Source - RNS
RNS Number : 5472M
Thor Mining PLC
14 October 2016
 

 

Friday, 14 October 2016

 

THOR MINING PLC

 

Thor Mining PLC ("Thor" or the "Company")

 

The Directors of Thor Mining PLC (AIM, ASX: THR) today released the following announcement on the Australian Securities Exchange ("ASX") as required under the listing rules of the ASX.

 

 

14 October 2016

 

Company Announcements Office,

ASX Securities Limited,

20 Bridge Street,

Sydney, N.S.W. 2000.

 

 

Appendix 3Ys - Issue of Shares and Options to Directors

 

The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX THR) advise that a total of 376,796,000 CDIs or Ordinary Shares, together with 926,796,000 Unlisted Options (termed Warrants in the UK) have been issued to Directors on the 7 October 2016 and 11 October 2016, following shareholder approval on 6 October 2016.  The table below summarises the securities issued and the resultant balance of securities held by Directors following the issue, including the resultant percentage of issued capital.

 

Director

Shares/CDIs issued

Resultant Shares/CDIs held

Options issued

Resultant Options held


Number

Number

%

Number

Number

Michael Billing

219,126,000

523,437,378

7.0%

319,126,000

319,126,000

David Thomas

57,670,000

133,330,470

1.8%

157,670,000

157,670,000

Gervaise Heddle

100,000,000

100,000,000

1.3%

200,000,000

200,000,000

Paul Johnson

-

112,066,237

1.5%

250,000,000

330,000,000

Total

376,796,000

868,834,085

11.6%

926,796,000

1,006,796,000

 

The applicable Appendix 3Y's are attached.

 

Enquiries:

Mick Billing

+61 (8) 7324 1935

Thor Mining PLC

Executive Chairman

Ray Ridge

+61 (8) 7324 1935

Thor Mining PLC

CFO/Company

Secretary

Colin Aaronson/

Daniel Bush/

Richard Tonthat

+44 (0) 207 383 5100

Grant Thornton UK LLP

 

Nominated Adviser

Gerry Beaney/

David Hignell

John Howes

+44 (0) 20 3861 6625

Northland Capital Partners Limited

Joint Broker

Nick Emerson /

Andy Thacker

+44 (0) 1483 413 500

SI Capital

Joint Broker

Tim Blythe/

Camilla Horsfall

+44 (0) 207 138 3222

Blytheweigh

Financial PR

 

Updates on the Company's activities are regularly posted on Thor's website www.thormining.com,

which includes a facility to register to receive these updates by email.


 

Rule 3.19A.2

Appendix 3Y

 

Change of Director's Interest Notice

 

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

 

Name of entity:   Thor Mining PLC

ARBN:   121 117 673

 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

 

Name of Director

Michael Robert Billing

Date of last notice

24 May 2015

 

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 

Direct or indirect interest

Direct & Indirect

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

 

Michael Billing is:

·    a trustee and beneficiary of the Lapun  Kamap Super Fund and

·    a director and shareholder of MBB Trading Pty Ltd.

Date of change

11 October 2016

No. of securities held before change - Direct

·    58,639,762 CDIs

·    2,500,000 AIM listed Shares

 

No. of securities held before change - Indirect

Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund.

·      120,216,268 CDIs

 

Held by MBB Trading Pty Ltd

·      122,955,348 CDI

Class

·    CDIs (ASX listed)

·    Unlisted Options (expiry 11 April 2019, exercise price £0.0005)

·    Unlisted Options (expiry 26 July 2019, exercise price £0.0005)

Number acquired - Direct

N/A

 

Number acquired - Indirect

Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund:

·      139,126,000 CDIs

·      139,126,000 Unlisted Options (expiry 11 April 2019, exercise price £0.0005)

·      100,000,000 Unlisted Options (expiry 26 July 2019, exercise price £0.0005)

MBB Trading Pty Ltd:

·      80,000,000 CDIs

·      80,000,000 Unlisted Options (expiry 11 April 2019, exercise price £0.0005)

 

 

 

 

Number disposed

N/A

 

Value/Consideration

(a)            Note: If consideration is non-cash, provide details and estimated valuation

- Conversion of A$95,000 owed to Mr Billing, into a total of 219,126,000 CDI's at 0.025p per share and 219,126,000 Unlisted Options (expiry 11 April 2016).  The price per share and the attaching Options is consistent with the most recent placements to investors (refer ASX announcement 2 September 2016).  The amount owed comprised outstanding salaries (A$55,000) and repayment of loans advanced to the Company (A$40,000).

