3Legs Resources plc Issue of Ordinary Shares to Directors (9679W)
January 06 2014 - 6:32AM
UK Regulatory
TIDM3LEG
RNS Number : 9679W
3Legs Resources plc
06 January 2014
For Immediate Release
6 January 2014
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 48,162 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 October to 31 December 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 21.80 pence per Share. The total value of the
Issue is GBP10,499.32 and upon its completion the Company will have
84,894,807 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 18,348 512,768 0.60%
--------------- --------------------- ----------------- -----------------------
David Bremner 9,938 113,165 0.13%
--------------- --------------------- ----------------- -----------------------
Richard Hills 9,938 38,165 0.05%
--------------- --------------------- ----------------- -----------------------
Rod Perry 9,938 133,165 0.16%
--------------- --------------------- ----------------- -----------------------
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
Graham Hertrich
Northland Capital Partners Tel: +44 207 796 8800
Louis Castro
Matthew Johnson
FTI Consulting Tel: +44 207 831 3113
Oliver Winters
Shannon Brushe
This information is provided by RNS
The company news service from the London Stock Exchange
END
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