Last checked at 30 Oct 2012 08:52
THOR MINING PLC
Australian Securities Exchange Waiver
Dated: 30 October 2012
Thor Mining Plc ("Thor" or "the Company") (AIM, ASX: THR) has received a waiver from the Australian Securities Exchange ("ASX") in relation to the requirement to lodge Appendix 3Bs relating to the net change in the numbers of CDIs issued in the Australian market. The Company has announced details of the waiver to the ASX and that announcement is set out below.
Enquiries:
Mick Billing | +61 (8) 7324 1935
| Thor Mining PLC | Executive Chairman |
Allan Burchard | +61 (8) 7324 1935
| Thor Mining PLC | CFO/Company Secretary |
Gerry Beaney/ David Hignell | +44 (0) 207 383 5100
| Grant Thornton Corporate Finance
| Nominated Adviser |
Nick Emerson/ Renato Rufus | +44 (0) 1483 413500 | Simple Investments
| Broker |
Alex Walters/ Lavinia Fiamma | +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.
Company Announcement
Company Announcements Office,
ASX Securities Limited,
20, Bridge Street,
Sydney, N.S.W. 2000
ASX Waiver in relation to lodgement of Appendix 3Bs
Thor Mining Plc ("Thor" or "the Company") (AIM, ASX:THR) notes the favorable decision by ASX in response to Thor's application for a waiver of ASX Listing Rule 2.4 and ASX Listing Rule 2.8 in relation to the lodgement of Appendix 3Bs relating to the net change in the number of CDIs issued in the Australian market.
The full text of the ASX decision, dated 29 October 2012, is extracted below.
"ASX Limited has considered the Company's application and decided as follows:
DECISION
1. Based solely on the information provided, ASX Limited ("ASX") grants Thor Mining PLC (the "Company") the following waivers:
1.1. A waiver from listing rule 2.4 to the extent necessary to permit the Company to only apply for quotation of those CHESS Depositary Interests ("CDIs") issued over its fully paid ordinary shares into the Australian market.
1.2. A waiver from listing rule 2.8 to the extent necessary to allow the Company not to apply for quotation of CDIs which are issued as a result of holders of ordinary shares in the Company converting their shares to CDIs, within 10 business days of issue of those CDIs.
2. The waivers in resolutions 1.1 and 1.2 are subject to the following conditions:
2.1. The Company applies for quotation of CDIs issued into the Australian market on a monthly basis, and the Company provides to the market a monthly update of the net changes in the number of CDIs that are quoted on ASX.
2.2. The Company immediately releases full details of these waivers to the market."
The decision by ASX to grant the waivers will minimise the administrative burden on the Company, while maintaining maximum market transparency and certainty.
For further information, please contact:
THOR MINING PLC
Mick Billing Allan Burchard
Executive Chairman Company Secretary
+61 8 7324 1935 +61 8 7324 1935