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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Thor Energy Plc | LSE:THR | London | Ordinary Share | GB00BRJ52319 | ORD GBP0.001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.20 | 1.10 | 1.30 | 1.20 | 1.20 | 1.20 | 121,601 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Nonmtl Minrls, Ex Fuels | 0 | -520k | -0.0019 | -6.32 | 3.34M |
From Apr 2019 to Apr 2024
TIDMTHR
RNS Number : 6796Q
Thor Mining PLC
01 December 2016
Thursday, 1 December 2016
THOR MINING PLC
Thor Mining PLC ("Thor" or the "Company")
The Directors of Thor Mining PLC (AIM, ASX: THR) today released the following announcement on the Australian Securities Exchange ("ASX"), concerning the Company's share capital reorganisation, as required under the listing rules of the ASX.
Company Announcements Office,
ASX Securities Limited,
20, Bridge Street,
Sydney, N.S.W. 2000
CAPITAL REORGANISATION
Further to shareholder approval on 24 November 2016, the Company has implemented a capital reorganisation as follows:
-- a subdivision of each of the Company's Ordinary Shares of 0.01p each, into one deferred share of 0.0096p each ("A Deferred Share") and one ordinary share of 0.0004p ("Subdivided Ordinary Share").
The A Deferred Shares have limited economic value as they do not carry any voting or dividend rights and do not entitle the holders to participate in any return of capital on a winding up.
-- a reduction in the number of Subdivided Ordinary Shares) by way of a consolidation on the basis of 25 Subdivided Ordinary Shares into one new ordinary share of 0.01p each ("New Ordinary Share").
The impact on the Company's ASX traded CDI's is that, effective 1 December 2016, the total number of ASX listed CDI's has reduced from 2,774,119,029 to 110,964,761, and the total number of AIM traded ordinary shares has reduced from 5,154,839,454 to 206,193,579. The total issued ordinary share capital of the Company is now 317,158,340.
Following the consolidation, save for any minor adjustment resulting from the rounding down of fractional holdings, all shareholders will retain the same percentage interest in the Company's issued ordinary share capital as that held immediately prior to the implementation of the consolidation. Shareholders holding fewer than 25 Subdivided Ordinary Shares or CDIs immediately prior to the consolidation will cease to be shareholders of the Company.
The number of unlisted options (termed warrants in the United Kingdom) have been consolidated in the same ratio as the ordinary shares and CDIs, and their exercise prices have been amended in inverse proportion to that ratio.
The attached Appendix 3B sets out the new post-consolidation number of ordinary shares, CDIs and unlisted options, together with the Company's amended calculation of available placement capacity.
The last day for trading in CDIs on a pre-consolidation basis was 28 November 2016. Normal trading on the post consolidation CDIs will commence on 8 December 2016. Accordingly, the Company's trading code on the ASX changed to THRDC from 29 November 2016, and will revert to THR on 8 December 2016.
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12
Name of entity Thor Mining PLC --------------- ABN 121 117 673 -----------
We (the entity) give ASX the following information.
Part 1 -- All issues
You must complete the relevant sections (attach sheets if there is not enough space).
Hot Features
Premium
1 +Class of +securities a) Ordinary shares / CDIs
issued or to be b) CDIs
issued c) Ordinary Shares
d) Unlisted options expiring
1 December 2018
e) Unlisted options expiring
5 March 2019
f) Unlisted options expiring
7 April 2019
g) Unlisted options expiring
11 April 2019
h) Unlisted options expiring
26 July 2019
i) Unlisted options expiring
2 September 2019
2 Number of +securities a) Transfers of nil to
issued or to be ASX listed CDI's from
issued (if known) AIM listed shares on the
or maximum number AIM Market of the London
which may be issued Stock Exchange, during
the period 25 November
2016 to 30 November 2016.
b) Consolidation of 2,774,119,029
fully paid ordinary shares
(listed on ASX as CDIs)
into 110,964,761 fully
paid ordinary shares (listed
on ASX as CDIs) on a 1
for 25 basis, effective
1 December 2016.
c) Consolidation of 5,154,839,454
fully paid ordinary shares
(AIM listed) into 206,193,579
fully paid ordinary shares
(listed on AIM) on a 1
for 25 basis, effective
1 December 2016.
d) Consolidation of 1,200,000,000
unlisted options exercisable
at GBP0.0005, on a 1 for
25 basis, to 48,000,000
options exercisable at
GBP0.0125.
