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3Legs Resources shares up as it confirms £1.1mln pay-out

3Legs Resources shares up as it confirms £1.1mln pay-out

Shares in 3Legs Resources (LON:3LEG) jumped 75% as the company revealed that £1.1mln will be returned to shareholders.

3Legs’ main subsidiary is in the process of being wound up, it estimates the costs to be £100,000.

Investors will receive the remaining £1.1mln of cash which equates to 1.28p per share.

Separately, the listed entity will remain but with a new investment policy focussed on natural resources and technology sectors, and will also raise £800,000 placing priced at 0.232p per share.

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