Appendix 3Y

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 Held (Following the Issue)	Total Shares Held (%)
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	[phone]	Thor Mining PLC	Executive Chairman
Ray Ridge	[phone]	Thor Mining PLC	CFO/Company Secretary
Colin Aaronson/ David Hignell/ Harrison Clarke	[phone]	Grant Thornton UK LLP	Nominated Adviser
Andrew Monk/ Bhavesh Patel	[phone]	VSA Capital Ltd	Broker
Alex Walters	[phone] [phone]	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.

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Michael Billing is: ·    a trustee and beneficiary of the Lapun  Kamap Super Fund and ·    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 change - Indirect		Held by Mr M Billing and Mrs B Billing 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 (a)            Note: If consideration is non-cash, provide details and estimated valuation		The Shares were issued in lieu of cash payment for accrued Director's 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.  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 after change - Indirect		Held by Mr M Billing and Mrs B Billing 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 (b)            Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		CDIs were acquired as a result of the approval of a resolution, at the AGM on 6 November 2014, to issue "Remuneration Shares" to directors in lieu of cash payment.  See background provided at the above section "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 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 securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No.
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Michael Ashton is a director of: ·      Ashton Drilling Services Pty Ltd ·      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 prior to change -Direct	Nil
No. of securities held prior to change- Indirect	Ashton Drilling Services ·      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 ·              Note: If consideration is non-cash, provide details and estimated valuation	The Shares were issued in lieu of cash payment for accrued Director's fees for the period 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 change - Direct	Nil
No. of securities held after change - Indirect	Ashton Drilling Services ·      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 ·              Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	CDIs were acquired as a result of the approval of a resolution, at the AGM on 6 November 2014, to issue "Remuneration Shares" to directors in lieu of cash payment.  See background provided at the above section entitled  "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 ·              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 securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Gregory Michael Durack is: ·     a director of Martineau Resources Pty Ltd, and, ·    a trustee of the Durack Ekoyenia Superannuation Fund
Date of change	10 November 2014
No. of securities held prior to change - Direct	·      3,911,736 CDIs
No. of securities held prior to change - Indirect	Martineau Resources Pty Ltd ·      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 ·                      Note: If consideration is non-cash, provide details and estimated valuation ·	The Shares were issued in lieu of cash payment for accrued Director's fees for the period 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 change - Direct	·      3,911,736 CDIs
No. of securities held after change - Indirect	Martineau Resources Pty Ltd ·      322,276 CDIs Durack Ekoyenia Superannuation Fund ·      12,493,696 CDIs
Nature of change ·                      Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	CDIs were acquired as a result of the approval of a resolution, at the AGM on 6 November 2014, to issue "Remuneration Shares" to directors in lieu of cash 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 securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No.
If so, was prior written clearance provided to allow the trade to proceed during this period?	No.
If prior written clearance was provided, on what date was this provided?	N/A

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares owned by the Director's spouse, Mrs Carolyn Ireland
Date of change	10 November 2014
No. of securities held prior to change:        Direct.	21,357,084 CDIs.
No. of securities held prior to change:        Indirect.	850,000 CDIs
Class	CDIs
Number acquired - Direct	7,758,621 CDIs
Number acquired - Indirect	Nil
Number disposed  - Direct	Nil
Value/Consideration (a)            Note: If consideration is non-cash, provide details and estimated valuation	The Shares were issued in lieu of cash payment for accrued Director's fees for the period 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 change: Direct	29,115,705 CDIs.
No. of securities held after change: Indirect	850,000 CDIs
Nature of change (b)            Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	CDIs were acquired as a result of the approval of a resolution, at the AGM on 6 November 2014, to issue "Remuneration Shares" to directors in lieu of cash payment.  See background provided at the above section entitled  "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 (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 securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	No
If prior written clearance was provided, on what date was this provided?	N/A

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	10 November 2014
No. of securities held prior to change:        Direct.	19,997,657  CDI shares
No. of securities held prior to change:        Indirect.	Nil
Class	CDIs
Number acquired - Direct	7,758,621 CDIs
Number acquired - Indirect	Nil
Number disposed	Nil
Value/Consideration (e)            Note: If consideration is non-cash, provide details and estimated valuation	The Shares were issued in lieu of cash payment for accrued Director's fees for the period 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 change: Direct	27,756,278  CDI shares
No. of securities held after change: Indirect	Nil
Nature of change (f)             Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	CDIs were acquired as a result of the approval of a resolution, at the AGM on 6 November 2014, to issue "Remuneration Shares" to directors in lieu of cash payment.  See background provided at the above section entitled  "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 securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

 

END

 

 

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