e) Consolidation of 400,000,000
unlisted options exercisable
at GBP0.0005, on a 1 for
25 basis, to 16,000,000
options exercisable at
GBP0.0125.
f) Consolidation of 1,000,000,000
unlisted options exercisable
at GBP0.0005, on a 1 for
25 basis, to 40,000,000
options exercisable at
GBP0.0125.
g) Consolidation of 346,000,000
unlisted options exercisable
at GBP0.0005, on a 1 for
25 basis, to 13,840,000
options exercisable at
GBP0.0125.
h) Consolidation of 500,000,000
unlisted options exercisable
at GBP0.0005, on a 1 for
25 basis, to 20,000,000
options exercisable at
GBP0.0125.
i) Consolidation of 250,000,000
unlisted options exercisable
at GBP0.0005, on a 1 for
25 basis, to 10,000,000
options exercisable at
GBP0.0125.
3 Principal terms This represents:
of the +securities a) Transfers of nil to
(eg, if options, ASX listed CDI's from
exercise price AIM listed shares on the
and expiry date; AIM Market of the London
if partly paid Stock Exchange, during
+securities, the the period 25 November
amount outstanding 2016 to 30 November 2016.
and due dates b) and c) The consolidation
for payment; if was on the basis of converting
+convertible securities, every 25 fully paid ordinary
the conversion shares into 1 fully paid
price and dates ordinary share (including
for conversion) fully paid ordinary shares
listed on the ASX as CDIs),
as approved at the Company's
Annual General Meeting
held on 24 November 2016.
d) to i) the number of
options on issue was consolidated
in the same ratio as the
fully paid ordinary shares
and their exercise prices
was amended in inverse
proportion to that ratio.
--------------------------------------
4 Do the +securities Yes
rank equally in
all respects from
the date of allotment
with an existing
+class of quoted
+securities?
If the additional
securities do
not rank equally,
please state:
* the date from which they do
* the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
* the extent to which they do not rank equally, other
than in relation to the next dividend, distribution
or interest payment
--------------------------------------
5 Issue price or N/A
consideration
--------------------------------------
Purpose of the a) Transfers of nil to
issue ASX listed CDI's from
6 (If issued as AIM listed shares on the
consideration AIM Market of the London
for the acquisition Stock Exchange, during
of assets, clearly the period 25 November
identify those 2016 to 30 November 2016.
assets) b) to i) Consolidation
of share capital.
--------------------------------------
Is the entity Yes
an +eligible entity
6a that has obtained
security holder
approval under
rule 7.1A?
If Yes, complete
sections 6b -
6h in relation
to the +securities
the subject of
this Appendix
3B, and comply
with section 6i
--------------------------------------
The date the security 24 November 2016
holder resolution
6b under rule 7.1A
was passed
--------------------------------------
Number of +securities N/A
issued without
6c security holder
approval under
rule 7.1
--------------------------------------
Number of +securities N/A
issued with security
6d holder approval
under rule 7.1A
--------------------------------------
Number of +securities N/A.
issued with security
6e holder approval
under rule 7.3,
or another specific
security holder
approval (specify
date of meeting)
--------------------------------------
Number of securities N/A
issued under an
6f exception in rule
7.2
--------------------------------------
If securities N/A
issued under rule
6g 7.1A, was issue
price at least
75% of 15 day
VWAP as calculated
under rule 7.1A.3?
Include the issue
date and both
values. Include
the source of
the VWAP calculation.
--------------------------------------
If securities N/A
were issued under
6h rule 7.1A for
non-cash consideration,
state date on
which valuation
of consideration
was released to
ASX Market Announcements.
--------------------------------------
Calculate the Refer attached Annexure
entity's remaining 1
6i issue capacity
under rule 7.1
and rule 7.1A
- complete Annexure
1 and release
to ASX Market
Announcements
--------------------------------------
7 Dates of entering a) Transfers: 25 November
+securities into 2016 to 30 November 2016.
uncertificated b) to i) 1 December 2016.
holdings or despatch
of certificates
--------------------------------------
Number +Class
------------ ---------------------
Number and +class
of all +securities Ordinary Shares
quoted on ASX quoted by
(including the ASX ("THR" as
securities in CDIs) as at 1
8 section 2 if applicable) 110,964,761 December 2016.
