03:00 Fri 14 Mar 2014
GCM Resources PLC - Award of options
14th
("GCM" or the "Company")
(AIM:GCM)
Award of options
|
|
Number of options |
Exercise price |
Vesting |
Expiry |
|
|
|
|
|
|
|
|
3,000,000 |
19.8p |
|
|
Dato' Md Wira Dani Bin Abdul Daim |
|
250,000 |
19.8p |
|
|
Dato' Md Wira Dani Bin Abdul Daim |
|
500,000 |
19.8p |
|
|
|
|
500,000 |
19.8p |
|
|
|
|
150,000 |
19.8p |
|
|
|
|
150,000 |
19.8p |
|
|
|
|
150,000 |
19.8p |
|
|
The award of options today is consistent with the Board's authority, approved by shareholders at the Company's last AGM. The options have been awarded to bring the remuneration packages of directors and senior management closer in line to market rates, given the salary foregone as part of the recent reduction of overheads of over 50% by GCM's new management, as mentioned in the interims results announced on
For further information:
+44 (0) 20 7290 1630
|
+44 (0) 20 7861 3232
|
Nominated Adviser and Broker +44 (0) 20 7060 2220 |
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|
|
Tel: +44 (0) 20 7290 1630 |
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