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)
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Current Directorships /
Partnerships
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Rurelec Plc
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Charlie Edward Green (aged 65)
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Current Directorships /
Partnerships
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Emmet Green
Associates Ltd
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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:
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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
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. 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.