------------ ---------------------
Ordinary Shares
admitted to the
AIM Market of
the London Stock
Exchange, as at
1 December 2016.
Unlisted Options:
1.25 pence unlisted
warrants expiring
1 December 2018.
1.25 pence unlisted
warrants expiring
5 March 2019.
1.25 pence unlisted
warrants expiring
7 April 2019.
1.25 pence unlisted
warrants expiring
Number and +class 206,193,579 11 April 2019.
of all +securities 48,000,000 1.25 pence unlisted
not quoted on 16,000,000 warrants expiring
ASX (including 40,000,000 26 July 2019.
the securities 13,840,000 1.25 pence unlisted
in section 2 if 20,000,000 warrants expiring
9 applicable) 10,000,000 2 September 2019.
------------ ---------------------
10 Dividend policy No Policy
(in the case of
a trust, distribution
policy) on the
increased capital
(interests)
-----------------------------------
Part 2 -- Bonus issue or pro rata issue - Not Applicable
Part 3 -- Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 Type of securities
(tick one)
(a) ü Securities described in Part 1
-------
(b) All other securities
Example: restricted securities at the
end of the escrowed period, partly
paid securities that become fully paid,
employee incentive share securities
when restriction ends, securities issued
on expiry or conversion of convertible
securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you
are providing the information
or documents
35 If the +securities are +equity securities,
the names of the 20 largest holders
of the additional +securities, and
the number and percentage of additional
+securities held by those holders
36 If the +securities are +equity securities,
a distribution schedule of the additional
+securities setting out the number
of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 A copy of any trust deed for the additional
+securities
Entities that have ticked box 34(b)
38 Number of securities
for which +quotation
is sought
39 Class of +securities
for which quotation
is sought
----------------------------
40 Do the +securities
rank equally in
all respects from
the date of allotment
with an existing
+class of quoted
+securities?
If the additional
securities do
not rank equally,
please state:
* the date from which they do
* the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
* the extent to which they do not rank equally, other
than in relation to the next dividend, distribution
or interest payment
41 Reason for request
for quotation
now
Example: In the
case of restricted
securities, end
of restriction
period
(if issued upon
conversion of
another security,
clearly identify
that other security)
----------------------------
Number +Class
------------- -------------
42 Number and +class
of all +securities
quoted on ASX
(including the
securities in
clause 38)
------------- -------------
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
-- The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
-- There is no reason why those +securities should not be granted +quotation.
-- An offer of the (+) securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
-- Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
-- If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here: .............................. Date: 1 December 2016
(Company Secretary)
Print name: Ray Ridge
== == == == ==
Appendix 3B - Annexure 1
Calculation of placement capacity under rule 7.1 and rule 7.1A for (+) eligible entities
Introduced 01/08/12
Part 1
Rule 7.1 - Issues exceeding 15% of capital
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 1: Calculate "A", the base figure from
which the placement capacity is calculated
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Insert number of fully as at 1 December 2015
paid ordinary securities 167,179,582
on issue 12 months (4,179,489,496 pre-consolidation)
before date of issue
or agreement to issue
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Add the following:
* Number of fully paid ordinary securities issued in
that 12 month period under an exception in rule 7.2
Remuneration (17/12/15)
14,275,921
* Number of fully paid ordinary securities issued in (approved 26 November
that 12 month period with shareholder approval 2015)
(pre consolidation 356,898,014)
Placement (1/6/16) 13,440,000
(approved 23 June 2016)
(pre consolidation 336,000,000)
Placement (24/6/16)
34,560,000
(approved 23 June 2016)
(pre consolidation 864,000,000)
* Number of partly paid ordinary securities that became
fully paid in that 12 month period
Placement (5/9/16) 16,000,000
(approved 6 October
Note: 2016)
* Include only ordinary securities here - other classes (pre consolidation 400,000,000)
of equity securities cannot be added
Placement (7/10/16)
* Include here (if applicable) the securities the 40,000,000
subject of the Appendix 3B to which this form is (approved 6 October
annexed 2016)
(pre consolidation 1,000,000,000)
* It may be useful to set out issues of securities on
different dates as separate line items Placement (11/10/16)
13,840,000
(approved 6 October
2016)
(pre consolidation 346,000,000)
Remuneration (25/11/2016)
