RNS Number : 9477B
Cluff Gold PLC
04 November 2009
For immediate release on 4 November 2009
CLUFF GOLD PLC
("Cluff Gold" or the "Company")
Additional Listing and Director's Shareholding
London, England, 4 November 2009 - Cluff Gold, the West African focused gold mining company, today announces that it has approved the issue of 400,000 ordinary shares ("Ordinary Shares") of 1 pence each in the Company (the "New Ordinary Shares"). Application has been made for the New Ordinary Shares to be admitted to trading on the London Stock Exchange's AIM market for listed securities ("Admission").
The 400,000 New Ordinary Shares are being issued pursuant to the exercise of options by Mr JG Cluff, Chairman and Chief Executive of the Company. Mr Cluff has notified the Company that on the same day, 4 November 2009, he sold these 400,000 Ordinary Shares at a price of 70 pence per Ordinary Share. Mr Cluff's beneficial interest in the Company's shares following the sale is as shown below:
Number of Ordinary Shares held
Percentage of enlarged Ordinary Share capital
Mr JG Cluff
Following the exercise of these options, Mr Cluff holds 850,000 options to subscribe for Ordinary Shares in the Company, representing 0.72 per cent. of the enlarged Ordinary Share capital.
Admission and dealings in the New Ordinary Shares are expected to become effective on Tuesday, 10 November 2009. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
Following Admission, the total issued share capital of the Company will be 117,536,331 Ordinary Shares, all of which have voting rights.
The above figure 117,536,331 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Cluff Gold under the FSA's Disclosure and Transparency Rules.
Read about Cluff at www.shareguardian.co.uk