.4 pence per new Ordinary Share.
Changes to PDMR and substantial shareholdings
As a result of the issue of the new Ordinary Shares, the Company is aware of the following changes to shareholders in the Company on Admission (as defined below):
Name
Total Ordinary Shares currently held
Total Ordinary Shares held on Admission
Percentage of enlarged share capital on Admission
Dyani Corporation, Ltd.
51,910,085
56,356,335
15.03%
Polo Resources Limited
43,328,003
43,328,003
11.55%
DG Infratech Pte Ltd
15,463,419
17,597,619
4.69%
Keith Fulton
1,941,243
2,144,368
0.57%
The FCA notification in respect of the PDMR dealing, made in accordance with the requirements of the UK Market Abuse Regulation, is appended further below.
Admission and Disclosure Guidance and Transparency Rules
Application has been made to the London Stock Exchange for, in aggregate, 6,783,575 new Ordinary Shares to be admitted to AIM ("Admission"). It is currently anticipated that Admission will become effective and that dealings in the new Ordinary Shares will commence on AIM at 8.00 a.m. on or around 17 June 2026.
Following Admission, the Company's issued ordinary share capital will comprise 374,986,365 Ordinary Shares with voting rights in the Company. As the Company holds no shares in treasury, this is the total number of the voting rights in the Company which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in the interest, in the share capital of the Company under Chapter 5 of the FCA's Disclosure Guidance and Transparency Rules as reflected in the Company's articles of incorporation.
For further information:
GCM Resources plc
Keith Fulton, Finance Director
Tel: +44 (0) 20 7290 1630
info@gcmplc.com
Allenby Capital Limited
Nominated Adviser and Broker
John Depasquale / Vivek Bhardwaj (Corporate Finance)
Kelly Gardiner / Lauren Wright (Sales and Corporate Broking)
Tel: +44 (0)20 3328 5656
About GCM Resources
GCM Resources plc (LON: GCM), the AIM resource exploration and development, has identified a high-quality coal resource of 572 million tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project (the "Project") in north-west Bangladesh.
Utilising the latest highly energy efficient power generating technology the Phulbari coal mine can support some 6,600MW. GCM requires approval from the Government of Bangladesh in order to develop the Project. The Company has a strategy of linking the Company's mine proposal to supplying coal to the Government of Bangladesh's existing and in the pipeline coal-fired power plants and / or power plants developed development partners. Together with credible, internationally recognised strategic development partners, GCM aims to deliver a practical power solution to provide the cheapest coal-fired electricity in the country, in a manner amenable to the Government of Bangladesh.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Keith Fulton
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GCM Resources Plc
b)
LEI
213800MXX5QHZNHCDU55
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 1p each
Identification code (ISIN) for GCM Resources plc ordinary shares:
GB00B00KV284
b)
Nature of the transaction
Issue of new ordinary shares in consideration of payment of director fees
c)
Price(s) and volume(s)
Price(s)
Volume(s)
4.00
6.40
125,000
78,125
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
11 June 2026
f)
Place of the transaction
London Stock Exchange, XLON
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