Director/PDMR Shareholding

RNS Number : 9707X

Thor Mining PLC

30 November 2017

 

Thursday, 30 November 2017

THOR MINING PLC

 ("Thor" or the "Company")

Director/PDMR Shareholding

The Directors of Thor Mining PLC (AIM, ASX: THR) wish to advise of the issue of ordinary shares of 0.01p each in the capital of the Company ("Ordinary Shares") and warrants over Ordinary Shares, pursuant to the completion of the placing announced on 20 October 2017 to Mick Billing and Paul Johnson, both Directors of Thor, as approved by shareholders at the Annual General Meeeting held on 29 November 2017.

The table below summarises the securities issued and the resultant balance of securities held by Mick Billing and Paul Johnson following the issue, including the resultant percentage of the issued share capital held by each Director and their closely associated persons.

Director	Ordinary Shares issued (Placement Participation)	Resultant Ordinary Shares held		Warrants Granted (Placement Participation)	Resulting Warrants held
	Number	Number	%	Number	Number
Michael Billing	3,000,000	31,265,242	5.44%	3,000,000	21,765,040
Paul Johnson	3,125,000	31,127,649	5.41%	3,125,000	14,325,000*

* Excludes the proposed issue of 10,000,000 new options to Paul Johnson, referred to in the announcement dated 2 November 2017, which is conditional on shareholder approval at a future general meeting yet to be convened.

The relevant details are provided in the notifications below, made in accordance with the requirements of the EU Market Abuse Regulation and the Australian Securities Exchange.

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 Thor's website www.thormining.com, which includes a facility to register to receive these updates by email, and on the Company's twitter page @ThorMining.

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	28 July 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

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 ·    a trustee and beneficiary of the Lapun Kamap BB Super Fund ·    a director and shareholder of MBB Trading Pty Ltd.
Date of change	30 November 2017
No. of securities held before change - Direct	·      6,173,340 CDIs ·      100,000 AIM listed Shares ·      3,000,000 Unlisted options, exercise price 1.8 pence, expiry 31/3/20.
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. ·      11,873,689 CDIs ·      5,565,040 Unlisted Options, exercise price £0.0125, expiry 11/4/19. ·      4,000,000 Unlisted Options, exercise price £0.0125, expiry 26/7/19. ·      1,000,000 Unlisted options, exercise price 1.8 pence, expiry 28/7/19. Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap BB Super Fund. ·      1,000,000 CDIs ·      1,000,000 Unlisted options, exercise price 1.8 pence, expiry 28/7/19. Held by MBB Trading Pty Ltd ·      9,118,213 CDIs ·      3,200,000 Unlisted Options, exercise price £0.0125, expiry 11/4/19. ·      1,000,000 Unlisted options, exercise price 1.8 pence, expiry 28/7/19.
Class	·      CDIs ·      Unlisted options, exercise price 1.2 pence, expiry 29/11/18.
Number acquired - Direct	Nil.
Number acquired - Indirect	·      1,500,000 CDIs to MBB Trading Pty Ltd. ·      750,000 CDIs to Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap BB Super Fund. ·      750,000 CDIs to Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund. ·      1,500,000 Unlisted options (exercise price 1.2 pence, expiry 29/11/18) to MBB Trading Pty Ltd. ·      750,000 Unlisted options (exercise price 1.2 pence, expiry 29/11/18) to Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap BB Super Fund. ·      750,000 Unlisted options (exercise price 1.2 pence, expiry 29/11/18) to Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund.
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	·      0.8 pence per CDI, or total consideration of £24,000. ·      Nil. One free option for each share subscribed.
No. of securities held after change - Direct	·    6,173,340 CDIs ·    100,000 AIM listed Shares ·    3,000,000 Unlisted options, exercise price 1.8 pence, expiry 31/3/20.
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. ·      12,623,689 CDIs ·      5,565,040 Unlisted Options, exercise price £0.0125, expiry 11/4/19. ·      4,000,000 Unlisted Options, exercise price £0.0125, expiry 26/7/19. ·      1,000,000 Unlisted options, exercise price 1.8 pence, expiry 28/7/19. ·      750,000 Unlisted Options, exercise price 1.2 pence, expiry 29/11/18. Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap BB Super Fund. ·      1,750,000 CDIs ·      1,000,000 Unlisted options, exercise price 1.8 pence, expiry 28/7/19. ·      750,000 Unlisted Options, exercise price 1.2 pence, expiry 29/11/18. Held by MBB Trading Pty Ltd ·      10,618,213 CDIs ·      3,200,000 Unlisted Options, exercise price £0.0125, expiry 11/4/19. ·      1,000,000 Unlisted options, exercise price 1.8 pence, expiry 28/7/19. ·      1,500,000 Unlisted Options, exercise price 1.2 pence, expiry 29/11/18.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	·      Participation in a placement to sophisticated investors in the UK, on the same terms as other investors.  Director participation approved at a General Meeting on 29 November 2017. ·      Unlisted options issued on the basis of one free option for each share subscribed for under the placement noted above.  On the same terms as other investors.

