Director/PDMR Shareholding

RNS Number : 4580Y
Thor Mining PLC
03 March 2017
 

Friday, 3 March 2017

 

THOR MINING PLC

 ("Thor" or the "Company")

Director/PDMR Shareholding

The Company was yesterday informed by Mick Billing that he acquired 500,000 ordinary shares of 0.01 pence each in the capital of the Company ("Ordinary Shares") at a price of 1.468 cents each on 2 March 2017.

Following the above mentioned acquisition, Mick Billing and related parties are beneficially interested in  25,265,242 Ordinary Shares, representing 6.88 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

+61 (8) 7324 1935

Thor Mining PLC

Executive Chairman

Ray Ridge

+61 (8) 7324 1935

Thor Mining PLC

CFO/Company

Secretary

Colin Aaronson/

Daniel Bush/

Richard Tonthat

+44 (0) 207 383 5100

Grant Thornton UK LLP

 

Nominated Adviser

Elliot Hance

   +44 (0) 207382 8300

Beaufort Securities Limited

Joint Broker

Nick Emerson /

Andy Thacker

+44 (0) 1483 413 500

SI Capital Ltd

Joint Broker

Tim Blythe/

 Camilla Horsfall

+44 (0) 207 138 3222

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

 

 

Mick Billing

2

 

Reason for the notification

 

a)

 

Position/status

 

 

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

CDI's (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)




1.468 cents

500,000







d)

 

Aggregated information




- Aggregated volume

Aggregate volume: 500,000

Aggregate price: 1.468 cents

Aggregate total: AUD$7,340



- Price




e)

 

Date of the transaction

 

 

2 March 2017

f)

 

Place of the transaction

 

 

Australian Stock Exchange (ASX)

 

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

7 December 2016

 

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

2 March 2017

No. of securities held before change - Direct

·    6,173,340 CDIs

·    100,000 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.

·      10,373,689 CDIs

·      5,565,040 Unlisted Options (expiry 11 April 2019, exercise price £0.0125)

·      4,000,000 Unlisted Options (expiry 26 July 2019, exercise price £0.0125)

 

Held by MBB Trading Pty Ltd

·      8,118,213 CDIs

·      3,200,000 Unlisted Options (expiry 11 April 2019, exercise price £0.0125)

Class

CDIs

AIM listed shares

Unlisted options

 

Number acquired - Direct

N/A

 

Number acquired - Indirect

500,000 CDI's

 

 

 

Number disposed

N/A

 

Value/Consideration

(a)    Note: If consideration is non-cash, provide details and estimated valuation

1.468 cents per share, or total consideration of $7,340.

 

No. of securities held after change - Direct

·    6,173,340 CDIs

·    100,000 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.

·      10,873,689 CDIs

·      5,565,040 Unlisted Options (expiry 11 April 2019, exercise price £0.0125)

·      4,000,000 Unlisted Options (expiry 26 July 2019, exercise price £0.0125)

 

Held by MBB Trading Pty Ltd

·      8,118,213 CDIs

·      3,200,000 Unlisted Options (expiry 11 April 2019, exercise price £0.0125)

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

Acquired on market (ASX).

 

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

                                                                                                                 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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