REG - Thor Energy PLC - Appointment of Managing Director

Thor EnergyAnnouncement

05/02/2025 07:00

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RNS Number : 9102V  Thor Energy PLC  05 February 2025

 5 February 2025

Thor Energy PLC

 

("Thor" or the "Company")

 

Appointment of Managing Director

 

Thor Energy plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) is pleased to announce
that Mr Andrew Hume has agreed to join the Board as Managing Director based in
Perth, Western Australia.

 

Andrew has a 27-year career in the energy sector, holding key roles in
multinational companies. He commenced at Thales Group (previously known as
Racal Electronics), advancing to Geosciences Manager, USA. At Shell and Murphy
Oil Corp, he contributed to geoscience analysis, drilling, asset management,
and portfolio growth. At Maersk Oil and Gas, he led regional new ventures
before steering strategy and performance across exploration and appraisal.
Following the acquisition by TotalEnergies, he led regional strategy,
portfolio, planning and performance, before delivering business development,
leading joint ventures and managing a multiparty decarbonisation and
renewables project. Andrew's career is marked by global experience and
leadership across business and technical disciplines, principally in the USA,
Australia, Denmark, and the UK. He holds an Executive MBA with distinction
from the University of Cambridge and BSc (Hons) Geology from the University of
St. Andrews.

 

Alastair Clayton, Executive Chairman commented: "It's fantastic to welcome
Andrew to the Board of Thor Energy as Managing Director. Andrew has an
outstanding track record in the oil and gas industry worldwide. Thor has
recently entered the nascent natural hydrogen sector via the soon-to-close Go
Exploration acquisition thereby giving it control of one of only four granted
hydrogen licences in South Australia. Andrew's business leadership and
technical skills in oil and gas are directly applicable to natural hydrogen
exploration and development and will therefore be key in driving the business
forward. With a prospective resource for hydrogen and helium expected to be
completed by leading independent industry consultants RISC soon, it is
particularly satisfying to be able to cement the executive leadership to take
Thor forward."

 

AIM disclosures:

 

The following information is disclosed relating to Mr Andrew Hume pursuant to
rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies.

 

Mr Andrew Stephen Hume, aged 50 years, does not hold ordinary shares in Thor
Energy plc. As part of his Executive Services Agreement the Company has agreed
to issue Mr Hume the following options as an incentive and shareholder
alignment focused on short, medium and longer-term share price performance.

 

i)     Options Series A over 15,000,000 ordinary shares in the Company at
a strike price of 3 cents per share (A$0.03) for a period of 2 years following
the date of issue to the Executive.

ii)    Options Series B over 15,000,000 ordinary shares in the Company at a
strike price of 5 cents per share (A$0.05) for a period of 3 years following
the date of issue to the Executive.

iii)   Options Series C over 15,000,000 ordinary shares in the Company at a
strike price of 7 cents per share (A$0.07) for a period of 4 years following
the date of issue to the Executive

The Options will vest incrementally with Series A vesting immediately upon
commencement, Series B, 6 months following the commencement date and Series C,
18 months following the commencement date.

 

Mr Hume has been a director of the following companies during the five years
preceding the date of this announcement:

 

 Current directorships / partnerships  Past directorships / partnerships within the last five years
 None                                  None

 

 

The Board of Thor Energy Plc has approved this announcement and authorised its
release.

For further information on the Company, please visit the website
(https://thorenergyplc.com/)  or please contact the following:

 

Thor Energy PLC

Alastair Clayton, Executive Chairman

Rowan Harland, Company Secretary

Tel: +61 (8) 6555 2950

 

Zeus (Nominated Adviser and Joint Broker)

Antonio Bossi / Darshan Patel / Gabriella Zwarts

Tel: +44 (0) 203 829 5000

 

SI Capital Limited (Joint Broker)

Nick Emerson

Tel: +44 (0) 1483 413 500

 

Yellow Jersey (Financial PR)

Dom Barretto / Shivantha Thambirajah / Bessie Elliot

thor@yellowjerseypr.com (mailto:thor@yellowjerseypr.com)

Tel: +44 (0) 20 3004 9512

 

About Thor Energy Plc

The Company is predominantly focused on uranium and energy metals and hydrogen
and helium that are crucial in the shift to a clean energy economy.

For further information on Thor Energy and to see an overview of its projects,
please visit the Company's website at https://thorenergyplc.com/
(https://thorenergyplc.com/) .

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1.  Details of the PDMR / person closely associated
 a)  Name                                                         Andrew Hume
 2.  Reason for the notification
 a)  Position / status                                            Managing 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 Energy plc
 b)  LEI                                                          213800WO61Y9GPALD478
 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  Option over Ordinary Shares

     Identification code

                                                                  GB00BRJ52319
 b)  Nature of the transaction                                    Grant of Options
 c)  Price(s) and volume(s)                                       15,000,000 options at an exercise price of A$0.03

                                                                  15,000,000 options at an exercise price of A$0.05

                                                                  15,000,000 options at an exercise price of A$0.07
 d)  Aggregated information                                       See above
     -      Aggregated volume
     -      Price
 e)  Date of the transaction                                      5 January 2025
 f)  Place of the transaction                                     Off market

 

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