3Legs Resources plc Issue of ordinary shares (6666I)
July 05 2013 - 2:00AM
UK Regulatory
TIDM3LEG
RNS Number : 6666I
3Legs Resources plc
05 July 2013
For Immediate Release
5 July 2013
3Legs Resources plc
Issue of ordinary shares to Directors in part payment of
Directors' fees
3Legs Resources plc (the "Company") announces that it has
approved the issue (the "Issue") and allocation of 24,997 Ordinary
shares of 0.025 pence in the Company ("Shares") to the four
non-executive Directors of the Company, in part payment of
non-executive Directors' fees. As previously announced, the
non-executive Directors of the Company have agreed to reduce their
Directors' fees by 20% and take one third of the balance of their
fees in Shares. The present Issue is in respect of the period from
1 May to 30 June 2013.
The market value of the Shares for the purposes of the Issue is
calculated as their average closing middle market price for the
five dealing days prior to expiry of the period to which the Issue
relates, and equals 28 pence per Share. The total value of the
Issue is GBP6,999.16 and upon its completion the Company will have
84,807,541 shares in issue. Details of the allocations made and the
resulting non-executive Directors' shareholdings are as
follows.
Name Number of new Shares Number of Shares Interest in issued
allocated held following share capital of
Issue the Company following
Issue
Timothy Eggar 9,523 479,523 0.57%
--------------------- ----------------- -----------------------
David Bremner 5,158 95,158 0.11%
--------------------- ----------------- -----------------------
Richard Hills 5,158 20,158 0.02%
--------------------- ----------------- -----------------------
Rod Perry 5,158 115,158 0.14%
--------------------- ----------------- -----------------------
This information is given in compliance with AIM Rule 17.
For further information 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
FTI Consulting Tel: +44 207 831 3113
Oliver Winters
Georgia Mann
This information is provided by RNS
The company news service from the London Stock Exchange
END
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