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 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	Paul Johnson
Date of last notice	10 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	30 November 2017
No. of securities held prior to 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 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 ·      Unlisted options, exercise price 1.2 pence, expiry 29/11/18.
Number acquired - Direct	N/A
Number acquired - Indirect	Value Generation Limited ·      3,125,000 Ordinary Shares ·      3,125,000 Unlisted options, exercise price 1.2 pence, expiry 29/11/18.
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	·      0.8 pence per CDI, or total consideration of £25,000. ·      Nil. One free option for each share subscribed.
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. Value Generation Limited: ·      4,125,000 Ordinary Shares (AIM listed) held by Value Generation Limited. ·      3,125,000 Unlisted options, exercise price 1.2 pence, expiry 29/11/18.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	·      Participation in a placement to sophisticated investors in the UK, on the same terms as other investors.  Director participation approved at a General Meeting on 29 November 2017. ·      Unlisted options issued on the basis of one free option for each share subscribed for under the placement noted above.  On the same terms as other investors.

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

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	Michael Billing Details of legal persons: (a)   Lapun Kamap Super Fund (Michael Billing is a trustee and beneficiary). (b)   Lapun Kamap BB Super Fund (Michael Billing is a trustee and beneficiary). (c)   MBB Trading Pty Ltd (Michael Billing is a director and shareholder).
2	Reason for the notification
a)	Position/status	Executive Chairman
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	Participation in a placement, on the same terms as other investors. Ordinary Shares allotted as follows: (a)   Lapun Kamap Super Fund 750,000. (b)   Lapun Kamap BB Super Fund 750,000. (c)   MBB Trading Pty Ltd 1,500,000.
.c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.8 pence	3,000,000
d)	Aggregated information
	- Aggregated volume	Aggregate volume: 3,000,000
	- Price	Aggregate price: 0.8 pence Aggregate total: £24,000.00
e)	Date of the transaction	30 November 2017
f)	Place of the transaction	London Stock Exchange's AIM Market

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 Details of legal persons: Value Generation Limited (50% owned by Mr P Johnson and 50% owned by Mrs M 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	Participation in a placement, on the same terms as other investors.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.8 pence	3,125,000
d)	Aggregated information
	- Aggregated volume	Aggregate volume: 3,125,000
	- Price	Aggregate price: 0.8 pence Aggregate total: £25,000.00
e)	Date of the transaction	30 November 2017
f)	Place of the transaction	London Stock Exchange's AIM Market

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	Michael Billing Details of legal persons: (a)   Lapun Kamap Super Fund (Michael Billing is a trustee and beneficiary). (b)   Lapun Kamap BB Super Fund (Michael Billing is a trustee and beneficiary). (c)   MBB Trading Pty Ltd (Michael Billing is a director and shareholder).
2	Reason for the notification
a)	Position/status	Executive Chairman
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	Warrants over ordinary shares of 0.01 pence each expiring on 29 November 2018
	Identification code	GB00BD0NBV71
b)	Nature of the transaction	Warrants granted to subscribers in a placement. Warrants over ordinary shares allotted as follows: (a)   Lapun Kamap Super Fund 750,000. (b)   Lapun Kamap BB Super Fund 750,000. (c)   MBB Trading Pty Ltd 1,500,000.
.c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Exercise price: 1.2 pence	3,000,000
d)	Aggregated information
	- Aggregated volume	NA
	- Price
e)	Date of the transaction	30 November 2017
f)	Place of the transaction	Outside of a trading venue

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 Details of legal persons: Value Generation Limited (50% owned by Mr P Johnson and 50% owned by Mrs M 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	Warrants over ordinary shares of 0.01 pence each expiring on 29 November 2018
	Identification code	GB00BD0NBV71
b)	Nature of the transaction	Warrants granted to subscribers in a placement
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Exercise price: 1.2 pence	3,125,000
d)	Aggregated information
	- Aggregated volume	NA
	- Price
e)	Date of the transaction	30 November 2017
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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