Director/PDMR Shareholding
Thor Energy PLC announced that Non-Executive Director Tim Armstrong disposed of 4,500,000 ordinary shares at A$0.0105 each to cover personal taxation, resulting in no direct shareholding but retaining 10,500,000 unquoted performance shares. Additionally, following shareholder approval, the company issued 30,000,000 unquoted performance shares to CEO Andrew Hume and 15,000,000 to Non-Executive Director Lincoln Moore. Mr. Hume also holds various unlisted options with exercise prices ranging from $0.03 to $0.07, expiring between 2027 and 2029. Mr. Moore holds 1,333,333 ordinary shares, representing 0.13% of the issued capital, and 15,000,000 unquoted performance shares.
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Thor Energy PLC ("Thor") (AIM, ASX: THR, OTCQB: THORF) announces that it received notification on 5 December 2025 from Tim Armstrong, Non-Executive Director, that he disposed of 4,500,000 ordinary shares to meet personal taxation liabilities, at a price of A$0.0105 per share. Following this disposal, Mr Armstrong does not retain any direct interest in the Company, Mr Armstrong does retain an indirect interest of 10,500,000 unquoted performance shares.
The Company also announces that, further to shareholder approval at the Company's annual general meeting held on 11 November 2025, it has issued 30,000,000 unquoted performance shares to Andrew Hume, CEO and Managing Director, and 15,000,000 unquoted performance shares to Lincoln Moore, Non-Executive Director.
Mr Hume holds the following securities in the Company:
- 15,000,000 unlisted Options issued 5 February 2025 for nil consideration. The Options have an exercise price of $0.03 and expire 5 February 2027.
- 15,000,000 unlisted Options issued 5 February 2025 for nil consideration. The Options have an exercise price of $0.05 and expire 5 February 2028.
- 15,000,000 unlisted Options issued 5 February 2025 for nil consideration. The Options have an exercise price of $0.07 and expire 5 February 2029.
- 30,000,000 unquoted performance shares
Mr Moore holds 1,333,333 Ordinary Shares in the Company, equivalent to 0.13 per cent of the Company's issued share capital and 15,000,000 unquoted performance shares.
The Board of Thor Energy Plc has approved this announcement and authorised its release.
For further information on the Company, please visit the website or please contact the following:
Thor Energy PLC
Andrew Hume, Managing Director
Alastair Clayton, Non-Executive Chairman
Rowan Harland, Company Secretary
Zeus Capital Limited (Nominated Adviser and Joint Broker)
Antonio Bossi / Darshan Patel / Gabriella Zwarts
SI Capital Limited (Joint Broker)
Nick Emerson
Yellow Jersey (Financial PR)
Dom Barretto / Shivantha Thambirajah / Bessie Elliot
| (a) | Name | Tim Armstrong |
| 2 | Reason for the notification | |
| (a) | Position/status | Non-Executive Director |
| (b) | Initial notification/amendment | Initial Notification |
| 3 | Details of the Issuer | |
| (a) | Name | Thor Energy plc |
| (b) | Legal Entity Identifier code | 213800WO61Y9GPALD478 |
| (a) | Description of the financial instrument | Ordinary Shares of 0.1 pence each |
| (b) | Identification Code | GB00BRJ52319 |
| (c) | Nature of the transaction | Disposal of Ordinary Shares |
| (d) | Currency | AUD |
| (e) | Price(s) and volume(s) | Price(s) Volume(s) A$0.0105 4,500,000 |
| (f) | Aggregated information - Aggregated volume - Price | 4,500,000 A$0.0105 |
| (g) | Date of the transaction | 05 December 2025 |
| (h) | Place of the transaction | ASX |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.