17,862,838
(approved 24 November
2016)
(pre consolidation 446,570,973)
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract the number
of fully paid ordinary
securities cancelled
during that 12 month
period 0
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"A" 317,158,340
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 2: Calculate 15% of "A"
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"B" 0.15
[Note: this value cannot
be changed]
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multiply "A" by 0.15 47,573,750
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 3: Calculate "C", the amount of placement
capacity under rule 7.1 that has already
been used
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Insert number of equity
securities issued or
agreed to be issued
in that 12 month period
not counting those
issued:
* Under an exception in rule 7.2
* Under rule 7.1A
* With security holder approval under rule 7.1 or rule
7.4
Note:
* This applies to equity securities, unless
specifically excluded - not just ordinary securities
* Include here (if applicable ) the securities the
subject of the Appendix 3B to which this form is
annexed
* It may be useful to set out issues of securities on
different dates as separate line items
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"C" 0
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Step 4: Subtract "C" from ["A" x "B"] to
calculate remaining placement capacity under
rule 7.1
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"A" x 0.15
Note: number must be
same as shown in Step
2 47,573,750
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Subtract "C"
Note: number must be
same as shown in Step
3 0
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total ["A" x 0.15] 47,573,750
- "C" [Note: this is the
remaining placement
capacity under rule
7.1]
------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Part 2
Rule 7.1A - Additional placement capacity
for eligible entities
-----------------------------------------------------------------------------------------
Step 1: Calculate "A", the base figure from
which the placement capacity is calculated
-----------------------------------------------------------------------------------------
"A"
Note: number must be
same as shown in Step
1 of Part 1 317,158,340
-------------------------------------------------------------- -------------------------
Step 2: Calculate 10% of "A"
-----------------------------------------------------------------------------------------
"D" 0.10
Note: this value cannot
be changed
-------------------------------------------------------------- -------------------------
Multiply "A" by 0.10 31,715,834
-------------------------------------------------------------- -------------------------
Step 3: Calculate "E", the amount of placement
capacity under rule 7.1A that has already
been used
-----------------------------------------------------------------------------------------
Insert number of equity
securities issued or
agreed to be issued
in that 12 month period
under rule 7.1A
Notes:
* This applies to equity securities - not just ordinary
securities
* Include here - if applicable - the securities the
subject of the Appendix 3B to which this form is
annexed
* Do not include equity securities issued under rule
7.1 (they must be dealt with in Part 1), or for which
specific security holder approval has been obtained
* It may be useful to set out issues of securities on
different dates as separate line items
-------------------------------------------------------------- -------------------------
"E" 0
-------------------------------------------------------------- -------------------------
Step 4: Subtract "E" from ["A" x "D"] to
calculate remaining placement capacity under
rule 7.1A
------------------------------------------------------------------------------------------------------
"A" x 0.10
Note: number must be
same as shown in Step
2 31,715,834
------------------------ ----------------------------------------------------------------------------
Subtract "E"
Note: number must be
same as shown in Step
3 0
------------------------ ----------------------------------------------------------------------------
Total ["A" x 0.10]
- "E" 31,715,834
Note: this is the remaining
placement capacity
under rule 7.1A
------------------------ ----------------------------------------------------------------------------
Enquiries:
Mick Billing +61 (8) 7324 Thor Mining PLC Executive
1935 Chairman
Ray Ridge +61 (8) 7324 Thor Mining PLC CFO/Company
1935 Secretary
Colin Aaronson/ +44 (0) 207 Grant Thornton UK Nominated
Daniel Bush/ 383 5100 LLP Adviser
Richard Tonthat
Gerry Beaney/ +44 (0) 207 Northland Capital Broker
David Hignell 382 1100 Partners Limited
John Howes/
Mark Treharne
Tim Blythe +44 (0) 207 Blytheweigh Financial
/ Camilla 138 3222 PR
Horsfall
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGIBDDISGBGLB
(END) Dow Jones Newswires
December 01, 2016 03:51 ET (08:51 GMT)
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