GCM Resources PLC Resignation of Director
03 February 2024 - 1:20AM
RNS Regulatory News
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.
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GCM
Resources plc
Keith Fulton
Finance Director
+44 (0) 20 7290
1630
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WH
Ireland Ltd
James Joyce
James Bavister
Andrew De Andrade
+44 (0) 20 7220 1666
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GCM Resources plc
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Tel: +44 (0) 20 7290 1630
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info@gcmplc.com;
www.gcmplc.com
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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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