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Regulatory News


Director/PDMR Shareholding

Fri, 10th Nov 2017 08:06


RNS Number : 1499W
Thor Mining PLC
10 November 2017

10 November 2017

THOR MINING PLC

Director/PDMR Shareholding

Further to the announcement of 2 November 2017, pursuant to the exercise of 10,000,000 warrants by Paul Johnson, Thor Mining Plc ("Thor" or the "Company") has today issued to Paul Johnson 10,000,000 ordinary shares of 0.01p each in the capital of the Company ("Ordinary Shares"). Paul Johnson and his closely associated persons are beneficially interested in 28,002,649 Ordinary Shares, representing 6.04% of the issued capital of the Company, in addition to holding 11,200,000 warrants over Ordinary Shares.

In addition, Paul Johnson has agreed to subscribe for 3,125,000 Ordinary Shares at a price of 0.8p each, with attaching warrants, pursuant to the conditional placing announced on 20 October 2017. Subject to the Company receiving shareholder approval for the placing at the Company's forthcoming Annual General Meeting, following the completion of the placing, Paul Johnson and his closely associated persons will be beneficially interested in 31,127,649 Ordinary Shares, in addition to 14,325,000 warrants over Ordinary shares (excluding the 10,000,000 new options to be issued to Paul Johnson and referred to in the announcement made on 2 November 2017, which is also conditional on shareholder approval at a future General Meeting yet to be convened).

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation and the Australian Securities Exchange, provide further detail.

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

Elliot Hance

†+44 (0) 207382 8300

Beaufort Securities Limited

Joint Broker

Nick Emerson

+44 (0) 1483 413 500

SI Capital Ltd

Joint Broker

Tim Blythe/ Camilla Horsfall

+44 (0) 207 138 3222

Blytheweigh

Financial PR

Updates on the Company's activities are regularly posted on the Thor Mining website; www.thormining.com, which includes a facility to register to receive these updates by email, and on the Company's twitter page @ThorMining.

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Paul Johnson

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Thor Mining Plc

b)

LEI

213800WO61Y9GPALD478

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 0.01 pence each



Identification code

GB00BD0NBV71



b)

Nature of the transaction

Exercise of options over 10,000,000 ordinary shares

c)

Price(s) and volume(s)







Price(s)

Volume(s)




1.25 pence

10,000,000







d)

Aggregated information




- Aggregated volume

Aggregate volume: 10,000,000

Aggregate price: 1.25 pence

Aggregate total: £125,000.00



- Price




e)

Date of the transaction

Option exercise notice received: 2 November 2017

Ordinary shares issued: 10 November 2017

f)

Place of the transaction

London Stock Exchange's AIM Market

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

6 November 2017

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 and Indirect

Nature of indirect interest

(including registered holder)

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

∑††††† Mrs M Johnson (spouse)

∑††††† Value Generation Limited, a company 50% owned by Mr P Johnson and 50% owned by Mrs M Johnson.

Date of change

10 November 2017

No. of securities held prior to change - Direct

∑††††† 12,402,649 Ordinary Shares (AIM listed)

∑††††† 3,200,000 Unlisted Options, exercise price £0.0125, expiry 1/10/18.

∑††††† 10,000,000 Unlisted Options, exercise price £0.0125, expiry 2/9/19.

∑††††† 5,000,000 Unlisted options, exercise price 1.8 pence, expiry 28/7/19.

∑††††† 3,000,000 Unlisted options, exercise price 1.8 pence, expiry 31/3/20.

No. of securities held prior to change - Indirect

∑††††† 4,600,000 Ordinary Shares (AIM listed) held by Mrs M Johnson

∑††††† 1,000,000 Ordinary Shares (AIM listed) held by Value Generation Limited

Class

∑††††† Ordinary Shares

Number acquired - Direct

∑††††† 10,000,000 Ordinary Shares

Number acquired - Indirect

N/A

Number disposed

N/A

Value/Consideration

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

∑††††† 1.25 pence per Ordinary Share, or total consideration of £125,000.

No. of securities held after change - Direct

∑††††† 22,402,649 Ordinary Shares (AIM listed)

∑††††† 3,200,000 Unlisted Options, exercise price £0.0125, expiry 1/10/18.

∑††††† 5,000,000 Unlisted options, exercise price 1.8 pence, expiry 28/7/19.

∑††††† 3,000,000 Unlisted options, exercise price 1.8 pence, expiry 31/3/20.

No. of securities held after change - Indirect

∑††††† 4,600,000 Ordinary Shares (AIM listed) held by Mrs M Johnson

∑††††† 1,000,000 Ordinary Shares (AIM listed) held by Value Generation Limited

Nature of change

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

∑††††† Ordinary Shares acquired through the exercise of options.

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


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


Related Shares:
Thor Mining (THR)



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