15 Dec 2011 13:04
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 |