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GCM Resources PLC - Award of options

RNS Number : 2904C
GCM Resources PLC
14 March 2014
 

14th March 2014

GCM Resources plc

("GCM" or the "Company")

(AIM:GCM) 

 

Award of options

 

 

GCM Resources plc ("GCM" or the "Company"), a London based resource exploration and development company, announces the options awarded to directors and employees.

 

 



Number of options

Exercise price

Vesting

Expiry







Michael Tang


3,000,000

19.8p

1 September 2014

31 August 2019

Dato' Md Wira Dani Bin Abdul Daim


250,000

19.8p

14 March 2014

28 February 2019

Dato' Md Wira Dani Bin Abdul Daim


500,000

19.8p

1 September 2014

31 August 2019

Guy Elliott


500,000

19.8p

1 September 2014

31 August 2019

Gary Lye


150,000

19.8p

1 September 2014

31 August 2019

James Hobson


150,000

19.8p

1 September 2014

31 August 2019

Anwar Islam


150,000

19.8p

1 September 2014

31 August 2019

 

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 24 January 2014.

 

 

For further information:

GCM Resources plc

James Hobson

CFO & Company Secretary

 +44 (0) 20 7290 1630

 

Bell Pottinger

Lorna Cobbett / Joanna Boon

+44 (0) 20 7861 3232

 

 

ZAI Corporate Finance Ltd

Nominated Adviser and Broker

Tom Price

+44 (0) 20 7060 2220


 

GCM Resources plc


Tel: +44 (0) 20 7290 1630


info@gcmplc.com; www.gcmplc.com


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Quick facts: GCM Resources

Price: -

Market: AIM
Market Cap: -
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