Thor Mining PLC Exercise of options by a Director and others (6061G)
November 26 2020 - 3:45AM
UK Regulatory
TIDMTHR
RNS Number : 6061G
Thor Mining PLC
26 November 2020
26 November 2020
THOR MINING PLC
EXERCISE OF OPTIONS
The Board of Thor Mining Plc ("Thor" or the "Company") (AIM,
ASX: THR), is pleased to advise that it has received binding option
exercise notices for the conversion of the following options:
-- 200,000 ASX listed options at an exercise price of A$0.01,
with proceeds of A$2,000 received by the Company; and
-- 416,667 unlisted options at an exercise price of GBP0.01, by
a Director, Mr Mark McGeough, with proceeds of GBP4,166.67 received
by the Company.
The required PDMR announcement in relation to the change in Mr
McGeough's holding will be provided in due course.
Settlement and dealings
Application will be made to the AIM Market of the London Stock
Exchange ("AIM") for 616,667 Thor ordinary shares of 0.01p each
("Ordinary Shares"), pursuant to the options exercised, which rank
pari passu with the Company's existing issued Ordinary Shares, to
be admitted to trading. Dealings on AIM are expected to commence at
8:00am on or around 2 December 2020 ("Admission").
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), following Admission, Thor
will have 1,515,968,526 Ordinary Shares in issue with voting rights
attached. Thor holds no shares in treasury. This figure of
1,515,968,526 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 Company, under the ASX Listing Rules or the
DTRs.
Enquiries:
Mick Billing +61 (8) 7324 Thor Mining PLC Executive Chairman
1935
Ray Ridge +61 (8) 7324 Thor Mining PLC CFO/Company Secretary
1935
Colin Aaronson +44 (0) 207 Grant Thornton Nominated Adviser
383 5100 UK LLP
Nick Emerson +44 (0) 1483 SI Capital Ltd Broker
413 500
Updates on the C o m pan y 's activities are regular ly p o sted
on Thor's we bsite w w w.th o r m i n i ng .c o m , which includes
a facility to regi ster to receive these updates by email, and on
the Co m pan y's twitter page @ThorMining.
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END
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