- Nil consideration for the 100,000,000 Unlisted Options (expiry 26 July 2016).  These Unlisted Options were granted in addition to any Director remuneration and is intended to act as an incentive, to align Directors with the Company's strategic plan and focus on optimising performance.

No. of securities held after change - Direct

·    58,639,762 CDIs

·    2,500,000 AIM listed Shares

No. of securities held after change - Indirect

Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund.

·      259,342,268 CDIs

·      139,126,000 Unlisted Options (expiry 11 April 2019, exercise price £0.0005)

·      100,000,000 Unlisted Options (expiry 26 July 2019, exercise price £0.0005)

 

Held by MBB Trading Pty Ltd

·      202,955,348 CDI

·      80,000,000 Unlisted Options (expiry 11 April 2019, exercise price £0.0005)

Nature of change

(b)            Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

All securities were issued following shareholder approval on 6 October 2016.

Refer to the above section entitled "Value/ Consideration".

 

Part 2 - Change of director's interests in contracts

 

Detail of contract


Nature of interest

 


Name of registered holder

(if issued securities)

 


Date of change


No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

 


Interest acquired


Interest disposed

 


Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

 


Interest after change


 

Part 3 - +Closed period

 

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?

 

No.

If so, was prior written clearance provided to allow the trade to proceed during this period?

N/A

 

If prior written clearance was provided, on what date was this provided?

 

N/A


Rule 3.19A.2

Appendix 3Y

 

Change of Director's Interest Notice

 

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

 

Name of entity:   Thor Mining PLC

ARBN:   121 117 673

 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

 

Name of Director

Gervaise Heddle

Date of last notice

29 July 2016

 

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 

Direct or indirect interest

Direct

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

 

N/A

 

Date of change

11 October 2016 and 7 October 2016

No. of securities held prior to change -Direct

Nil

No. of securities held prior to change- Indirect

Nil

 

Class

·      Ordinary Shares (AIM listed) - issued 7 October 2016

·      Unlisted Options (expiry 7 April 2019, exercise price £0.0005) - issued 7 October 2016

·      Unlisted Options (expiry 26 July 2019, exercise price £0.0005) - issued 11 October 2016

Number acquired - Direct

·      100,000,000 Ordinary Shares

·      100,000,000 Unlisted Options (expiry 7 April 2019, exercise price £0.0005)

·      100,000,000 Unlisted Options (expiry 26 July 2019, exercise price £0.0005)

 

 

 ? or indirect

 

Number acquired - Indirect

N/A

Number disposed

N/A

Value/Consideration

·              Note: If consideration is non-cash, provide details and estimated valuation

- The Ordinary Shares were issued at a price of £0.00025 per Share with free attaching Unlisted Options (expiry 7 April 2016) on the basis of one Option for each Ordinary Share subscribed.  Mr Heddle participated in a placement made to external investors.  The terms of the placement to Mr Heddle was consistent with that of other placees.

- Nil consideration for the 100,000,000 Unlisted Options (expiry 26 July 2016).  These Unlisted Options were granted in addition to any Director remuneration and is intended to act as an incentive, to align Directors with the Company's strategic plan and focus on optimising performance.

 

No. of securities held after change - Direct

·      100,000,000 Ordinary Shares

·      100,000,000 Unlisted Options (expiry 7 April 2019, exercise price £0.0005)

·      100,000,000 Unlisted Options (expiry 26 July 2019, exercise price £0.0005)

 

No. of securities held after change - Indirect

Nil

 

Nature of change

·              Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

All securities were issued following shareholder approval on 6 October 2016.

Refer to the above section entitled "Value/ Consideration".

 



 

Part 2 - Change of director's interests in contracts

 

Detail of contract


Nature of interest

 

 


Name of registered holder

(if issued securities)

 


Date of change


No. and class of securities to which interest related prior to change

·              Note: Details are only required for a contract in relation to which the interest has changed

 


Interest acquired


Interest disposed


Value/Consideration

·              Note: If consideration is non-cash, provide details and an estimated valuation

 


Interest after change


 

 

Part 3 - +Closed period

 

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?

No

If so, was prior written clearance provided to allow the trade to proceed during this period?

N/A

If prior written clearance was provided, on what date was this provided?

