2 Dec 2008 16:01
Cluff Gold PLC
('Cluff Gold' or the 'Company')
At a meeting of the Company, held earlier today, it was agreed that each non-executive director of Cluff Gold (Messrs Nicholas Berry, Robert Danchin, Timothy Wadeson, Peter Cowley, Ronald Winston, Geoff Stanley and Miss Eileen Carr) would be issued with £5,000 of Cluff Gold shares, in accordance with the terms of their individual letters of appointment.
In total 82,031 ordinary shares of 1p each in the Company (the 'New Ordinary Shares') have been issued at the mid-market closing price on 28 November 2008(32p).
The details of each Director's interest is as set out below:
| Name | Shares Allotted | Existing Holding | Total Holding | Percentage of enlarged share capital |
| E Carr N Berry (1) R Danchin R Winston G Stanley P Cowley T Wadeson | 15,625 15,625 15,625 2,604 2,604 14,323 15,625 | 329,345 991,328 23,663 12,383,591 nil nil 48,663 | 344,970 1,006,953 39,288 12,386,195 2,604 14,323 64,288 | 0.356 1.040 0.041 12.789 0.003 0.015 0.066 |
Note (1) Mr Berry is the legal and beneficial holder of 398,663 Ordinary Shares. In addition, Stancroft Trust Limited, of which Mr Berry is a director, is the shareholder of a further 200,000 Ordinary Shares and Mickelway Limited, a company which is jointly owned by Stancroft Trust Limited and Mr Berry, owns 392,665 Ordinary Shares.
Application will be made for the New Ordinary Shares to be admitted to AIM and dealings in the New Ordinary Shares is expected to commence on 8 December 2008.
The total number of issued ordinary shares in the Company, including the New Ordinary Shares, is now 96,851,331 ordinary shares.
For more information please contact:
| Algy Cluff 020 7340 9790 Pippa Latham | Cluff Gold Plc |
| David Youngman 0161 832 2174 Katy Mitchell | WH Ireland Limited |