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11 Nov 2014 09:42
Tuesday, 11 November 2014
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.
11 November 2014
Company Announcements Office,
ASX Securities Limited,
20, Bridge Street,
Sydney, N.S.W. 2000
Appendix 3Ys - Issue of Shares (as CDIs) to Directors
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX THR) advise that a total of 66,308,276 ordinary shares of 0.01p each ("Ordinary Shares") have been issued, as CDIs, to the Directors of the Company, on the 6 November 2014, as follows:
Director | Shares Issued | Total Shares Held (Following the Issue) | Total Shares Held (%) |
M R Billing | 35,273,792 | 102,658,951 | 3.5% |
M K Ashton | 7,758,621 | 66,471,752 | 2.3% |
G M Durack | 7,758,621 | 16,727,708 | 0.6% |
T J Ireland | 7,758,621 | 29,965,705 | 1.0% |
D E Thomas | 7,758,621 | 27,756,278 | 0.9% |
Total | 66,308,276 | 243,580,394 | 8.3% |
The Ordinary Shares were issued to Directors in lieu of cash payment for accrued Directors' fees for the period 1 January 2014 to 30 September 2014. In the case of Michael Billing, in addition to his Director's fees, a portion of his consultancy fees for the period 1 October 2013 to 31 August 2014 are also being paid by Shares, in lieu of cash payment. These arrangements had been proposed by the Directors as a cost saving initiative (subject to the necessary shareholder approval).
The above issue of Ordinary Shares were approved by shareholders at the Annual General Meeting ("AGM") held on 6 November 2014. For further information refer to the Notice of Meeting lodged with the ASX on 6 October 2014.
Following admission of the above shares on 10 November 2014, the Company's total issued share capital comprises of 2,932,257,879 Ordinary Shares. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company following Admission.
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/ David Hignell/ Harrison Clarke | +44 (0) 207 383 5100
| Grant Thornton UK LLP
| Nominated Adviser |
Andrew Monk/ Bhavesh Patel | +44 (0) 20 3005 5000 | VSA Capital Ltd
| Broker |
Alex Walters | +44 (0) 7771 713608 +44 (0) 207 839 9260 | Cadogan PR | 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 | 30 October 2014 |
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 | 10 November 2014 | ||
No. of securities held before change - Direct |
· 2,976,949 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. · 50,845,087 CDIs
Held by MBB Trading Pty Ltd · 11,063,123 CDIs.
| ||
| Class | · CDIs (ASX) · Shares (AIM)
| |
| Number acquired - Direct | · 7,758,621 CDIs
| |
| Number acquired - Indirect | · 9,000,000 CDIs held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund. · 18,515,171 CDIs held by MBB Trading Pty Ltd
| |
| Number disposed | N/A
| |
| Value/Consideration (a) Note: If consideration is non-cash, provide details and estimated valuation | The Shares were issued in lieu of cash payment for accrued Director's fees for the period 1 January 2014 to 30 September 2014. In the case of Michael Billing, in addition to his Director's fees, a portion of his consultancy fees for the period 1 October 2013 to 31 August 2014 are also being paid by Shares, in lieu of cash payment. The issue of Shares were approved by shareholders at the Annual General Meeting held on 6 November 2014. The value of Director's fees paid by the issue of shares was $22,500 and the value of consulting fees paid by the issue of shares was $79,794. An issue price of $0.0029 was used (being the one month vwap through to 15 September 2014 on the AIM market, converted to AUD at the 15 September 2014 GBP/AUD exchange rate). | |
| No. of securities held after change - Direct |
· 10,735,570 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. · 59,845,087 CDIs
Held by MBB Trading Pty Ltd · 29,578,294 CDIs.
| |
| 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 | CDIs were acquired as a result of the approval of a resolution, at the AGM on 6 November 2014, to issue "Remuneration Shares" to directors in lieu of cash payment. See background provided at the above section "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.
1 Name of Director | Michael Ashton |
Date of last notice | 30 October 2014
|
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 Ashton is a director of: · Ashton Drilling Services Pty Ltd · Mick Ashton Nominees Pty Ltd and owns 100% of the issued share capital of both. · Greenstone Property Pty Ltd and owns a controlling shareholding in that company. |
Date of change | 10 November 2014 |
No. of securities held prior to change -Direct | Nil |
No. of securities held prior to change- Indirect | Ashton Drilling Services · 245,569 CDIs Mick Ashton Nominees Pty Ltd. · 55,566,411 CDIs Mick Ashton Superannuation Fund · 350,453 CDIs Greenstone Property Pty Ltd · 2,550,698 CDIs
|
Class | CDIs
|
Number acquired - Direct | Nil |
Number acquired - Indirect | Mick Ashton Nominees Pty Ltd · 7,758,621 CDIs |
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 accrued Director's fees for the period 1 January 2014 to 30 September 2014. The issue of Shares were approved by shareholders at the Annual General Meeting held on 6 November 2014. The value of Director's fees paid by the issue of shares was $22,500. An issue price of $0.0029 was used (being the one month vwap through to 15 September 2014 on the AIM market, converted to AUD at the 15 September 2014 GBP/AUD exchange rate). |
No. of securities held after change - Direct | Nil
|
No. of securities held after change - Indirect | Ashton Drilling Services · 245,569 CDIs Mick Ashton Nominees Pty Ltd. · 63,325,032 CDIs Mick Ashton Superannuation Fund · 350,453 CDIs Greenstone Property Pty Ltd · 2,550,698 CDIs
|
Nature of change · Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | CDIs were acquired as a result of the approval of a resolution, at the AGM on 6 November 2014, to issue "Remuneration Shares" to directors in lieu of cash payment. See background provided at 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 | Gregory Michael Durack |
Date of last notice | 5 December 2013 |
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.
