3Legs Resources plc : Issue of Ordinary Shares to Directors

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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 £10,499.32 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 allocated	Number of Shares held following Issue	Interest in issued share capital of 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:	[phone]
Kamlesh Parmar, Chief Executive Officer
Alexander Fraser, Chief Financial Officer
Jefferies Hoare Govett	Tel:	[phone]
Simon Hardy
Graham Hertrich
Northland Capital Partners	Tel:	[phone]
Louis Castro
Matthew Johnson
FTI Consulting	Tel:	[phone]
Oliver Winters
Shannon Brushe

This information is provided by RNS

The company news service from the London Stock Exchange

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