Business
Issue of Equity and PDMR dealing
Issue of Equity and PDMR dealing.
About this update from Gcm Resources Plc
[{"type":"text","content":"\n\n4 April 2025\nGCM Resources plc\n(\"GCM\" or the \"Company\")\n \nIssue of Equity, Total Voting Rights\nAnd\nPDMR dealing\n \nGCM Resources plc (LON: GCM), an AIM quoted mining and energy company, announces the issue of new ordinary shares of 1 pence each in the capital of the Company (\"Ordinary Shares\") to certain consultants and a director of the Company.\n \nConsultants' Shares\n \nDyani Agreement\n \nIn accordance with the consultancy agreement announced on 8 January 2025, with Dyani Corporation, Ltd. (\"Dyani\") (the \"Dyani Agreement\"), Dyani will receive 1,993,545 new Ordinary Shares as payment in lieu of Dyani's accrued retainer fee of £75,000 for the period from 1 January 2025 to 31 March 2025. Under the terms of the Dyani Agreement, there are no restrictions on disposal of the new Ordinary Shares issued in respect of the retainer fees issued to Dyani, which are intended to cover the respective consultants' costs in performing their services. \n \nDG Agreement\n \nThe Company also announces the issuance of new Ordinary Shares as payment of consulting fees in accordance with the consultancy agreement announced on 28 January 2025, with DG Infratech Pte Ltd (\"DG\") (the \"DG Agreement\") (together, the \"Agreement\"). In accordance with the Agreement, DG will receive 956,901 new Ordinary Shares as payment in lieu of DG's accrued retainer fee of £36,000 for the period from 1 January 2025 to 31 March 2025. Under the terms of the DG Agreement, there are no restrictions on disposal of the new Ordinary Shares issued in respect of the retainer fees issued to DG, which are intended to cover the respective consultants' costs in performing their services. \n \nDirector Shares\n \nIn accordance with Keith Fulton's director's remuneration agreement from June 2019, GCM also announces the issue of 540,541 new Ordinary Shares to Keith Fulton, as payment in lieu of £10,000, which represents his services as Executive Director of the Company for the period from 1 January 2024 to 31 December 2024. The new Ordinary Shares are being issued at a deemed issue price of 1.85 pence per new Ordinary Share.\n \nChanges to PDMR and substantial shareholdings\n \nAs a result of the issue of the new Ordinary Shares, the Company is aware of the following changes to shareholders in t...