TIDMTHR
RNS Number : 1499W
Thor Mining PLC
10 November 2017
10 November 2017
THOR MINING PLC
Director/PDMR Shareholding
Further to the announcement of 2 November 2017, pursuant to the
exercise of 10,000,000 warrants by Paul Johnson, Thor Mining Plc
("Thor" or the "Company") has today issued to Paul Johnson
10,000,000 ordinary shares of 0.01p each in the capital of the
Company ("Ordinary Shares"). Paul Johnson and his closely
associated persons are beneficially interested in 28,002,649
Ordinary Shares, representing 6.04% of the issued capital of the
Company, in addition to holding 11,200,000 warrants over Ordinary
Shares.
In addition, Paul Johnson has agreed to subscribe for 3,125,000
Ordinary Shares at a price of 0.8p each, with attaching warrants,
pursuant to the conditional placing announced on 20 October 2017.
Subject to the Company receiving shareholder approval for the
placing at the Company's forthcoming Annual General Meeting,
following the completion of the placing, Paul Johnson and his
closely associated persons will be beneficially interested in
31,127,649 Ordinary Shares, in addition to 14,325,000 warrants over
Ordinary shares (excluding the 10,000,000 new options to be issued
to Paul Johnson and referred to in the announcement made on 2
November 2017, which is also conditional on shareholder approval at
a future General Meeting yet to be convened).
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation and the Australian
Securities Exchange, provide further detail.
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
Elliot Hance +44 (0) 207382 8300 Beaufort Securities Limited Joint Broker
Nick Emerson +44 (0) 1483 413 500 SI Capital Ltd Joint Broker
Tim Blythe/ Camilla Horsfall +44 (0) 207 138 3222 Blytheweigh Financial PR
Updates on the Company's activities are regularly posted on the
Thor Mining website; www.thormining.com, which includes a facility
to register to receive these updates by email, and on the Company's
twitter page @ThorMining.
Notification of Transactions of Persons Discharging Managerial
Responsibility and Persons Closely Associated with them
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------------
a) Name Paul Johnson
---- ---------------------------- ---------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------
a) Position/status Non-Executive Director
---- ---------------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
---- ---------------------------- ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ---------------------------------------------------------------------
a) Name Thor Mining Plc
---- ---------------------------- ---------------------------------------
b) LEI 213800WO61Y9GPALD478
---- ---------------------------- ---------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- ---------------------------------------------------------------------
a) Description of Ordinary shares of 0.01 pence
the financial each
instrument, type
of instrument
----
Identification GB00BD0NBV71
code
b) Nature of the Exercise of options over
transaction 10,000,000 ordinary shares
---- ---------------------------- ---------------------------------------
c) Price(s) and volume(s)
---- ------------------- ---------------
Price(s) Volume(s)
---- ------------------- ---------------
1.25 pence 10,000,000
----------------------------------------------------- ---------------
d) Aggregated information
----
- Aggregated volume Aggregate volume: 10,000,000
Aggregate price: 1.25 pence
Aggregate total: GBP125,000.00
- Price
e) Date of the transaction Option exercise notice received:
2 November 2017
Ordinary shares issued: 10
November 2017
---- ---------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange's AIM
Market
---- ---------------------------- ---------------------------------------
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 6 November 2017
-------------------- ----------------
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 * Mrs M Johnson (spouse)
holder)
Note: Provide details
of the circumstances * Value Generation Limited, a company 50% owned by Mr P
giving rise to the relevant Johnson and 50% owned by Mrs M Johnson.
interest.
---------------------------------- -------------------------------------------------------------
Date of change 10 November 2017
---------------------------------- -------------------------------------------------------------
No. of securities held
prior to change - Direct * 12,402,649 Ordinary Shares (AIM listed)
* 3,200,000 Unlisted Options, exercise price GBP0.0125,
expiry 1/10/18.
* 10,000,000 Unlisted Options, exercise price
GBP0.0125, expiry 2/9/19.
* 5,000,000 Unlisted options, exercise price 1.8 pence,
expiry 28/7/19.
* 3,000,000 Unlisted options, exercise price 1.8 pence,
expiry 31/3/20.
---------------------------------- -------------------------------------------------------------
No. of securities held
prior to change - Indirect * 4,600,000 Ordinary Shares (AIM listed) held by Mrs M
Johnson
* 1,000,000 Ordinary Shares (AIM listed) held by Value
Generation Limited
---------------------------------- -------------------------------------------------------------
Class * Ordinary Shares
---------------------------------- -------------------------------------------------------------
Number acquired - Direct
* 10,000,000 Ordinary Shares
---------------------------------- -------------------------------------------------------------
Number acquired - Indirect N/A
---------------------------------- -------------------------------------------------------------
Number disposed N/A
---------------------------------- -------------------------------------------------------------
Value/Consideration
Note: If consideration * 1.25 pence per Ordinary Share, or total consideration
is non-cash, provide of GBP125,000.
details and estimated
valuation
---------------------------------- -------------------------------------------------------------
No. of securities held
after change - Direct * 22,402,649 Ordinary Shares (AIM listed)
* 3,200,000 Unlisted Options, exercise price GBP0.0125,
expiry 1/10/18.
* 5,000,000 Unlisted options, exercise price 1.8 pence,
expiry 28/7/19.
* 3,000,000 Unlisted options, exercise price 1.8 pence,
expiry 31/3/20.
---------------------------------- -------------------------------------------------------------
No. of securities held
after change - Indirect * 4,600,000 Ordinary Shares (AIM listed) held by Mrs M
Johnson
* 1,000,000 Ordinary Shares (AIM listed) held by Value
Generation Limited
---------------------------------- -------------------------------------------------------------
Nature of change
Example: on-market trade, * Ordinary Shares acquired through the exercise of
off-market trade, exercise options.
of options, issue of
securities under dividend
reinvestment plan, participation
in buy-back
---------------------------------- -------------------------------------------------------------
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 No.
in the 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?
--------------------------- ----
This information is provided by RNS
The company news service from the London Stock Exchange
END
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