5
February 2025
Thor
Energy PLC
("Thor"
or the "Company")
Appointment of Managing
Director
Thor Energy plc ("Thor") (AIM,
ASX: THR, OTCQB: THORF) is pleased to announce that Mr
Andrew Hume has agreed to
join the Board as Managing Director based in Perth, Western
Australia.
Andrew has a 27-year career in the
energy sector, holding key roles in multinational companies. He
commenced at Thales Group (previously known as Racal Electronics),
advancing to Geosciences Manager, USA. At Shell and Murphy Oil
Corp, he contributed to geoscience analysis, drilling, asset
management, and portfolio growth. At Maersk Oil and Gas, he led
regional new ventures before steering strategy and performance
across exploration and appraisal. Following the acquisition by
TotalEnergies, he led regional strategy, portfolio, planning and
performance, before delivering business development, leading joint
ventures and managing a multiparty decarbonisation and renewables
project. Andrew's career is marked by global experience and
leadership across business and technical disciplines, principally
in the USA, Australia, Denmark, and the UK. He holds an Executive
MBA with distinction from the University of Cambridge and BSc
(Hons) Geology from the University of St. Andrews.
Alastair Clayton, Executive Chairman commented:
"It's fantastic
to welcome Andrew to the Board of Thor Energy as Managing Director.
Andrew has an outstanding track record in the oil and gas industry
worldwide. Thor has recently entered the nascent natural hydrogen
sector via the soon-to-close Go Exploration acquisition thereby
giving it control of one of only four granted hydrogen licences in
South Australia. Andrew's business leadership and technical skills
in oil and gas are directly applicable to natural hydrogen
exploration and development and will therefore be key in driving
the business forward. With a prospective resource for hydrogen and
helium expected to be completed by leading independent industry
consultants RISC soon, it is particularly satisfying to be able to
cement the executive leadership to take Thor
forward."
AIM
disclosures:
The following information is
disclosed relating to Mr Andrew Hume pursuant to rule 17 and
Schedule Two paragraph (g) of the AIM Rules for
Companies.
Mr Andrew Stephen Hume,
aged 50 years, does not hold
ordinary shares in Thor Energy plc. As part of his Executive
Services Agreement the Company has agreed to issue Mr Hume the
following options as an incentive and shareholder alignment focused
on short, medium and longer-term share price
performance.
i) Options
Series A over 15,000,000 ordinary shares in the Company at a strike
price of 3 cents per share (A$0.03) for a period of 2 years
following the date of issue to the Executive.
ii) Options Series
B over 15,000,000 ordinary shares in the Company at a strike price
of 5 cents per share (A$0.05) for a period of 3 years following the
date of issue to the Executive.
iii) Options Series C
over 15,000,000 ordinary shares in the Company at a strike price of
7 cents per share (A$0.07) for a period of 4 years following the
date of issue to the Executive
The Options will vest incrementally
with Series A vesting immediately upon commencement, Series B, 6
months following the commencement date and Series C, 18 months
following the commencement date.
Mr Hume has been a director of the
following companies during the five years preceding the date of
this announcement:
|
Current directorships / partnerships
|
Past directorships / partnerships within the last five
years
|
|
None
|
None
|
The Board of Thor Energy Plc has
approved this announcement and authorised its release.
For further information on the
Company, please visit the website or please contact the following:
Thor Energy PLC
Alastair Clayton, Executive
Chairman
Rowan Harland, Company Secretary
Tel: +61 (8) 6555 2950
Zeus (Nominated Adviser and Joint Broker)
Antonio Bossi / Darshan Patel /
Gabriella Zwarts
Tel: +44 (0) 203 829
5000
SI
Capital Limited (Joint Broker)
Nick Emerson
Tel: +44 (0) 1483 413 500
Yellow Jersey (Financial PR)
Dom Barretto / Shivantha Thambirajah
/ Bessie Elliot
thor@yellowjerseypr.com
Tel: +44 (0) 20 3004 9512
About Thor Energy Plc
The Company is predominantly focused
on uranium and energy metals and hydrogen and helium that are
crucial in the shift to a clean energy economy.
For further information on Thor
Energy and to see an overview of its projects, please visit the
Company's website at https://thorenergyplc.com/.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
|
1.
|
Details of the PDMR / person closely
associated
|
|
a)
|
Name
|
Andrew Hume
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Managing Director
|
|
b)
|
Initial notification /
amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name
|
Thor Energy 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 the financial
instrument, type of instrument
Identification code
|
Option over Ordinary
Shares
GB00BRJ52319
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
15,000,000 options at an exercise
price of A$0.03
15,000,000 options at an exercise
price of A$0.05
15,000,000 options at an exercise
price of A$0.07
|
|
d)
|
Aggregated information
|
See above
|
|
|
- Aggregated
volume
|
|
|
|
- Price
|
|
|
e)
|
Date of the transaction
|
5 January 2025
|
|
f)
|
Place of the transaction
|
Off market
|
