Director/PDMR Shareholding

RNS Number : 1797E

Thor Mining PLC

04 May 2017

 

Thursday, 4 May 2017

THOR MINING PLC

 ("Thor" or the "Company")

Director/PDMR Shareholding

The Company was today informed by Paul Johnson that Value Generation Limited, a company owned by Paul Johnson and his spouse, acquired 500,000 ordinary shares of 0.01 pence each in the capital of the Company ("Ordinary Shares") at a price of 0.879 pence each on 3 May 2017.

Following the above mentioned acquisition, Paul Johnson and his closely associated persons are beneficially interested in 8,002,649 Ordinary Shares, representing 2.15 per cent of the issued share capital of the Company.

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 / Andy Thacker	[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.

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 (Legal Person: Value Generation Limited)
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	N/A
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	Purchase of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.879 pence	500,000
d)	Aggregated information
	- Aggregated volume	Aggregate volume: 500,000 Aggregate price: 0.879 pence Aggregate total: £4,395.00
	- Price
e)	Date of the transaction	3 May 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	9 March 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 his spouse, Mrs M Johnson.
Date of change	3rd May 2017
No. of securities held prior to change - Direct	·      3,402,649 Ordinary Shares (AIM listed) ·      3,200,000 Unlisted Options (expiry 1 December 2018, exercise price £0.0125) ·      10,000,000 Unlisted Options (expiry 2 September 2019, exercise price £0.0125)
No. of securities held prior to change - Indirect	·      4,100,000 Ordinary Shares (AIM listed) held by Mrs M Johnson
Class	Ordinary Fully Paid Shares Unlisted options
Number acquired - Direct	N/A
Number acquired - Indirect	500,000 Ordinary Fully Paid Shares acquired by Value Generation Limited
Number disposed	N/A
Value/Consideration ·          Note: If consideration is non-cash, provide details and estimated valuation ·	£0.00879 per share or total consideration of £4,395
No. of securities held after change - Direct	·      3,402,649 Ordinary Shares (AIM listed) ·      3,200,000 Unlisted Options (expiry 1 December 2018, exercise price £0.0125) ·      10,000,000 Unlisted Options (expiry 2 September 2019, exercise price £0.0125)
No. of securities held after change - Indirect	·      4,100,000 Ordinary Shares (AIM listed) held by Mrs M Johnson ·      500,000 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	On market purchase (AIM).

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

 

 

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