Thursday 28 March 2013
THOR MINING PLC
Director's Interest in Shares and Appendix 3Y
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) have become aware of an error regarding a Director's interest in shares in an AIM announcement dated 21 July 2011 and in subsequent disclosures such as the Company's Annual Report.
The AIM announcement dated 21 July 2011 and subsequent disclosures made by the Company overstated Trevor Ireland's direct holding in Ordinary Shares by 500,000 CDIs.
The correct interest held by Mr Ireland as at today's date is 3,298,980 CDIs representing 0.36% of the issued share capital of the Company and 2,000,000 Unlisted Options exercisable at $0.04 on or before 24 November 2013, held as follows:
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Held directly |
2,000,000 Unlisted Options exercisable at $0.04 on or before 24/11/2013. 2,448,980 Ordinary Shares. |
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Held indirectly |
850,000 Ordinary Shares held by Mrs Carolyn Ireland |
Thor today released the following announcement on the Australian Securities Exchange ("ASX") as required under the listing rules of the ASX. The announcement advises of a correction of the above mentioned error in the ASX Appendix 3Y announcement dated 12 April 2012.
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.
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Name of entity: Thor Mining PLC |
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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.
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Name of Director |
Trevor John Ireland |
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Date of last notice |
12 April 2012 |
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
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Direct or indirect interest |
Direct and Indirect |
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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 |
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Date of change |
21 July 2011 |
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No. of securities held prior to change: Direct. |
· 2,948,980 CDIs. · 2,000,000 Unlisted options |
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No. of securities held prior to change: Indirect. |
850,000 CDI shares |
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Number acquired - Direct |
Nil |
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Number acquired - Indirect |
Nil |
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Number disposed - Direct |
500,000 CDIs. |
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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
Nil |
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No. of securities held after change: Direct |
· 2,448,980 CDIs. · 2,000,000 Unlisted options |
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No. of securities held after change: Indirect |
850,000 CDIs |
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Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
The change is a correction of an error in previous notices dated 21 July 2011 and 12 April 2012 in which the Director's direct holdings were incorrectly overstated by 500,000 CDIs. This was caused by an incorrect allocation, which was later cancelled, of CDIs to a direct holding of the Director following an in-specie distribution of CDIs by another shareholder. |
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Part 2 - Change of director's interests in contracts
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Detail of contract |
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Nature of interest |
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Name of registered holder (if issued securities) |
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Date of change |
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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 |
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Interest acquired |
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Interest disposed |
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Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
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Interest after change |
Part 3 - +Closed period
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Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
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If so, was prior written clearance provided to allow the trade to proceed during this period? |
No |
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If prior written clearance was provided, on what date was this provided? |
N/A |
This information is provided by RNS