REG - GCM Resources PLC - Resignation of Director

GCM ResourcesAnnouncement

02/02/2024 14:30

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RNS Number : 9128B  GCM Resources PLC  02 February 2024

GCM Resources plc

("GCM" or the "Company")

 

Resignation of Director

 

 

GCM Resources plc (LON:GCM), an AIM quoted mining and energy company,
announces that as a result of the resolution received from Polo resources
seeking to remove him as a director, Christian Taylor-Wilkinson has
reluctantly tendered his resignation from his position as Independent
Non-Executive Chairman. The Board would like to take this opportunity to thank
Christian for his services during the period from May 2020 to date, and to
wish him success in the future. Christian's resignation will take effect from
28 February 2024. The Company is currently in the process of seeking to
recruit two new Independent Non-Executive Directors ("NEDs"), including a
Non-Executive Chairman.

 

As a result of Christian's resignation, the Company advises shareholders that
Resolution 5 "That Christian Taylor-Wilkinson be and is hereby removed as a
director of the Company with Immediate effect" will no longer be tabled at the
AGM as it is redundant.

 

 

The COO of GCM, Gary Lye, and FD, Keith Fulton stated:

"Christian brought a wealth of experience to the GCM Board, drawn from a
career spanning investment banking, investor relations and management of
resource companies. We would like to thank him for his proactive contribution
to the Company and we wish him well in his future endeavours."

 

 

 

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              James Bavister

  +44 (0) 20 7290 1630         Andrew De Andrade

                               +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. 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.

 

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