| Gregory Michael Durack is: · a director of Martineau Resources Pty Ltd, and, · a trustee of the Durack Ekoyenia Superannuation Fund |
Date of change | 10 November 2014 |
No. of securities held prior to change - Direct | · 3,911,736 CDIs |
No. of securities held prior to change - Indirect | Martineau Resources Pty Ltd · 322,276 CDIs
Durack Ekoyenia Superannuation Fund · 4,735,075 CDIs
|
Class | · CDI Shares |
Number acquired - Direct | Nil |
Number acquired - Indirect | · 7,758,621 CDIs held by Durack Ekoyenia Superannuation Fund
|
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 accrued Director's fees for the period 1 January 2014 to 30 September 2014. The issue of Shares were approved by shareholders at the Annual General Meeting held on 6 November 2014. The value of Director's fees paid by the issue of shares was $22,500. An issue price of $0.0029 was used (being the one month vwap through to 15 September 2014 on the AIM market, converted to AUD at the 15 September 2014 GBP/AUD exchange rate). |
No. of securities held after change - Direct
| · 3,911,736 CDIs |
No. of securities held after change - Indirect
| Martineau Resources Pty Ltd · 322,276 CDIs
Durack Ekoyenia Superannuation Fund · 12,493,696 CDIs |
Nature of change · Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | CDIs were acquired as a result of the approval of a resolution, at the AGM on 6 November 2014, to issue "Remuneration Shares" to directors in lieu of cash payment. See background provided at 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 | Trevor John Ireland |
Date of last notice | 30 October 2014 |
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 and Indirect | |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
| Shares owned by the Director's spouse, Mrs Carolyn Ireland | |
Date of change | 10 November 2014 | |
No. of securities held prior to change: Direct. | 21,357,084 CDIs. | |
No. of securities held prior to change: Indirect. | 850,000 CDIs | |
Class | CDIs
| |
Number acquired - Direct | 7,758,621 CDIs | |
Number acquired - Indirect | Nil | |
Number disposed - Direct | Nil | |
Value/Consideration (a) Note: If consideration is non-cash, provide details and estimated valuation | The Shares were issued in lieu of cash payment for accrued Director's fees for the period 1 January 2014 to 30 September 2014. The issue of Shares were approved by shareholders at the Annual General Meeting held on 6 November 2014. The value of Director's fees paid by the issue of shares was $22,500. An issue price of $0.0029 was used (being the one month vwap through to 15 September 2014 on the AIM market, converted to AUD at the 15 September 2014 GBP/AUD exchange rate). |
|
No. of securities held after change: Direct |
29,115,705 CDIs.
|
|
No. of securities held after change: Indirect |
850,000 CDIs |
|
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 | CDIs were acquired as a result of the approval of a resolution, at the AGM on 6 November 2014, to issue "Remuneration Shares" to directors in lieu of cash payment. See background provided at 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? | 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 | 30 October 2014 |
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 | 10 November 2014 |
No. of securities held prior to change: Direct. | 19,997,657 CDI shares |
No. of securities held prior to change: Indirect. | Nil |
Class | CDIs
|
Number acquired - Direct | 7,758,621 CDIs |
Number acquired - Indirect | Nil |
Number disposed | Nil |
Value/Consideration (e) Note: If consideration is non-cash, provide details and estimated valuation | The Shares were issued in lieu of cash payment for accrued Director's fees for the period 1 January 2014 to 30 September 2014. The issue of Shares were approved by shareholders at the Annual General Meeting held on 6 November 2014. The value of Director's fees paid by the issue of shares was $22,500. An issue price of $0.0029 was used (being the one month vwap through to 15 September 2014 on the AIM market, converted to AUD at the 15 September 2014 GBP/AUD exchange rate). |
No. of securities held after change: Direct | 27,756,278 CDI shares |
No. of securities held after change: Indirect | Nil |
Nature of change (f) Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | CDIs were acquired as a result of the approval of a resolution, at the AGM on 6 November 2014, to issue "Remuneration Shares" to directors in lieu of cash payment. See background provided at 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 (g) Note: Details are only required for a contract in relation to which the interest has changed
| |
Interest acquired | |
Interest disposed | |
Value/Consideration (h) 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 |
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