TIDMTHR
RNS Number : 7022W
Thor Mining PLC
11 November 2014
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 Total Shares
Held (Following Held (%)
the Issue)
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/ +44 (0) 207 383 Grant Thornton Nominated Adviser
David Hignell/ 5100 UK LLP
Harrison Clarke
Andrew Monk/ +44 (0) 20 3005 VSA Capital Ltd Broker
Bhavesh Patel 5000
Alex Walters +44 (0) 7771 713608 Cadogan PR Financial PR
+44 (0) 207 839
9260
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 Michael Billing is:
(including registered holder) * a trustee and beneficiary of the Lapun Kamap Super
Note: Provide details of Fund and
the circumstances giving
rise to the relevant interest.
* 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 Held by Mr M Billing and Mrs B Billing
change - Indirect 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 The Shares were issued in lieu of
(a) Note: If consideration cash payment for accrued Director's
is non-cash, provide details fees for the period 1 January 2014
and estimated valuation 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 Held by Mr M Billing and Mrs B Billing
after change - Indirect 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 CDIs were acquired as a result of
(b) Example: on-market the approval of a resolution, at
trade, off-market trade, the AGM on 6 November 2014, to issue
exercise of options, issue "Remuneration Shares" to directors
of securities under dividend in lieu of cash payment. See background
reinvestment plan, participation provided at the above section "Value/Consideration".
in buy-back
------------------------------------ -------------------------------------------------------------
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 No.
securities or contracts
detailed above traded during
a +closed period where
prior written clearance
was required?
------------------------------ ----
If so, was prior written N/A
clearance provided to allow
the trade to proceed during
this period?
------------------------------ ----
If prior written clearance N/A
was provided, on what date
was this provided?
------------------------------ ----
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 Michael Ashton is a director of:
(including registered holder) * Ashton Drilling Services Pty Ltd
Note: Provide details of
the circumstances giving
rise to the relevant interest. * 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 Nil
prior to change -Direct
--------------------------------- -----------------------------------------------------
No. of securities held Ashton Drilling Services
prior to change- Indirect * 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 The Shares were issued in lieu of
-- Note: If consideration cash payment for accrued Director's
is non-cash, provide details fees for the period 1 January 2014
and estimated valuation 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 Nil
after change - Direct
--------------------------------- -----------------------------------------------------
No. of securities held Ashton Drilling Services
after change - Indirect * 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 CDIs were acquired as a result of
-- Example: on-market trade, the approval of a resolution, at the
off-market trade, exercise AGM on 6 November 2014, to issue "Remuneration
of options, issue of securities Shares" to directors in lieu of cash
under dividend reinvestment payment. See background provided at
plan, participation in the above section entitled "Value/Consideration".
buy-back
--------------------------------- -----------------------------------------------------
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 No
securities or contracts
detailed above traded during
a +closed period where prior
written clearance was required?
--------------------------------- ----
If so, was prior written N/A
clearance provided to allow
the trade to proceed during
this period?
--------------------------------- ----
If prior written clearance N/A
was provided, on what date
was this provided?
--------------------------------- ----
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 Gregory Michael Durack is:
(including registered holder) * a director of Martineau Resources Pty Ltd, and,
Note: Provide details of the
circumstances giving rise to
the relevant interest. * a trustee of the Durack Ekoyenia Superannuation Fund
--------------------------------- ------------------------------------------------------------------
Date of change 10 November 2014
--------------------------------- ------------------------------------------------------------------
No. of securities held prior * 3,911,736 CDIs
to change - Direct
--------------------------------- ------------------------------------------------------------------
No. of securities held prior Martineau Resources Pty Ltd
to change - Indirect * 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 The Shares were issued in
-- Note: If consideration is lieu of cash payment for accrued
non-cash, provide details and Director's fees for the period
estimated valuation 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 * 3,911,736 CDIs
change - Direct
--------------------------------- ------------------------------------------------------------------
No. of securities held after Martineau Resources Pty Ltd
change - Indirect * 322,276 CDIs
Durack Ekoyenia Superannuation
Fund
* 12,493,696 CDIs
--------------------------------- ------------------------------------------------------------------
Nature of change CDIs were acquired as a result
-- Example: on-market trade, of the approval of a resolution,
off-market trade, exercise at the AGM on 6 November 2014,
of options, issue of securities to issue "Remuneration Shares"
under dividend reinvestment to directors in lieu of cash
plan, participation in buy-back 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 No.
securities or contracts
detailed above traded during
a +closed period where prior
written clearance was required?
