REG - GCM Resources PLC - Appointment of Independent Non-executive Directors

GCM ResourcesAnnouncement

25/03/2024 07:00

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RNS Number : 0562I  GCM Resources PLC  25 March 2024

25 March 2024

GCM Resources plc

("GCM" or the "Company")

(AIM:GCM)

 

Appointment of Independent Non-executive Directors

 

GCM Resources plc ("GCM" or the "Company"), an AIM quoted mining and energy
company, is pleased to announce the appointments of Paul Shackleton and
Charlie Green to the Board as independent Non-Executive Directors with
immediate effect. Paul Shackleton will serve as acting Chairman.

Paul Shackleton is an experienced London based corporate finance adviser and
broker who, since 1996, has specialised in both domestic and international AIM
traded companies, including advising companies in the role of Nominated
Adviser.  He brings a wealth of knowledge and experience, particularly in
transactions, fund raising, Corporate Governance and Regulation. He is
currently a Non-Executive Director of Rurelec Plc.

Charlie Green is a chartered accountant and member of ICAEW (Institute of
Chartered Accountants in England and Wales). Over his 47-year career, he has
held senior positions in auditing and accounting, financial services within
merchant banking and corporate recruitment services (headhunting). He is
currently Director of corporate headhunting firm Emmet Green Associates Ltd.

After graduating in accountancy, he spent 12 years in an auditing role with
Peat Marwick Mitchel & Co (now KPMG) and Reuters plc. He then 10-years in
investment banking taking senior financial services roles with Morgan Grenfell
& Co Ltd, Merrill Lynch & Co and Credit Suisse First Boston.

His move into the recruitment industry began with Austin Knight UK Ltd. (and
TMP after it took over Austin Knight) and Odgers. After a 3-year period as a
financial consultant in Corporate Finance, he moved back into corporate
headhunting and where he has been Director of Emmet Green Associates Ltd for
the past 25 years.

 

Additional Information on Mr Shackleton and Mr Green

The following additional information is provided in accordance with paragraph
(g) of Schedule Two of the AIM Rules for Companies:

 

Paul Roger Anthony Shackleton (aged 54)

 Current Directorships / Partnerships
 Rurelec Plc

 

Charlie Edward Green (aged 65)

 Current Directorships / Partnerships
 Emmet Green Associates Ltd

There is no further information to be disclosed in relation to Mr Shackleton's
or Mr Green's appointments pursuant to AIM Rule 17 or Schedule Two, paragraph
(g) (i)-(viii) of the AIM Rules for Companies.

 

 

 

This announcement contains inside information as defined in Article 7 of the
EU Market Abuse Regulation No 596/2014 and has been announced in accordance
with the Company's obligations under Article 17 of that Regulation.

 

 

For further information:

 

 GCM Resources plc                                        WH Ireland Ltd

 Keith Fulton                                             James Joyce

 Finance Director                                         Andrew De Andrade

 +44 (0) 20 7290 1630                                     +44 (0) 20 7220 1666
 GCM Resources plc
 Tel: +44 (0) 20 7290 1630
 info@gcmplc.com; www.gcmplc.com (http://www.gcmplc.com)

 

 

 

About GCM Resources

GCM Resources plc (LON:GCM), the AIM listed mining and energy company, 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. The Project site can also support
over 2,000MW of Solar Power capacity throughout the Project life span. GCM
requires approval from the Government of Bangladesh to develop the Project.
GCM requires approval from the Government of Bangladesh 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 implemented with its development
partner. Together with its credible, internationally recognised strategic
development partner, 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.

 

 

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