Director/PDMR Shareholding

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	[phone]	Thor Mining PLC	Executive Chairman
Ray Ridge	[phone]	Thor Mining PLC	CFO/Company Secretary
Colin Aaronson/ Daniel Bush/ Richard Tonthat	[phone]	Grant Thornton UK LLP	Nominated Adviser
Elliot Hance	[phone]	Beaufort Securities Limited	Joint Broker
Nick Emerson	[phone]	SI Capital Ltd	Joint Broker
Tim Blythe/ Camilla Horsfall	[phone]	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 /Amendment	Initial notification
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 the financial instrument, type of instrument	Ordinary shares of 0.01 pence each
	Identification code	GB00BD0NBV71
b)	Nature of the transaction	Exercise of options over 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: £125,000.00
	- 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 holder) Note: Provide details of the circumstances giving rise to the relevant interest.	·      Mrs M Johnson (spouse) ·      Value Generation Limited, a company 50% owned by Mr P Johnson and 50% owned by Mrs M Johnson.
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 £0.0125, expiry 1/10/18. ·      10,000,000 Unlisted Options, exercise price £0.0125, 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 is non-cash, provide details and estimated valuation	·      1.25 pence per Ordinary Share, or total consideration of £125,000.
No. of securities held after change - Direct	·      22,402,649 Ordinary Shares (AIM listed) ·      3,200,000 Unlisted Options, exercise price £0.0125, 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, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	·      Ordinary Shares acquired through the exercise of options.

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

 

END

 

 

DSHURRWRBSAAARA