CAN Central A.G.

RNS Number:7703O
Central African Gold PLC
26 February 2008





               Central African Gold Plc ('CAG' or the 'Company')

                          Employee Share Option Scheme

Central African Gold Plc, the AIM traded gold mining and exploration company,
has announced that 3,549,000 share options have been granted to executive
Directors and employees of CAG following the Board meeting of 15 January 2008
approving the grant of options in principle, based on the closing mid market
price on 14 January 2008, subject to consultation with a number of major
shareholders. The consultation process was completed on 22 February 2008 and
accordingly the options were formally granted on 25 February 2008.

The number of options granted and the total number of options now held by such
employees is as follows:

                         Number of options granted       Total number of options
                                                            held following grant
Greg Hunter                                400,000                     2,000,000
Charles Prentice                         1,000,000                     1,000,000
Other employees                          2,149,000                     9,220,000
Total                                    3,549,000                    12,220,000


Each option is convertible into one ordinary share of 0.5p each in the Company
("Ordinary Share") at an exercise price of 27.75p per share, vesting over three
years in equal tranches from the date of grant, with each tranche exercisable
within five years of vesting.

The Directors' interests in the existing issued share capital of the Company are
as follows:

                               Number of Ordinary         % of existing Ordinary
                                           Shares                         Shares
Greg Hunter                               800,000                           0.5%
Charles Prentice                                -                           0.0%
Roy Pitchford                           6,400,000                           3.8%
Total                                   7,200,000                           4.3%


                                    **ENDS**



Enquiries:

Central African Gold Plc
Greg Hunter/Nicole Broome
Tel: +27 (0) 11 676 2500

Strand Partners Limited
Simon Raggett/Braden Saunders
Tel: +44 (0) 20 7409 3494






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
RDSBDGDDDUDGGIL

Central African Gold (LSE:CAN)
Historical Stock Chart
From Jun 2024 to Jul 2024

Central African Gold (LSE:CAN)
Historical Stock Chart
From Jul 2023 to Jul 2024