Australian Securities Exchange Waiver

RNS Number : 8308P

Thor Mining PLC

30 October 2012

 



THOR MINING PLC

Australian Securities Exchange Waiver

Dated: 30 October 2012

Thor Mining Plc ("Thor" or "the Company") (AIM, ASX: THR) has received a waiver from the Australian Securities Exchange ("ASX") in relation to the requirement to lodge Appendix 3Bs relating to the net change in the numbers of CDIs issued in the Australian market.  The Company has announced details of the waiver to the ASX and that announcement is set out below.

Enquiries:

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Allan Burchard	[phone]	Thor Mining PLC	CFO/Company Secretary
Gerry Beaney/ David Hignell	[phone]	Grant Thornton Corporate Finance	Nominated Adviser
Nick Emerson/ Renato Rufus	[phone]	Simple Investments	Broker
Alex Walters/ Lavinia Fiamma	[phone] [phone]	Cadogan PR	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.

Company Announcement

Company Announcements Office,

ASX Securities Limited,

20, Bridge Street,

Sydney, N.S.W. 2000

ASX Waiver in relation to lodgement of Appendix 3Bs

Thor Mining  Plc ("Thor" or "the Company") (AIM, ASX:THR) notes the favorable decision by ASX in response to Thor's application for a waiver of ASX Listing Rule 2.4 and ASX Listing Rule 2.8 in relation to the lodgement of Appendix 3Bs relating to the net change in the number of CDIs issued in the Australian market.

The full text of the ASX decision, dated 29 October 2012, is extracted below.

"ASX Limited has considered the Company's application and decided as follows:

DECISION

1.             Based solely on the information provided, ASX Limited ("ASX") grants Thor Mining PLC (the "Company") the following waivers:

1.1.          A waiver from listing rule 2.4 to the extent necessary to permit the Company to only apply for quotation of those CHESS Depositary Interests ("CDIs") issued over its fully paid ordinary shares into the Australian market.

1.2.          A waiver from listing rule 2.8 to the extent necessary to allow the Company not to apply for quotation of CDIs which are issued as a result of holders of ordinary shares in the Company converting their shares to CDIs, within 10 business days of issue of those CDIs.

2.             The waivers in resolutions 1.1 and 1.2 are subject to the following conditions:

2.1.          The Company applies for quotation of CDIs issued into the Australian market on a monthly basis, and the Company provides to the market a monthly update of the net changes in the number of CDIs that are quoted on ASX.

2.2.          The Company immediately releases full details of these waivers to the market."

The decision by ASX to grant the waivers will minimise the administrative burden on the Company, while maintaining maximum market transparency and certainty.

For further information, please contact:

THOR MINING PLC

Mick Billing                                           Allan Burchard

Executive Chairman                             Company Secretary

[phone]                                     [phone]

 

END

 

 

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