REG - GCM Resources PLC - Directorate change

GCM ResourcesAnnouncement

27/01/2026 13:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260127:nRSa5880Qa&default-theme=true

RNS Number : 5880Q  GCM Resources PLC  27 January 2026

27 January 2026

 

GCM Resources plc

("GCM" or the "Company")

 

 

Directorate Change

 

GCM Resources plc (AIM: GCM), the AIM traded resource exploration and
development company, announces that Paul Shackleton was unanimously dismissed
as a non-executive director of the Company on 26 January 2026 by the board of
directors of GCM (the "Board").

 

The Board have commenced the process to identify and appoint a non-executive
chairman. During this intervening period, Charlie Green will act as the
Board's interim non-executive chairman.

 

 

 

For further information:

 

 GCM Resources plc                                              Tel: +44 (0) 20 7290 1630

 Keith Fulton, Finance Director                                 info@gcmplc.com

                                                                www.gcmplc.com (http://www.gcmplc.com)

 Allenby Capital Limited                                        Tel: +44 (0)20 3328 5656

 Nominated Adviser and Joint Broker                             info@allenbycapital.com (mailto:info@allenbycapital.com)

 John Depasquale / Vivek Bhardwaj (Corporate Finance)

 Kelly Gardiner / Lauren Wright (Sales and Corporate Broking)

 Axis Capital Markets Limited                                   Tel: +44 (0) 203 026 0320

 Joint Broker

 Ben Tadd / Lewis Jones

 

 

About GCM Resources

GCM Resources plc (AIM:GCM), the AIM traded resource exploration and
development 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. 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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAXDLFLQFLLBBX



            Copyright 2019 Regulatory News Service, all rights reserved