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14 Oct 2016 07:00
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 |
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