3Legs Resources plc Results of AGM and EGM (8115C)

TIDM3LEG

RNS Number : 8115C

3Legs Resources plc

19 April 2013

3Legs Resources plc

Results of Annual General Meeting and Extraordinary General Meeting

At the Annual General Meeting of 3Legs Resources plc (the "Company") held today, Resolutions number 1 to 4 contained in the Notice of Annual General Meeting and put to the meeting were duly approved. Resolution number 5, which was proposed as a special resolution, was not approved.

At the Extraordinary General Meeting of 3Legs Resources plc held today, all the Resolutions contained in the Notice of Extraordinary General Meeting and put to the meeting were rejected, as recommended by the Board.

All the resolutions were decided by way of a poll. Details of the votes cast were as follows:

   a)   Annual General Meeting 
 
 Resolution   In favour     Against      Withheld 
-----------  -----------  -----------  ----------- 
          1   58,821,339    2,124,900   12,000,500 
-----------  -----------  -----------  ----------- 
          2   58,820,620    2,126,119   12,000,000 
-----------  -----------  -----------  ----------- 
          3   70,820,620    2,126,119            0 
-----------  -----------  -----------  ----------- 
          4   58,821,839    2,124,900   12,000,000 
-----------  -----------  -----------  ----------- 
          5   45,691,839   27,054,900      200,000 
-----------  -----------  -----------  ----------- 
 
   b)   Extraordinary General Meeting 
 
 Resolution   In favour     Against     Withheld 
-----------  -----------  -----------  --------- 
          1   34,409,584   44,812,911    320,000 
-----------  -----------  -----------  --------- 
          2   32,735,588   46,806,907          0 
-----------  -----------  -----------  --------- 
          3   32,735,588   46,806,907          0 
-----------  -----------  -----------  --------- 
          4   34,662,916   44,879,579          0 
-----------  -----------  -----------  --------- 
          5   32,492,916   47,049,579          0 
-----------  -----------  -----------  --------- 
          6   32,735,588   46,806,907          0 
-----------  -----------  -----------  --------- 
          7   34,662,916   44,879,579          0 
-----------  -----------  -----------  ---------

Tim Eggar, Chairman of the Company, commented, "We are delighted with the results of the Extraordinary General Meeting, which is the result of the second EGM requisition notice we have had to deal with in 6 months. Both EGM requisitions had similar objectives and we have had to incur considerable expense, both in terms of Board and management time and in terms of advisers' costs, to respond to them in the appropriate fashion.

We believe the results of the Extraordinary General Meeting clearly demonstrate that the majority of our shareholders, representing in excess of 56% of votes cast, continue to support the Board's belief in the significant potential of our Polish Baltic Basin concessions. We confirm that we are proceeding with our previously announced work programme, as agreed with ConocoPhillips, and we look forward to seeing the results in due course."

For further information please contact:

 
 3Legs Resources plc                  Tel:    +44 1624 811 611 
 Kamlesh Parmar, Chief Executive 
  Officer 
 Alexander Fraser, Chief Financial 
  Officer 
 
 Jefferies Hoare Govett               Tel:    +44 207 029 8000 
 Simon Hardy 
 Jamie Buckland 
 
 Northland Capital Partners           Tel:    +44 207 796 8800 
 Louis Castro 
 Matthew Johnson 
 
 College Hill                         Tel:    +44 207 457 2020 
 Matthew Tyler 
 Catherine Wickman

This information is provided by RNS

The company news service from the London Stock Exchange

END

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