Director/PDMR Shareholding (0711U)

TIDM3LEG

RNS Number : 0711U

3Legs Resources plc

15 December 2011

3Legs Resources plc

Director/ senior manager purchases of ordinary shares

3Legs Resources plc (the "Company") announces that it has received notice of the following purchases of ordinary shares in the Company by a director and a senior manager.

1. On 14 December 2011 Peter Clutterbuck, Chief Executive Officer of the Company, purchased 20,000 ordinary shares of 0.025 pence each in the Company at a price of 64 pence per share. The purchased shares will be held in a self-invested personal pension plan of which Peter Clutterbuck has beneficial ownership.

Following this transaction, Peter Clutterbuck now holds a beneficial interest in a total of 86,664 ordinary shares of 0.025 pence each in the Company, representing 0.10 per cent. of the issued share capital of the Company. All of the aforementioned shares (including the 20,000 ordinary shares the subject of this announcement) are subject to lock-up arrangements until 13 June 2012, being 365 days from admission of the issued share capital of the Company to trading on AIM. The aforementioned shares are in addition to 420,000 restricted shares which were awarded to Peter Clutterbuck under a share award plan established in March 2011, as disclosed in the Company's Admission Document at the time of its admission to AIM on 14 June 2011. At the current time, none of the restricted shares have yet vested in accordance with the terms of the share award plan.

2. On 15 December 2011 Kamlesh Parmar, Commercial Director and Poland Country Manager, purchased 13,000 ordinary shares of 0.025 pence each in the Company at a price of 67.5 pence per share. The purchased shares will be held in a self-invested personal pension plan of which Kamlesh Parmar has beneficial ownership.

Following this transaction, Kamlesh Parmar now holds a beneficial interest in a total of 3,411,916 ordinary shares of 0.025 pence each in the Company, representing 4.02 per cent. of the issued share capital of the Company. All of the aforementioned shares (including the 13,000 ordinary shares the subject of this announcement) are subject to lock-up arrangements until 13 June 2012, being 365 days from admission of the issued share capital of the Company to trading on AIM.

For further information please contact:

 
 3Legs Resources plc         Tel:    +44 1624 811 611 
 Peter Clutterbuck, Chief 
  Executive Officer 
 Alexander Fraser, Chief 
  Financial Officer 
 
 Jefferies International 
  Limited                    Tel:    +44 207 029 8000 
 Chris Snoxall 
 Alex Grant 
 
 College Hill                Tel:    +44 207 457 2020 
 Nick Elwes 
 Catherine Maitland

This information is provided by RNS

The company news service from the London Stock Exchange

END

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