Issue of Equity and PDMR dealing
GCM Resources plc announced the issuance of 6,783,575 new ordinary shares to consultants and a director, totaling £333,000 in lieu of accrued fees. Dyani Corporation received 4,446,250 shares for £225,000, and DG Infratech Pte Ltd received 2,134,200 shares for £108,000, with no disposal restrictions. Executive Director Keith Fulton was issued 203,125 shares for £10,000, at prices of 4.0 pence and 6.4 pence per share. Following these issuances, Dyani Corporation's holding will be 15.03% and DG Infratech's will be 4.69% of the enlarged share capital, with total voting rights reaching 374,986,365 upon admission to AIM on or around June 17, 2026.
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GCM 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.
Consultants' Shares
Dyani Agreement
In accordance with the consultancy agreement announced on 8 January 2025, with Dyani Corporation, Ltd. ("Dyani") (the "Dyani Agreement"), Dyani will receive 4,446,250 new Ordinary Shares as payment in lieu of Dyani's accrued retainer fee of £225,000 for the period from 1 April 2025 to 31 December 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.
DG Agreement
The 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 2,134,200 new Ordinary Shares as payment in lieu of DG's accrued retainer fee of £108,000 for the period from 1 April 2025 to 31 December 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.
Director Shares
In accordance with Keith Fulton's director's remuneration agreement from June 2019, GCM also announces the issue of, in aggregate, 203,125 new Ordinary Shares to Keith Fulton, as payment in lieu of £10,000. 125,000 new Ordinary Shares are being issued in respect of his services as an Executive Director of the Company for the period from 1 January 2025 to 30 June 2025 at a deemed issue price of 4.0 pence per new Ordinary Share. 78,125 new Ordinary Shares are being issued in respect of his services as an Executive Director of the Company for the period from 1 July 2025 to 31 December 2025 at a deemed issue price of 6.4 pence per new Ordinary Share.
Changes to PDMR and substantial shareholdings
As a result of the issue of the new Ordinary Shares, the Company is aware of the following changes to shareholders in the Company on Admission (as defined below):
| Name | Total Ordinary Shares currently held | Total Ordinary Shares held on Admission | Percentage of enlarged share capital on Admission |
|---|---|---|---|
| Dyani Corporation, Ltd. | 51,910,085 | 56,356,335 | 15.03% |
| Polo Resources Limited | 43,328,003 | 43,328,003 | 11.55% |
| DG Infratech Pte Ltd | 15,463,419 | 17,597,619 | 4.69% |
| Keith Fulton | 1,941,243 | 2,144,368 | 0.57% |
The FCA notification in respect of the PDMR dealing, made in accordance with the requirements of the UK Market Abuse Regulation, is appended further below.
Admission and Disclosure Guidance and Transparency Rules
Application has been made to the London Stock Exchange for, in aggregate, 6,783,575 new Ordinary Shares to be admitted to AIM ("Admission"). It is currently anticipated that Admission will become effective and that dealings in the new Ordinary Shares will commence on AIM at 8.00 a.m. on or around 17 June 2026.
Following Admission, the Company's issued ordinary share capital will comprise 374,986,365 Ordinary Shares with voting rights in the Company. As the Company holds no shares in treasury, this is the total number of the voting rights in the Company which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in the interest, in the share capital of the Company under Chapter 5 of the FCA's Disclosure Guidance and Transparency Rules as reflected in the Company's articles of incorporation.
| a) | Name | Keith Fulton | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Executive Director | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | GCM Resources Plc | ||||
| b) | LEI | 213800MXX5QHZNHCDU55 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 1p each Identification code (ISIN) for GCM Resources plc ordinary shares: GB00B00KV284 | ||||
| b) | Nature of the transaction | Issue of new ordinary shares in consideration of payment of director fees | ||||
| c) | Price(s) and volume(s) |
.40 125,000 78,125 | ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 11 June 2026 | ||||
| f) | Place of the transaction | London Stock Exchange, XLON |
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