N/A


Rule 3.19A.2

Appendix 3Y

 

Change of Director's Interest Notice

 

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01  Amended 01/01/11

 

Name of entity                    Thor Mining PLC

ABN                                    121 117 673

 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

 

Name of Director

Paul Johnson

Date of last notice

8 September 2016

 

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

 

Direct or indirect interest

Direct

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

 

N/A

Date of change

11 October 2015

No. of securities held prior to change - Direct

·      112,066,237 Ordinary Shares (AIM listed)

·      80,000,000 Unlisted Options (expiry 1 December 2018, exercise price £0.0005)

No. of securities held prior to change - Indirect

Nil

 

Class

·     Unlisted Options (expiry 2 September 2019, exercise price £0.0005)

Number acquired - Direct

250,000,000 Unlisted Options (expiry 2 September 2019, exercise price £0.0005)

Number acquired - Indirect

Nil

 

Number disposed

Nil

 

Value/Consideration

·                      Note: If consideration is non-cash, provide details and estimated valuation

·             

The Shares were issued in lieu of cash payment for Director's fees for one year from the date of appointment on 2 September 2016.  The issue of the Unlisted Options was approved by shareholders on 6 October 2016.

The value of annual Director's fees that would have otherwise been payable is $40,000.

No. of securities held after change - Direct

 

 

 

·      112,066,237 Ordinary Shares (AIM listed)

·      80,000,000 Unlisted Options (expiry 1 December 2018, exercise price £0.0005)

·      250,000,000 Unlisted Options (expiry 2 September 2019, exercise price £0.0005)

No. of securities held after change - Indirect

 

Nil

 

Nature of change

·                      Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

The Unlisted Options were issued following shareholder approval on 6 October 2016.

Refer to the above section entitled "Value/ Consideration".

 



 

Part 2 - Change of director's interests in contracts

 

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

 

Detail of contract


Nature of interest

 

 


Name of registered holder

(if issued securities)

 


Date of change


No. and class of securities to which interest related prior to change

·                      Note: Details are only required for a contract in relation to which the interest has changed

 


Interest acquired


Interest disposed


Value/Consideration

·                      Note: If consideration is non-cash, provide details and an estimated valuation

 


Interest after change


 

Part 3 - +Closed period

 

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?

No.

If so, was prior written clearance provided to allow the trade to proceed during this period?

No.

If prior written clearance was provided, on what date was this provided?

N/A

 

 

 


Rule 3.19A.2

Appendix 3Y

 

Change of Director's Interest Notice

 

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

 

Name of entity:   Thor Mining PLC

ARBN:          121 117 673

 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

 

·              Name of Director

David Edward Thomas

Date of last notice

17 December 2015

 

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 

Direct or indirect interest

Direct

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

 

N/A

Date of change

11 October 2016

No. of securities held prior to change:        Direct.

75,660,470  CDIs

No. of securities held prior to change:        Indirect.

Nil

Class

·      CDIs (ASX listed)

·      Unlisted Options (expiry 11 April 2019, exercise price £0.0005)

·      Unlisted Options (expiry 26 July 2019, exercise price £0.0005)

Number acquired - Direct

·      57,670,000 CDIs

·      57,670,000 Unlisted Options (expiry 11 April 2019, exercise price £0.0005)

·      100,000,000 Unlisted Options (expiry 26 July 2019, exercise price £0.0005)

Number acquired - Indirect

Nil

Number disposed

Nil

Value/Consideration

(a)            Note: If consideration is non-cash, provide details and estimated valuation

- Conversion of A$25,000 owed to Mr Thomas, into a total of 57,670,000 CDI's at 0.025p per share and 57,670,000 Unlisted Options (expiry 11 April 2016).  The price per share and the attaching Options is consistent with the most recent placement to investors (refer ASX announcement 2 September 2016).

- Nil consideration for the 100,000,000 Unlisted Options (expiry 26 July 2016).  These Unlisted Options were granted in addition to any Director remuneration and is intended to act as an incentive, to align Directors with the Company's strategic plan and focus on optimising performance.

No. of securities held after change:

Direct

·      133,330,470 CDIs

·      57,670,000 Unlisted Options (expiry 11 April 2019, exercise price £0.0005)

·      100,000,000 Unlisted Options (expiry 26 July 2019, exercise price £0.0005)

No. of securities held after change:

Indirect

Nil

Nature of change

(b)            Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

All securities were issued following shareholder approval on 6 October 2016.

Refer to the above section entitled "Value/ Consideration".

 

Part 2 - Change of director's interests in contracts

Detail of contract


Nature of interest

 

 


Name of registered holder

(if issued securities)

 


Date of change


No. and class of securities to which interest related prior to change

(c)            Note: Details are only required for a contract in relation to which the interest has changed

 


Interest acquired


Interest disposed


Value/Consideration

(d)           Note: If consideration is non-cash, provide details and an estimated valuation

 


Interest after change


Part 3 - +Closed period

 

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?

No

If so, was prior written clearance provided to allow the trade to proceed during this period?

N/A

If prior written clearance was provided, on what date was this provided?

N/A

                                                                                                                 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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