--------------------------------- ----
If so, was prior written No.
clearance provided to allow
the trade to proceed during
this period?
--------------------------------- ----
If prior written clearance N/A
was provided, on what date
was this provided?
--------------------------------- ----
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 Shares owned by the Director's spouse,
(including registered holder) Mrs Carolyn Ireland
Note: Provide details of
the circumstances giving
rise to the relevant interest.
---------------------------------- -----------------------------------------------------
Date of change 10 November 2014
---------------------------------- -----------------------------------------------------
No. of securities held 21,357,084 CDIs.
prior to change: Direct.
---------------------------------- -----------------------------------------------------
No. of securities held 850,000 CDIs
prior to change: Indirect.
---------------------------------- -----------------------------------------------------
Class CDIs
---------------------------------- -----------------------------------------------------
Number acquired - Direct 7,758,621 CDIs
---------------------------------- -----------------------------------------------------
Number acquired - Indirect Nil
---------------------------------- -----------------------------------------------------
Number disposed - Direct Nil
---------------------------------- -----------------------------------------------------
Value/Consideration The Shares were issued in lieu of cash
(a) Note: If consideration payment for accrued Director's fees
is non-cash, provide details for the period 1 January 2014 to 30
and estimated valuation 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: 29,115,705 CDIs.
Direct
---------------------------------- ---------------------------------------------------
No. of securities held
after change: 850,000 CDIs
Indirect
---------------------------------- ---------------------------------------------------
Nature of change CDIs were acquired as a result of the
(b) Example: on-market approval of a resolution, at the AGM
trade, off-market trade, on 6 November 2014, to issue "Remuneration
exercise of options, issue Shares" to directors in lieu of cash
of securities under dividend payment. See background provided at
reinvestment plan, participation the above section entitled "Value/Consideration".
in buy-back
---------------------------------- ---------------------------------------------------
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 No
securities or contracts
detailed above traded during
a +closed period where prior
written clearance was required?
--------------------------------- ----
If so, was prior written No
clearance provided to allow
the trade to proceed during
this period?
--------------------------------- ----
If prior written clearance N/A
was provided, on what date
was this provided?
--------------------------------- ----
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 N/A
(including registered holder)
Note: Provide details of
the circumstances giving
rise to the relevant interest.
---------------------------------- -----------------------------------------
Date of change 10 November 2014
---------------------------------- -----------------------------------------
No. of securities held 19,997,657 CDI shares
prior to change: Direct.
---------------------------------- -----------------------------------------
No. of securities held Nil
prior to change: Indirect.
---------------------------------- -----------------------------------------
Class CDIs
---------------------------------- -----------------------------------------
Number acquired - Direct 7,758,621 CDIs
---------------------------------- -----------------------------------------
Number acquired - Indirect Nil
---------------------------------- -----------------------------------------
Number disposed Nil
---------------------------------- -----------------------------------------
Value/Consideration The Shares were issued in lieu of
(e) Note: If consideration cash payment for accrued Director's
is non-cash, provide details fees for the period 1 January 2014
and estimated valuation 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 27,756,278 CDI shares
after change:
Direct
---------------------------------- -----------------------------------------
No. of securities held Nil
after change:
Indirect
---------------------------------- -----------------------------------------
Nature of change CDIs were acquired as a result of
(f) Example: on-market the approval of a resolution, at
trade, off-market trade, the AGM on 6 November 2014, to issue
exercise of options, issue "Remuneration Shares" to directors
of securities under dividend in lieu of cash payment. See background
reinvestment plan, participation provided at the above section entitled
in buy-back "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 No
securities or contracts
detailed above traded during
a +closed period where
prior written clearance
was required?
------------------------------ ----
If so, was prior written N/A
clearance provided to allow
the trade to proceed during
this period?
------------------------------ ----
If prior written clearance N/A
was provided, on what date
was this provided?
------------------------------ ----
This information is provided by RNS
The company news service from the London Stock Exchange
END
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